NACCO Industries, Inc. (NYSE:NC) Sees Large Increase in Short Interest

NACCO Industries, Inc. (NYSE:NCGet Rating) was the target of a large growth in short interest in April. As of April 15th, there was short interest totalling 16,800 shares, a growth of 36.6% from the March 31st total of 12,300 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average daily volume of 27,800 shares, the days-to-cover ratio is currently 0.6 days.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FMR LLC lifted its position in shares of NACCO Industries by 8.6% during the 1st quarter. FMR LLC now owns 370,536 shares of the company’s stock valued at $14,162,000 after buying an additional 29,200 shares in the last quarter. Magnolia Group LLC increased its stake in NACCO Industries by 15.9% in the 3rd quarter. Magnolia Group LLC now owns 224,907 shares of the company’s stock worth $6,711,000 after acquiring an additional 30,893 shares during the last quarter. Geode Capital Management LLC increased its position in shares of NACCO Industries by 9.3% during the 3rd quarter. Geode Capital Management LLC now owns 35,496 shares of the company’s stock valued at $1,059,000 after purchasing an additional 3,022 shares during the last quarter. Prescott Group Capital Management L.L.C. bought a new position in shares of NACCO Industries during the 4th quarter valued at approximately $1,060,000. Finally, UBS Group AG increased its position in shares of NACCO Industries by 19.7% during the 3rd quarter. UBS Group AG now owns 26,469 shares of the company’s stock valued at $790,000 after purchasing an additional 4,358 shares during the last quarter. Institutional investors own 50.26% of the company’s stock.

NC stock traded down $3.10 on Monday, reaching $42.98. The company’s stock had a trading volume of 18 shares, compared to its average volume of 24,220. The business has a fifty day simple moving average of $38.29 and a two-hundred day simple moving average of $34.40. NACCO Industries has a 12-month low of $22.51 and a 12-month high of $51.20. The firm has a market cap of $308.73 million, a PE ratio of 6.88 and a beta of 1.05. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.24 and a current ratio of 4.41.

NACCO Industries (NYSE:NCGet Rating) last announced its quarterly earnings data on Wednesday, March 2nd. The company reported $1.07 EPS for the quarter. NACCO Industries had a return on equity of 14.60% and a net margin of 25.08%. The business had revenue of $49.10 million during the quarter.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 15th. Investors of record on Monday, March 7th were issued a $0.198 dividend. The ex-dividend date was Friday, March 4th. This represents a $0.79 annualized dividend and a yield of 1.84%. NACCO Industries’s payout ratio is 11.79%.

Separately, StockNews.com assumed coverage on shares of NACCO Industries in a report on Thursday, March 31st. They set a “buy” rating on the stock.

NACCO Industries Company Profile (Get Rating)

NACCO Industries, Inc, together with its subsidiaries, engages in the natural resources business. The company operates through three segments: Coal Mining, North American Mining, and Minerals Management. The Coal Mining segment operates surface coal mines under long-term contracts for power generation companies and an activated carbon producer in North Dakota, Texas, Mississippi, and Louisiana in the United States, as well as Navajo Nation in New Mexico.

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