NACCO Industries, Inc. (NYSE:NC) was the target of a large growth in short interest during the month of June. As of June 30th, there was short interest totalling 46,300 shares, a growth of 28.6% from the May 30th total of 36,000 shares. Based on an average trading volume of 12,700 shares, the short-interest ratio is presently 3.6 days. Approximately 1.5% of the shares of the stock are sold short.
In related news, insider David F. Taplin sold 1,500 shares of the business’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $49.15, for a total transaction of $73,725.00. Following the sale, the insider now owns 17,972 shares in the company, valued at approximately $883,323.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 36.88% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. American Century Companies Inc. raised its stake in NACCO Industries by 1.0% during the 4th quarter. American Century Companies Inc. now owns 99,145 shares of the company’s stock worth $3,361,000 after buying an additional 1,005 shares during the period. Brandywine Global Investment Management LLC acquired a new position in NACCO Industries during the 4th quarter worth approximately $99,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in NACCO Industries during the 4th quarter worth approximately $210,000. Rhumbline Advisers acquired a new position in NACCO Industries during the 4th quarter worth approximately $206,000. Finally, LSV Asset Management raised its stake in NACCO Industries by 13.7% during the 1st quarter. LSV Asset Management now owns 85,643 shares of the company’s stock worth $3,273,000 after buying an additional 10,348 shares during the period. Hedge funds and other institutional investors own 39.37% of the company’s stock.
Separately, TheStreet upgraded Exantas Capital from a “d+” rating to a “c” rating in a research report on Thursday, May 2nd.
Shares of NYSE NC traded up $0.21 during trading on Friday, reaching $54.29. The company had a trading volume of 6,438 shares, compared to its average volume of 8,587. The company has a fifty day simple moving average of $50.97. NACCO Industries has a 12 month low of $28.77 and a 12 month high of $54.49. The company has a market cap of $379.49 million, a PE ratio of 9.06 and a beta of 0.19. The company has a current ratio of 3.31, a quick ratio of 2.65 and a debt-to-equity ratio of 0.08.
NACCO Industries (NYSE:NC) last released its quarterly earnings results on Wednesday, May 1st. The company reported $2.15 EPS for the quarter. NACCO Industries had a return on equity of 16.89% and a net margin of 28.85%. The firm had revenue of $40.10 million for the quarter.
The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date was Thursday, May 30th. This is a positive change from NACCO Industries’s previous quarterly dividend of $0.17.
NACCO Industries Company Profile
NACCO Industries, Inc, together with its subsidiaries, operates surface mines that supply bituminous coal and lignite primarily to power generation companies. The company mines coal in North Dakota, Texas, Mississippi, Louisiana, and on the Navajo Nation in New Mexico. It provides value-added services, including maintaining and operating draglines and other equipment under contracts with the sellers of aggregates; coal handling, processing, and drying services; and surface and mineral acquisition, and lease maintenance services.
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