NACCO Industries (NYSE:NC) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

NACCO Industries, Inc. (NYSE:NC) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $29.58 and traded as high as $32.79. NACCO Industries shares last traded at $31.56, with a volume of 5,537 shares trading hands.

NACCO Industries Trading Up 1.0 %

The company has a quick ratio of 2.39, a current ratio of 3.76 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $233.87 million, a price-to-earnings ratio of -13.81 and a beta of 0.97. The business has a 50-day moving average of $31.15 and a two-hundred day moving average of $29.59.

NACCO Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.2275 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.91 dividend on an annualized basis and a yield of 2.84%. NACCO Industries’s dividend payout ratio is currently -39.22%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Barclays PLC raised its stake in NACCO Industries by 365.4% during the third quarter. Barclays PLC now owns 7,004 shares of the company’s stock worth $199,000 after acquiring an additional 5,499 shares in the last quarter. State Street Corp grew its holdings in shares of NACCO Industries by 1.0% in the 3rd quarter. State Street Corp now owns 78,276 shares of the company’s stock worth $2,219,000 after purchasing an additional 763 shares during the last quarter. Empowered Funds LLC increased its position in shares of NACCO Industries by 4.9% during the 4th quarter. Empowered Funds LLC now owns 36,444 shares of the company’s stock worth $1,087,000 after purchasing an additional 1,716 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in NACCO Industries by 77.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,263 shares of the company’s stock valued at $234,000 after purchasing an additional 3,615 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in NACCO Industries by 232.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,225 shares of the company’s stock valued at $37,000 after buying an additional 857 shares in the last quarter. Institutional investors own 49.10% of the company’s stock.

NACCO Industries Company Profile

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.