Bridgeway Capital Management LLC Sells 18,684 Shares of NACCO Industries, Inc. (NYSE:NC)

Bridgeway Capital Management LLC decreased its position in shares of NACCO Industries, Inc. (NYSE:NC - Free Report) by 20.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 72,059 shares of the company's stock after selling 18,684 shares during the quarter. Bridgeway Capital Management LLC owned 0.99% of NACCO Industries worth $2,149,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in NC. Trexquant Investment LP purchased a new stake in shares of NACCO Industries during the fourth quarter valued at $282,000. JPMorgan Chase & Co. boosted its holdings in shares of NACCO Industries by 97.6% during the 4th quarter. JPMorgan Chase & Co. now owns 16,325 shares of the company's stock valued at $487,000 after acquiring an additional 8,062 shares during the last quarter. Barclays PLC grew its stake in shares of NACCO Industries by 365.4% in the third quarter. Barclays PLC now owns 7,004 shares of the company's stock worth $199,000 after acquiring an additional 5,499 shares during the period. Empowered Funds LLC raised its holdings in shares of NACCO Industries by 4.9% during the fourth quarter. Empowered Funds LLC now owns 36,444 shares of the company's stock valued at $1,087,000 after purchasing an additional 1,716 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in NACCO Industries by 21.7% during the fourth quarter. Bank of America Corp DE now owns 6,504 shares of the company's stock valued at $194,000 after purchasing an additional 1,158 shares during the period. Institutional investors own 49.10% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com raised NACCO Industries from a "hold" rating to a "buy" rating in a report on Tuesday.

NACCO Industries Stock Performance

Shares of NYSE NC traded up $0.73 during midday trading on Wednesday, hitting $35.41. 7,681 shares of the company's stock traded hands, compared to its average volume of 14,708. The firm has a fifty day moving average of $34.33 and a 200 day moving average of $32.25. NACCO Industries, Inc. has a 1 year low of $25.19 and a 1 year high of $39.65. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.39 and a current ratio of 3.76. The stock has a market capitalization of $263.52 million, a price-to-earnings ratio of -15.26 and a beta of 0.54.

NACCO Industries (NYSE:NC - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.66 earnings per share for the quarter. The business had revenue of $65.57 million for the quarter. NACCO Industries had a negative net margin of 7.94% and a positive return on equity of 8.87%.

NACCO Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a $0.2275 dividend. This represents a $0.91 annualized dividend and a dividend yield of 2.57%. The ex-dividend date was Monday, March 3rd. NACCO Industries's dividend payout ratio (DPR) is currently 19.65%.

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.