Renaissance Technologies LLC Sells 20,518 Shares of NACCO Industries, Inc. (NYSE:NC)

Renaissance Technologies LLC trimmed its position in NACCO Industries, Inc. (NYSE:NC) by 10.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 181,418 shares of the company’s stock after selling 20,518 shares during the quarter. Renaissance Technologies LLC owned 2.49% of NACCO Industries worth $5,410,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN grew its stake in shares of NACCO Industries by 18.7% in the fourth quarter. Wells Fargo & Company MN now owns 2,503 shares of the company’s stock valued at $75,000 after acquiring an additional 394 shares in the last quarter. Barclays PLC grew its position in shares of NACCO Industries by 365.4% during the 3rd quarter. Barclays PLC now owns 7,004 shares of the company’s stock worth $199,000 after purchasing an additional 5,499 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of NACCO Industries by 77.8% during the third quarter. JPMorgan Chase & Co. now owns 8,263 shares of the company’s stock worth $234,000 after purchasing an additional 3,615 shares during the period. Trexquant Investment LP acquired a new stake in shares of NACCO Industries in the fourth quarter valued at approximately $282,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of NACCO Industries by 2.3% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 19,079 shares of the company’s stock valued at $569,000 after buying an additional 424 shares during the period. Institutional investors own 49.10% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com downgraded NACCO Industries from a “buy” rating to a “hold” rating in a research report on Saturday, March 29th.

NACCO Industries Price Performance

Shares of NYSE:NC opened at $36.79 on Monday. The firm has a 50 day moving average of $33.50 and a 200-day moving average of $31.43. NACCO Industries, Inc. has a 12 month low of $25.19 and a 12 month high of $39.65. The company has a current ratio of 3.76, a quick ratio of 2.39 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $273.39 million, a PE ratio of -15.86 and a beta of 0.69.

NACCO Industries (NYSE:NC) last issued its earnings results on Wednesday, March 5th. The company reported $1.02 earnings per share for the quarter. NACCO Industries had a positive return on equity of 8.87% and a negative net margin of 7.94%. The firm had revenue of $70.42 million for the quarter.

NACCO Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a $0.2275 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.91 dividend on an annualized basis and a dividend yield of 2.47%. NACCO Industries’s dividend payout ratio (DPR) is currently 19.87%.

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.