Nuveen LLC Takes Position in NACCO Industries, Inc. $NC

Key Points

• Nuveen LLC purchased 13,194 shares of NACCO Industries, valued at approximately $445,000, representing 0.18% ownership as of the latest SEC filing.
• Institutional investors currently own 49.10% of NACCO Industries, with notable investments by Wells Fargo, Barclays, and Tower Research.
• NACCO Industries reported a quarterly earnings per share of $0.44 and declared a dividend of $0.2525, indicating a 2.6% dividend yield.

Nuveen LLC purchased a new position in shares of NACCO Industries, Inc. (NYSE:NC - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 13,194 shares of the company's stock, valued at approximately $445,000. Nuveen LLC owned 0.18% of NACCO Industries at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of NC. PNC Financial Services Group Inc. raised its holdings in shares of NACCO Industries by 343.5% in the first quarter. PNC Financial Services Group Inc. now owns 69,556 shares of the company's stock valued at $2,346,000 after buying an additional 53,873 shares during the last quarter. Exchange Traded Concepts LLC increased its position in NACCO Industries by 30.9% in the 1st quarter. Exchange Traded Concepts LLC now owns 2,366 shares of the company's stock valued at $80,000 after acquiring an additional 559 shares during the period. Byrne Asset Management LLC increased its position in NACCO Industries by 105.6% in the 1st quarter. Byrne Asset Management LLC now owns 1,357 shares of the company's stock valued at $46,000 after acquiring an additional 697 shares during the period. Two Sigma Advisers LP raised its stake in NACCO Industries by 3.4% during the 4th quarter. Two Sigma Advisers LP now owns 21,316 shares of the company's stock valued at $636,000 after acquiring an additional 700 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in NACCO Industries by 21.7% during the 4th quarter. Bank of America Corp DE now owns 6,504 shares of the company's stock worth $194,000 after acquiring an additional 1,158 shares during the period. 49.10% of the stock is owned by hedge funds and other institutional investors.

NACCO Industries Stock Performance

NC traded down $0.08 during trading on Wednesday, reaching $39.63. The company's stock had a trading volume of 7,300 shares, compared to its average volume of 6,835. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.90 and a current ratio of 3.91. The company's fifty day moving average price is $39.06 and its 200-day moving average price is $36.75. NACCO Industries, Inc. has a 52-week low of $25.22 and a 52-week high of $45.50. The company has a market capitalization of $295.24 million, a price-to-earnings ratio of 9.30 and a beta of 0.75.

NACCO Industries (NYSE:NC - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.44 EPS for the quarter. NACCO Industries had a return on equity of 7.72% and a net margin of 11.79%.The business had revenue of $68.24 million during the quarter.

NACCO Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd will be issued a $0.2525 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $1.01 dividend on an annualized basis and a yield of 2.5%. NACCO Industries's dividend payout ratio (DPR) is 23.71%.

Insider Activity at NACCO Industries

In other news, SVP Elizabeth Loveman sold 3,208 shares of the company's stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $39.18, for a total transaction of $125,689.44. Following the transaction, the senior vice president directly owned 23,066 shares of the company's stock, valued at $903,725.88. This represents a 12.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 43.03% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered NACCO Industries from a "buy" rating to a "hold" rating in a report on Saturday, August 9th.

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.