86,281 Shares in NACCO Industries, Inc. $NC Purchased by Mudita Advisors LLP

Key Points

• Mudita Advisors LLP acquired a new stake in NACCO Industries, purchasing 86,281 shares valued at approximately $2.9 million, making it their 16th largest holding.
• Recently, Wall Street analysts downgraded NACCO Industries from a "buy" rating to a "hold" rating, indicating a shift in market sentiment.
• NACCO Industries announced a quarterly dividend of $0.2525, representing an annualized dividend of $1.01 with a yield of 2.5%, to be paid on September 15th.

Mudita Advisors LLP purchased a new stake in NACCO Industries, Inc. (NYSE:NC - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 86,281 shares of the company's stock, valued at approximately $2,910,000. NACCO Industries accounts for 1.5% of Mudita Advisors LLP's holdings, making the stock its 16th biggest position. Mudita Advisors LLP owned approximately 1.16% of NACCO Industries at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NC. Tower Research Capital LLC TRC grew its holdings in NACCO Industries by 232.9% in the 4th 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 period. Byrne Asset Management LLC grew its holdings in shares of NACCO Industries by 105.6% during the 1st quarter. Byrne Asset Management LLC now owns 1,357 shares of the company's stock worth $46,000 after purchasing an additional 697 shares during the period. Wells Fargo & Company MN grew its holdings in shares of NACCO Industries by 18.7% during the 4th quarter. Wells Fargo & Company MN now owns 2,503 shares of the company's stock worth $75,000 after purchasing an additional 394 shares during the period. Exchange Traded Concepts LLC grew its holdings in shares of NACCO Industries by 30.9% during the 1st quarter. Exchange Traded Concepts LLC now owns 2,366 shares of the company's stock worth $80,000 after purchasing an additional 559 shares during the period. Finally, MetLife Investment Management LLC purchased a new stake in shares of NACCO Industries during the 1st quarter worth about $83,000. Hedge funds and other institutional investors own 49.10% of the company's stock.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other NACCO Industries news, SVP Elizabeth Loveman sold 3,208 shares of the firm's stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $39.18, for a total value of $125,689.44. Following the sale, the senior vice president directly owned 23,066 shares in the company, valued at approximately $903,725.88. This trade represents a 12.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 43.03% of the stock is owned by corporate insiders.

NACCO Industries Stock Performance

Shares of NC stock traded up $1.22 on Monday, hitting $41.03. 2,992 shares of the stock traded hands, compared to its average volume of 9,880. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.91 and a quick ratio of 2.90. The company has a market capitalization of $305.64 million, a PE ratio of 9.63 and a beta of 0.75. NACCO Industries, Inc. has a 1-year low of $25.52 and a 1-year high of $45.50. The company's fifty day moving average is $38.98 and its 200 day moving average is $36.92.

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

NACCO Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Tuesday, September 2nd will be given a dividend of $0.2525 per share. This represents a $1.01 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Tuesday, September 2nd. NACCO Industries's dividend payout ratio is currently 23.71%.

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.