NACCO Industries, Inc. (NYSE:NC) Stock Holdings Lowered by Acadian Asset Management LLC

Acadian Asset Management LLC lowered its position in shares of NACCO Industries, Inc. (NYSE:NC) by 3.6% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 50,059 shares of the company’s stock after selling 1,883 shares during the period. Acadian Asset Management LLC owned 0.67% of NACCO Industries worth $1,804,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. American Century Companies Inc. grew its position in shares of NACCO Industries by 8.6% during the first quarter. American Century Companies Inc. now owns 39,946 shares of the company’s stock worth $1,484,000 after acquiring an additional 3,171 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in NACCO Industries by 1.9% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 20,395 shares of the company’s stock valued at $736,000 after buying an additional 375 shares in the last quarter. Gladius Capital Management LP bought a new position in NACCO Industries in the 1st quarter valued at about $35,000. Clearstead Advisors LLC grew its position in NACCO Industries by 361.0% in the 1st quarter. Clearstead Advisors LLC now owns 922 shares of the company’s stock valued at $33,000 after buying an additional 722 shares in the last quarter. Finally, Barclays PLC grew its position in NACCO Industries by 90.3% in the 1st quarter. Barclays PLC now owns 2,072 shares of the company’s stock valued at $74,000 after buying an additional 983 shares in the last quarter. Institutional investors own 34.09% of the company’s stock.

NACCO Industries Stock Performance

Shares of NC opened at $32.41 on Friday. The firm has a 50-day moving average price of $34.46 and a 200 day moving average price of $34.96. The firm has a market capitalization of $243.72 million, a PE ratio of 7.38 and a beta of 0.83. The company has a quick ratio of 5.25, a current ratio of 6.99 and a debt-to-equity ratio of 0.05. NACCO Industries, Inc. has a 52-week low of $29.37 and a 52-week high of $61.51.

NACCO Industries (NYSE:NC) last posted its quarterly earnings data on Wednesday, August 2nd. The company reported $0.34 earnings per share for the quarter. NACCO Industries had a net margin of 13.77% and a return on equity of 8.37%. The company had revenue of $61.35 million during the quarter.

NACCO Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Tuesday, September 5th will be given a dividend of $0.2175 per share. The ex-dividend date is Friday, September 1st. This represents a $0.87 annualized dividend and a dividend yield of 2.68%. NACCO Industries’s dividend payout ratio (DPR) is 19.82%.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of NACCO Industries in a research report on Thursday, August 17th. They issued a “hold” rating for the company.

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 for power generation companies and an activated carbon producer in North Dakota, Texas, Mississippi, and Louisiana, as well as Navajo Nation in New Mexico.