Short Interest in NACCO Industries, Inc. (NYSE:NC) Decreases By 46.5%

NACCO Industries, Inc. (NYSE:NC) was the target of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totaling 14,036 shares, a decrease of 46.5% from the December 15th total of 26,249 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 11,087 shares, the days-to-cover ratio is currently 1.3 days. Based on an average daily trading volume, of 11,087 shares, the days-to-cover ratio is currently 1.3 days. Approximately 0.3% of the company’s stock are sold short.

Insider Activity at NACCO Industries

In other news, SVP Elizabeth Loveman sold 1,897 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $49.94, for a total value of $94,736.18. Following the sale, the senior vice president directly owned 18,172 shares in the company, valued at approximately $907,509.68. This trade represents a 9.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 43.03% of the company’s stock.

Institutional Investors Weigh In On NACCO Industries

A number of hedge funds and other institutional investors have recently modified their holdings of NC. Police & Firemen s Retirement System of New Jersey purchased a new stake in shares of NACCO Industries during the 2nd quarter worth $41,000. Tower Research Capital LLC TRC lifted its holdings in NACCO Industries by 362.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,583 shares of the company’s stock worth $70,000 after buying an additional 1,241 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of NACCO Industries by 1,788.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 2,040 shares of the company’s stock worth $86,000 after acquiring an additional 1,932 shares in the last quarter. Byrne Asset Management LLC increased its holdings in shares of NACCO Industries by 120.7% in the 4th quarter. Byrne Asset Management LLC now owns 3,200 shares of the company’s stock valued at $157,000 after acquiring an additional 1,750 shares during the last quarter. Finally, Exchange Traded Concepts LLC raised its position in shares of NACCO Industries by 51.6% during the 3rd quarter. Exchange Traded Concepts LLC now owns 4,565 shares of the company’s stock worth $192,000 after acquiring an additional 1,553 shares in the last quarter. 49.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of NACCO Industries in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy”.

NACCO Industries Stock Down 0.5%

NC stock traded down $0.24 during midday trading on Friday, hitting $46.24. The company’s stock had a trading volume of 9,434 shares, compared to its average volume of 8,933. The company has a quick ratio of 2.18, a current ratio of 3.06 and a debt-to-equity ratio of 0.18. NACCO Industries has a 52-week low of $30.00 and a 52-week high of $53.88. The firm has a market capitalization of $344.91 million, a P/E ratio of 11.86 and a beta of 0.50. The firm has a 50-day simple moving average of $48.26 and a 200-day simple moving average of $43.27.

NACCO Industries (NYSE:NC) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $1.78 earnings per share for the quarter. The business had revenue of $76.61 million for the quarter. NACCO Industries had a return on equity of 7.01% and a net margin of 10.32%.

NACCO Industries declared that its Board of Directors has initiated a share repurchase program on Tuesday, November 18th that permits the company to repurchase $20.00 million in shares. This repurchase authorization permits the company to reacquire up to 5.2% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

NACCO Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were paid a $0.2525 dividend. This represents a $1.01 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Monday, December 1st. NACCO Industries’s dividend payout ratio (DPR) is presently 25.90%.

NACCO Industries Company Profile

NACCO Industries, Inc is a Cleveland, Ohio–based diversified holding company with a history spanning more than a century. Through its principal subsidiaries, the company operates in two primary business areas: coal mining and material-handling system design and manufacturing. Originally incorporated in 1913, NACCO has maintained a presence on the New York Stock Exchange under the ticker symbol NC since the 1920s, evolving its portfolio to meet changing market demands while preserving its core expertise in bulk commodities and industrial services.

The North American Coal Corporation, NACCO’s coal mining segment, is among the largest producers of lignite coal in the United States.