Ancora Advisors LLC Invests $2.80 Million in NACCO Industries, Inc. $NC

Key Points

• Ancora Advisors initiated a $2.80 million position in NACCO Industries, purchasing 55,903 shares, or approximately 0.74% of the company. Institutional investors collectively own 49.10% of NACCO’s stock.
• NACCO reported a quarterly loss of $0.13 per share on revenue of $72.31 million, with a 4.00% return on equity and a 6.21% net margin.
• The company declared a quarterly dividend of $0.2625 per share, equivalent to $1.05 annually and a 2.5% yield. The stock has a consensus Hold rating, while Weiss Ratings recently downgraded it from “hold (c+)” to “hold (c).”

Ancora Advisors LLC purchased a new stake in shares of NACCO Industries, Inc. (NYSE:NC - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 55,903 shares of the company's stock, valued at approximately $2,798,000. Ancora Advisors LLC owned about 0.74% of NACCO Industries at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of NC. Geode Capital Management LLC boosted its stake in NACCO Industries by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 95,345 shares of the company's stock worth $4,677,000 after buying an additional 2,507 shares during the period. Bridgeway Capital Management LLC raised its holdings in shares of NACCO Industries by 2.3% in the 3rd quarter. Bridgeway Capital Management LLC now owns 76,959 shares of the company's stock valued at $3,245,000 after buying an additional 1,722 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of NACCO Industries by 1.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 48,413 shares of the company's stock valued at $2,516,000 after buying an additional 604 shares during the period. Empowered Funds LLC lifted its stake in NACCO Industries by 6.9% during the 1st quarter. Empowered Funds LLC now owns 38,972 shares of the company's stock worth $1,315,000 after acquiring an additional 2,528 shares in the last quarter. Finally, Saber Capital Managment LLC acquired a new position in NACCO Industries during the 4th quarter worth about $1,121,000. Hedge funds and other institutional investors own 49.10% of the company's stock.

NACCO Industries Price Performance

Shares of NC opened at $42.65 on Thursday. The company has a debt-to-equity ratio of 0.26, a current ratio of 3.30 and a quick ratio of 2.33. NACCO Industries, Inc. has a 1-year low of $37.76 and a 1-year high of $59.42. The stock has a market cap of $321.88 million, a PE ratio of 18.54 and a beta of 0.45. The firm has a fifty day moving average price of $46.45 and a 200 day moving average price of $49.84.

NACCO Industries (NYSE:NC - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported ($0.13) earnings per share (EPS) for the quarter. NACCO Industries had a return on equity of 4.00% and a net margin of 6.21%.The firm had revenue of $72.31 million for the quarter.

NACCO Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be paid a dividend of $0.2625 per share. The ex-dividend date is Monday, August 31st. This represents a $1.05 dividend on an annualized basis and a yield of 2.5%. NACCO Industries's dividend payout ratio is currently 45.65%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded shares of NACCO Industries from a "hold (c+)" rating to a "hold (c)" rating in a research note on Tuesday, August 11th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold".

NACCO Industries Profile

NACCO Industries, Inc is a Cleveland, Ohio–based diversified holding company with a history spanning more than a century. Through its principal subsidiaries, the company operates in two primary business areas: coal mining and material-handling system design and manufacturing. Originally incorporated in 1913, NACCO has maintained a presence on the New York Stock Exchange under the ticker symbol NC since the 1920s, evolving its portfolio to meet changing market demands while preserving its core expertise in bulk commodities and industrial services.

The North American Coal Corporation, NACCO's coal mining segment, is among the largest producers of lignite coal in the United States.

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