Exchange Traded Concepts LLC Grows Position in NACCO Industries, Inc. (NYSE:NC)

Exchange Traded Concepts LLC boosted its stake in shares of NACCO Industries, Inc. (NYSE:NC) by 30.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,366 shares of the company’s stock after purchasing an additional 559 shares during the period. Exchange Traded Concepts LLC’s holdings in NACCO Industries were worth $80,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Byrne Asset Management LLC boosted its holdings in NACCO Industries by 105.6% during the first quarter. Byrne Asset Management LLC now owns 1,357 shares of the company’s stock worth $46,000 after buying an additional 697 shares in the last quarter. Two Sigma Advisers LP raised its position in shares of NACCO Industries by 3.4% in the fourth quarter. Two Sigma Advisers LP now owns 21,316 shares of the company’s stock valued at $636,000 after buying an additional 700 shares during the last quarter. Bank of America Corp DE raised its position in shares of NACCO Industries by 21.7% in the fourth quarter. Bank of America Corp DE now owns 6,504 shares of the company’s stock valued at $194,000 after buying an additional 1,158 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of NACCO Industries by 232.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,225 shares of the company’s stock valued at $37,000 after buying an additional 857 shares during the last quarter. Finally, Barclays PLC increased its position in NACCO Industries by 11.0% during the fourth quarter. Barclays PLC now owns 7,771 shares of the company’s stock worth $232,000 after purchasing an additional 767 shares during the last quarter. 49.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of NACCO Industries from a “hold” rating to a “buy” rating in a research report on Sunday, June 15th.

NACCO Industries Trading Up 3.8%

NYSE NC opened at $41.29 on Wednesday. The firm has a 50 day simple moving average of $36.28 and a 200-day simple moving average of $33.46. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.47 and a current ratio of 3.42. NACCO Industries, Inc. has a one year low of $25.19 and a one year high of $41.54. The firm has a market cap of $307.17 million, a price-to-earnings ratio of 8.92 and a beta of 0.61.

NACCO Industries (NYSE:NC) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.66 earnings per share (EPS) for the quarter. NACCO Industries had a net margin of 13.63% and a return on equity of 8.54%. The company had revenue of $65.57 million during the quarter.

NACCO Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, May 30th were paid a $0.2525 dividend. This is a boost from NACCO Industries’s previous quarterly dividend of $0.23. This represents a $1.01 annualized dividend and a yield of 2.45%. The ex-dividend date was Friday, May 30th. NACCO Industries’s payout ratio is currently 21.81%.

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 with power generation companies.