NACCO Industries (NYSE:NC) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s Why

NACCO Industries, Inc. (NYSE:NC)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $29.25 and traded as high as $33.78. NACCO Industries shares last traded at $32.26, with a volume of 17,053 shares.

NACCO Industries Price Performance

The stock’s fifty day moving average price is $27.82 and its 200-day moving average price is $29.27. The firm has a market cap of $232.14 million, a PE ratio of -13.61 and a beta of 0.95. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.76 and a quick ratio of 2.39.

NACCO Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd were paid a dividend of $0.2275 per share. This represents a $0.91 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend was Tuesday, September 3rd. NACCO Industries’s dividend payout ratio (DPR) is currently -39.22%.

Hedge Funds Weigh In On NACCO Industries

Institutional investors have recently bought and sold shares of the company. BNP Paribas Financial Markets lifted its stake in shares of NACCO Industries by 73.5% in the 1st quarter. BNP Paribas Financial Markets now owns 2,079 shares of the company’s stock valued at $63,000 after purchasing an additional 881 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of NACCO Industries by 8.0% in the 1st quarter. Empowered Funds LLC now owns 30,646 shares of the company’s stock worth $926,000 after acquiring an additional 2,275 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of NACCO Industries by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 210,072 shares of the company’s stock worth $6,344,000 after purchasing an additional 1,561 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.