Two Sigma Advisers LP Raises Stake in NACCO Industries, Inc. (NYSE:NC)

Two Sigma Advisers LP boosted its position in NACCO Industries, Inc. (NYSE:NC) by 3.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,316 shares of the company’s stock after buying an additional 700 shares during the quarter. Two Sigma Advisers LP owned approximately 0.29% of NACCO Industries worth $636,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of NC. Empowered Funds LLC lifted its stake in NACCO Industries by 4.9% in the fourth quarter. Empowered Funds LLC now owns 36,444 shares of the company’s stock worth $1,087,000 after acquiring an additional 1,716 shares during the period. Barclays PLC lifted its stake in NACCO Industries by 11.0% in the fourth quarter. Barclays PLC now owns 7,771 shares of the company’s stock worth $232,000 after acquiring an additional 767 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its stake in 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 worth $569,000 after acquiring an additional 424 shares during the period. Tower Research Capital LLC TRC lifted its stake 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 worth $37,000 after acquiring an additional 857 shares during the period. Finally, Trexquant Investment LP bought a new position in NACCO Industries in the fourth quarter worth $282,000. Hedge funds and other institutional investors own 49.10% of the company’s stock.

NACCO Industries Price Performance

NC opened at $37.15 on Wednesday. The stock has a fifty day simple moving average of $35.23 and a two-hundred day simple moving average of $32.82. 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 company has a market cap of $276.47 million, a price-to-earnings ratio of -16.01 and a beta of 0.54. NACCO Industries, Inc. has a 12-month low of $25.19 and a 12-month high of $39.65.

NACCO Industries (NYSE:NC) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.66 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 $65.57 million during the quarter.

NACCO Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.2525 per share. The ex-dividend date of this dividend is Friday, May 30th. This is an increase from NACCO Industries’s previous quarterly dividend of $0.23. This represents a $1.01 annualized dividend and a dividend yield of 2.72%. NACCO Industries’s dividend payout ratio (DPR) is presently 21.81%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded NACCO Industries from a “hold” rating to a “buy” rating in a report on Tuesday, May 13th.

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.