NACCO Industries, Inc. (NYSE:NC) Sees Significant Drop in Short Interest

NACCO Industries, Inc. (NYSE:NC) saw a large decline in short interest in July. As of July 15th, there was short interest totalling 19,700 shares, a decline of 18.6% from the June 30th total of 24,200 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 16,800 shares, the short-interest ratio is currently 1.2 days.

Insider Transactions at NACCO Industries

In other news, SVP Thomas A. Maxwell sold 1,034 shares of the business’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $32.03, for a total transaction of $33,119.02. Following the completion of the transaction, the senior vice president now owns 7,800 shares of the company’s stock, valued at approximately $249,834. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 41.26% of the stock is owned by insiders.

Institutional Investors Weigh In On NACCO Industries

A number of hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in NACCO Industries by 0.7% during the first quarter. Vanguard Group Inc. now owns 210,072 shares of the company’s stock worth $6,344,000 after acquiring an additional 1,561 shares during the period. Empowered Funds LLC grew its position in shares of NACCO Industries by 8.0% in the first quarter. Empowered Funds LLC now owns 30,646 shares of the company’s stock valued at $926,000 after purchasing an additional 2,275 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its position in shares of NACCO Industries by 73.5% in the first quarter. BNP Paribas Financial Markets now owns 2,079 shares of the company’s stock valued at $63,000 after purchasing an additional 881 shares in the last quarter. Institutional investors and hedge funds own 49.10% of the company’s stock.

NACCO Industries Stock Down 8.0 %

Shares of NACCO Industries stock traded down $2.69 on Friday, hitting $30.88. 41,916 shares of the company’s stock traded hands, compared to its average volume of 22,036. NACCO Industries has a one year low of $27.26 and a one year high of $38.66. The company has a quick ratio of 2.14, a current ratio of 3.33 and a debt-to-equity ratio of 0.07. The company has a fifty day moving average of $30.94 and a two-hundred day moving average of $31.75.

NACCO Industries (NYSE:NC) last announced its earnings results on Wednesday, May 1st. The company reported $0.61 EPS for the quarter. NACCO Industries had a positive return on equity of 2.79% and a negative net margin of 18.68%. The company had revenue of $53.29 million for the quarter.

NACCO Industries Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Friday, May 31st were paid a $0.2275 dividend. The ex-dividend date was Friday, May 31st. This represents a $0.91 dividend on an annualized basis and a yield of 2.95%. NACCO Industries’s dividend payout ratio (DPR) is presently -16.73%.

About NACCO Industries

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 with power generation companies.