Short Interest in NACCO Industries, Inc. (NYSE:NC) Grows By 37.8%

NACCO Industries, Inc. (NYSE:NC) was the recipient of a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 71,400 shares, a growth of 37.8% from the September 30th total of 51,800 shares. Based on an average daily volume of 15,300 shares, the short-interest ratio is presently 4.7 days. Currently, 2.3% of the company’s stock are sold short.

In related news, VP Elizabeth Loveman sold 500 shares of the stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $50.42, for a total transaction of $25,210.00. Following the completion of the transaction, the vice president now directly owns 8,806 shares of the company’s stock, valued at $443,998.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 36.88% of the company’s stock.

Large investors have recently modified their holdings of the stock. KBC Group NV acquired a new stake in NACCO Industries during the second quarter worth approximately $36,000. Aperio Group LLC acquired a new stake in shares of NACCO Industries in the 2nd quarter valued at $71,000. Marshall Wace LLP boosted its holdings in shares of NACCO Industries by 386.3% in the 1st quarter. Marshall Wace LLP now owns 4,649 shares of the company’s stock valued at $178,000 after purchasing an additional 3,693 shares in the last quarter. Winmill & CO. Inc. acquired a new stake in shares of NACCO Industries in the 3rd quarter valued at $192,000. Finally, Alambic Investment Management L.P. acquired a new stake in shares of NACCO Industries in the 2nd quarter valued at $233,000. 39.75% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE NC traded up $0.95 during trading hours on Tuesday, reaching $48.24. 11 shares of the stock were exchanged, compared to its average volume of 19,407. The firm has a market capitalization of $322.47 million, a price-to-earnings ratio of 7.29 and a beta of 0.11. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.79 and a current ratio of 3.42. NACCO Industries has a 52 week low of $30.30 and a 52 week high of $66.40. The stock’s fifty day simple moving average is $59.24 and its 200 day simple moving average is $52.54.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date is Wednesday, November 27th.

About NACCO Industries

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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