NACCO Industries, Inc. (NYSE:NC – Get Free Report) 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 %
NACCO Industries (NYSE:NC – Get Free Report) 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.
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