NACCO Industries (NYSE:NC) Stock Crosses Below 200-Day Moving Average of $33.95

NACCO Industries, Inc. (NYSE:NC)’s stock price 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.

Analyst Ratings Changes

Separately, TheStreet lowered NACCO Industries from a “b-” rating to a “c+” rating in a research note on Thursday, March 7th.

NACCO Industries Stock Down 1.6 %

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 business has a 50-day moving average price of $31.00 and a 200-day moving average price of $33.95. The firm has a market capitalization of $206.40 million, a PE ratio of -5.20 and a beta of 0.81.

NACCO Industries (NYSE:NC) last released its quarterly earnings results on Wednesday, March 6th. The company reported $1.08 EPS for the quarter. The company had revenue of $56.76 million for the quarter. NACCO Industries had a positive return on equity of 2.97% and a negative net margin of 18.43%.

NACCO Industries Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, March 4th were issued a dividend of $0.2175 per share. This represents a $0.87 annualized dividend and a dividend yield of 3.16%. The ex-dividend date of this dividend was Friday, March 1st. NACCO Industries’s payout ratio is -16.45%.

Insider Buying and Selling

In related news, SVP Thomas A. Maxwell sold 866 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $29.64, for a total value of $25,668.24. Following the completion of the sale, the senior vice president now owns 8,834 shares in the company, valued at $261,839.76. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 40.72% of the company’s stock.

Institutional Trading of NACCO Industries

A number of institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its position in NACCO Industries by 0.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 444,392 shares of the company’s stock worth $16,030,000 after purchasing an additional 2,748 shares during the last quarter. BlackRock Inc. increased its stake in shares of NACCO Industries by 3.3% during the 2nd quarter. BlackRock Inc. now owns 293,948 shares of the company’s stock worth $10,188,000 after purchasing an additional 9,478 shares during the last quarter. Renaissance Technologies LLC grew its stake in NACCO Industries by 6.3% in the 1st quarter. Renaissance Technologies LLC now owns 263,415 shares of the company’s stock valued at $10,331,000 after buying an additional 15,597 shares during the last quarter. Vanguard Group Inc. boosted its holdings in NACCO Industries by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 208,511 shares of the company’s stock valued at $7,611,000 after purchasing an additional 3,847 shares during the period. Finally, Bridgeway Capital Management LLC lifted its holdings in shares of NACCO Industries by 3.0% during the 4th quarter. Bridgeway Capital Management LLC now owns 84,386 shares of the company’s stock worth $3,080,000 after acquiring an additional 2,496 shares during the period. 49.10% of the stock is owned by hedge funds and other institutional investors.

About NACCO Industries

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.