It is currently trading at $41.60 quite a bit above $30.10, the 50 day moving average and which is significantly higher than the 200 day moving average of $19.88. The 50 day moving average was up by +38.20% and the 200 day average moved up $21.72. Trading was light with 27K shares changing hands in the last trading session. Volume was down 42.63% under the stocks average daily volume.
Short traders are more bearish on shares of NACCO Industries, Inc. recently as implied by the motion in short interest. The stock saw a rise in short interest between September 29, 2017 and October 13, 2017 of 75.68%. Short interest increased from 110,166 to 193,538 over that period. With short interest at 193,538 and short average daily volume at 81,150, the short-interest ratio is 2.0 and the percentage of shorted shares is 0.03% as of October 13.
The following firms have recently changed their position in NC. Meeder Asset Management Inc added to its investment by buying 1 shares an increase of 10.0% as of 09/30/2017. Meeder Asset Management Inc controls 11 shares with a value of $1,000. The value of the position overall is down by 0.0%. As of the end of the quarter Bowling Portfolio Management LLC had bought 314 shares growing its position 1.9%. The value of the company’s investment in NACCO Industries, Inc. increased from $1,165,000 to $1,438,000 increasing 23.4% quarter over quarter.
As of quarter end Strs Ohio had disposed of a total of 500 shares trimming its stake by 5.9%. The value of the total investment in NACCO Industries, Inc. went from $602,000 to $156,000 a change of $446,000 for the reporting period. As of quarter end Nationwide Fund Advisors had disposed of a total of 100 shares trimming its holdings by 1.4%. The value of the investment in NACCO Industries, Inc. went from $504,000 to $602,000 a change of 19.4% quarter to quarter.
The company is trading up since yesterday’s close of $41.60. Additionally NACCO Industries, Inc. announced a dividend paid on Friday the 15th of September 2017. The dividend was $0.273 per share for the quarter or $1.09 on an annualized basis. This dividend amount was represent a yield of $2.66. The ex-dividend date was set for Wednesday the 30th of August 2017.
The P/E ratio is 8.02 and the market cap of the company is 284.38M.
NACCO Industries, Inc., launched on February 18, 1986, is a holding company. The Business’s principal businesses include mining, small appliances and specialty retail. The Company operates through three segments: NACoal, HBB and KC. The Business’s subsidiaries include The North American Coal Corporation (NACoal), Hamilton Beach Brands, Inc. (HBB) and Kitchen Collection, LLC (KC)..