NACCO Industries (NYSE:NC) Shares Pass Below Two Hundred Day Moving Average of $33.95

NACCO Industries, Inc. (NYSE:NC - Get Free Report) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $33.95 and traded as low as $27.51. NACCO Industries shares last traded at $27.52, with a volume of 16,386 shares changing hands.

Wall Street Analyst Weigh In

Separately, TheStreet downgraded shares of NACCO Industries from a "b-" rating to a "c+" rating in a report on Thursday, March 7th.

NACCO Industries Trading Up 2.1 %

The company has a quick ratio of 2.21, a current ratio of 3.31 and a debt-to-equity ratio of 0.06. The firm has a market cap of $212.33 million, a P/E ratio of -5.35 and a beta of 0.81. The company's 50 day simple moving average is $30.84 and its 200-day simple moving average is $33.90.

NACCO Industries (NYSE:NC - Get Free Report) last announced its quarterly earnings data on Wednesday, March 6th. The company reported $1.08 earnings per share (EPS) for the quarter. The business had revenue of $56.76 million during the quarter. NACCO Industries had a negative net margin of 18.43% and a positive return on equity of 2.97%.

NACCO Industries Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were given a dividend of $0.2175 per share. This represents a $0.87 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date was Friday, March 1st. NACCO Industries's dividend payout ratio (DPR) is presently -16.45%.

Insider Transactions at NACCO Industries

In related news, SVP Thomas A. Maxwell sold 866 shares of NACCO Industries stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $29.64, for a total transaction of $25,668.24. Following the transaction, the senior vice president now directly owns 8,834 shares of the company's stock, valued at $261,839.76. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 40.72% of the company's stock.

Hedge Funds Weigh In On NACCO Industries

Institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. grew its holdings in NACCO Industries by 34.0% in the first quarter. JPMorgan Chase & Co. now owns 1,005 shares of the company's stock worth $40,000 after purchasing an additional 255 shares during the last quarter. Barclays PLC grew its holdings in NACCO Industries by 533.1% in the fourth quarter. Barclays PLC now owns 1,089 shares of the company's stock worth $41,000 after purchasing an additional 917 shares during the last quarter. Citigroup Inc. grew its holdings in NACCO Industries by 62,650.0% in the second quarter. Citigroup Inc. now owns 1,255 shares of the company's stock worth $43,000 after purchasing an additional 1,253 shares during the last quarter. Wells Fargo & Company MN grew its holdings in NACCO Industries by 95.7% in the second quarter. Wells Fargo & Company MN now owns 1,804 shares of the company's stock worth $63,000 after purchasing an additional 882 shares during the last quarter. Finally, BNP Paribas Arbitrage SA grew its holdings in NACCO Industries by 1,355.5% in the second quarter. BNP Paribas Arbitrage SA now owns 1,863 shares of the company's stock worth $71,000 after purchasing an additional 1,735 shares during the last quarter. 49.10% of the stock is owned by hedge funds and other institutional investors.

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.