NACCO Industries, Inc. (NYSE:NC) Short Interest Down 17.6% in May

NACCO Industries, Inc. (NYSE:NC - Get Free Report) was the target of a large drop in short interest during the month of May. As of May 15th, there was short interest totalling 31,900 shares, a drop of 17.6% from the April 30th total of 38,700 shares. Approximately 1.1% of the shares of the company are short sold. Based on an average daily volume of 12,800 shares, the short-interest ratio is currently 2.5 days.

Institutional Trading of NACCO Industries

Institutional investors have recently modified their holdings of the company. Empowered Funds LLC boosted its position in NACCO Industries by 4.9% in the fourth quarter. Empowered Funds LLC now owns 36,444 shares of the company's stock valued at $1,087,000 after buying an additional 1,716 shares in the last quarter. Barclays PLC lifted its holdings in NACCO Industries by 11.0% in the fourth quarter. Barclays PLC now owns 7,771 shares of the company's stock valued at $232,000 after buying an additional 767 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in NACCO Industries by 2.3% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 19,079 shares of the company's stock valued at $569,000 after acquiring an additional 424 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in NACCO Industries by 232.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,225 shares of the company's stock valued at $37,000 after acquiring an additional 857 shares during the last quarter. Finally, Trexquant Investment LP acquired a new stake in NACCO Industries during the 4th quarter worth $282,000. Institutional investors and hedge funds own 49.10% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised NACCO Industries from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th.

NACCO Industries Price Performance

Shares of NC traded up $0.49 during midday trading on Thursday, reaching $36.45. The stock had a trading volume of 4,747 shares, compared to its average volume of 14,368. NACCO Industries has a 52 week low of $25.19 and a 52 week high of $39.65. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.76 and a quick ratio of 2.39. The firm's 50 day moving average price is $35.33 and its 200-day moving average price is $32.88. The company has a market capitalization of $271.22 million, a P/E ratio of -15.71 and a beta of 0.54.

NACCO Industries (NYSE:NC - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $0.66 earnings per share (EPS) for the quarter. The company had revenue of $65.57 million for the quarter. NACCO Industries had a positive return on equity of 8.87% and a negative net margin of 7.94%.

NACCO Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be paid a $0.2525 dividend. This is an increase from NACCO Industries's previous quarterly dividend of $0.23. The ex-dividend date is Friday, May 30th. This represents a $1.01 annualized dividend and a dividend yield of 2.77%. NACCO Industries's dividend payout ratio (DPR) is presently 21.81%.

NACCO Industries Company Profile

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.