NACCO Industries, Inc. (NYSE:NC) Short Interest Down 23.7% in December

NACCO Industries, Inc. (NYSE:NC) was the target of a large drop in short interest during the month of December. As of December 15th, there was short interest totalling 14,200 shares, a drop of 23.7% from the November 30th total of 18,600 shares. Based on an average trading volume of 13,300 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.5% of the company’s shares are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Barclays PLC boosted its stake in shares of NACCO Industries by 365.4% during the 3rd quarter. Barclays PLC now owns 7,004 shares of the company’s stock valued at $199,000 after purchasing an additional 5,499 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in NACCO Industries by 77.8% in the third quarter. JPMorgan Chase & Co. now owns 8,263 shares of the company’s stock worth $234,000 after buying an additional 3,615 shares during the period. Empowered Funds LLC boosted its position in NACCO Industries by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 34,728 shares of the company’s stock valued at $985,000 after acquiring an additional 1,742 shares in the last quarter. Finally, State Street Corp grew its holdings in shares of NACCO Industries by 1.0% during the 3rd quarter. State Street Corp now owns 78,276 shares of the company’s stock worth $2,219,000 after acquiring an additional 763 shares during the period. Institutional investors own 49.10% of the company’s stock.

NACCO Industries Stock Down 1.9 %

Shares of NACCO Industries stock opened at $28.13 on Friday. The company’s 50 day moving average price is $30.35 and its 200-day moving average price is $29.14. NACCO Industries has a 52-week low of $25.19 and a 52-week high of $37.70. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.39 and a current ratio of 3.76. The stock has a market capitalization of $205.26 million, a price-to-earnings ratio of -12.12 and a beta of 0.96.

NACCO Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were issued a dividend of $0.2275 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.91 dividend on an annualized basis and a dividend yield of 3.23%. NACCO Industries’s dividend payout ratio is currently -39.22%.

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.