MetLife Investment Management LLC Invests $101,000 in NACCO Industries, Inc. (NYSE:NC)

MetLife Investment Management LLC bought a new position in shares of NACCO Industries, Inc. (NYSE:NC – Get Rating) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,150 shares of the company’s stock, valued at approximately $101,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of NC. JPMorgan Chase & Co. raised its stake in NACCO Industries by 34.0% in the first quarter. JPMorgan Chase & Co. now owns 1,005 shares of the company’s stock valued at $40,000 after purchasing an additional 255 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in NACCO Industries by 1,355.5% in the second quarter. BNP Paribas Arbitrage SA now owns 1,863 shares of the company’s stock valued at $71,000 after purchasing an additional 1,735 shares in the last quarter. American International Group Inc. acquired a new position in NACCO Industries in the second quarter valued at about $72,000. Ellevest Inc. raised its stake in NACCO Industries by 9,413.6% in the third quarter. Ellevest Inc. now owns 2,093 shares of the company’s stock valued at $98,000 after purchasing an additional 2,071 shares in the last quarter. Finally, Citigroup Inc. acquired a new position in NACCO Industries in the first quarter valued at about $148,000. Institutional investors and hedge funds own 36.37% of the company’s stock.

NACCO Industries Stock Performance

NACCO Industries stock opened at $39.40 on Monday. NACCO Industries, Inc. has a 12-month low of $28.66 and a 12-month high of $63.19. The company has a quick ratio of 3.81, a current ratio of 5.21 and a debt-to-equity ratio of 0.04. The business’s 50-day moving average price is $37.80 and its two-hundred day moving average price is $44.09. The stock has a market cap of $289.20 million, a PE ratio of 4.23 and a beta of 0.85.

NACCO Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 15th. Shareholders of record on Tuesday, March 7th will be given a $0.207 dividend. This represents a $0.83 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date is Monday, March 6th. NACCO Industries’s dividend payout ratio is presently 8.92%.

Insider Buying and Selling at NACCO Industries

In other news, insider Miles B. Haberer sold 1,202 shares of the business’s stock in a transaction dated Wednesday, December 7th. The stock was sold at an average price of $45.60, for a total transaction of $54,811.20. Following the sale, the insider now directly owns 7,169 shares in the company, valued at $326,906.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 40.72% of the company’s stock.

NACCO Industries Profile

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NACCO Industries, Inc is a holding company, which engages in the management of surface mines that supply coal to power generation companies. It operates through the following segments: Coal Mining, North American Mining (NAMining), and Minerals Management. The Coal Mining segment includes surface coal mines under long-term contracts with power generation companies and activated carbon producers.