Victory Capital Management Inc. bought a new stake in NACCO Industries, Inc. (NYSE:NC – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,946 shares of the company’s stock, valued at approximately $102,000.
A number of other hedge funds have also recently added to or reduced their stakes in NC. State Street Corp lifted its holdings in shares of NACCO Industries by 249.4% during the second quarter. State Street Corp now owns 70,035 shares of the company’s stock worth $2,654,000 after purchasing an additional 49,991 shares during the period. Northern Trust Corp lifted its holdings in shares of NACCO Industries by 165.2% during the second quarter. Northern Trust Corp now owns 42,151 shares of the company’s stock worth $1,598,000 after purchasing an additional 26,256 shares during the period. EA Series Trust acquired a new position in shares of NACCO Industries during the second quarter worth $826,000. BlackRock Inc. lifted its holdings in shares of NACCO Industries by 9.0% during the third quarter. BlackRock Inc. now owns 284,571 shares of the company’s stock worth $13,384,000 after purchasing an additional 23,422 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in shares of NACCO Industries by 6.3% during the first quarter. Renaissance Technologies LLC now owns 263,415 shares of the company’s stock worth $10,331,000 after purchasing an additional 15,597 shares during the period. Institutional investors and hedge funds own 34.09% of the company’s stock.
Wall Street Analyst Weigh In
Separately, StockNews.com initiated coverage on shares of NACCO Industries in a report on Thursday, October 5th. They set a “hold” rating on the stock.
NACCO Industries Price Performance
NC stock opened at $34.62 on Monday. The firm has a market cap of $260.34 million, a price-to-earnings ratio of 14.25 and a beta of 0.85. The company has a quick ratio of 5.25, a current ratio of 4.24 and a debt-to-equity ratio of 0.04. NACCO Industries, Inc. has a 12-month low of $29.37 and a 12-month high of $55.38. The company’s fifty day simple moving average is $33.97 and its 200 day simple moving average is $34.05.
NACCO Industries Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Tuesday, September 5th were issued a $0.2175 dividend. The ex-dividend date was Friday, September 1st. This represents a $0.87 annualized dividend and a yield of 2.51%. NACCO Industries’s payout ratio is 35.80%.
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 for power generation companies and an activated carbon producer in North Dakota, Texas, Mississippi, and Louisiana, as well as Navajo Nation in New Mexico.
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