Mudita Advisors LLP Takes Position in NACCO Industries, Inc. $NC

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 acquired a new stake in NACCO Industries, Inc. (NYSE:NC - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 86,281 shares of the company's stock, valued at approximately $2,910,000. NACCO Industries makes up 1.5% of Mudita Advisors LLP's holdings, making the stock its 16th biggest holding. Mudita Advisors LLP owned 1.16% of NACCO Industries as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in NC. Tower Research Capital LLC TRC increased 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 in the last quarter. Byrne Asset Management LLC increased its position in shares of NACCO Industries by 105.6% in the first quarter. Byrne Asset Management LLC now owns 1,357 shares of the company's stock valued at $46,000 after buying an additional 697 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of NACCO Industries by 18.7% in the fourth quarter. Wells Fargo & Company MN now owns 2,503 shares of the company's stock valued at $75,000 after buying an additional 394 shares in the last quarter. Exchange Traded Concepts LLC boosted its stake in shares of NACCO Industries by 30.9% in the first quarter. Exchange Traded Concepts LLC now owns 2,366 shares of the company's stock worth $80,000 after acquiring an additional 559 shares during the last quarter. Finally, MetLife Investment Management LLC purchased a new stake in shares of NACCO Industries during the first quarter worth approximately $83,000. 49.10% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

NACCO Industries Price Performance

NC stock opened at $39.84 on Wednesday. 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 firm has a market capitalization of $296.85 million, a P/E ratio of 9.35 and a beta of 0.75. The business's 50-day moving average is $39.12 and its two-hundred day moving average is $36.73. NACCO Industries, Inc. has a 1 year low of $25.19 and a 1 year high of $45.50.

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

Insider Activity at NACCO Industries

In other news, SVP Elizabeth Loveman sold 3,208 shares of the stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $39.18, for a total value of $125,689.44. Following the transaction, the senior vice president owned 23,066 shares in the company, valued at approximately $903,725.88. This represents a 12.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 43.03% of the company's stock.

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.

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