Renaissance Technologies LLC Sells 20,518 Shares of NACCO Industries, Inc. (NYSE:NC)

Renaissance Technologies LLC decreased its stake in NACCO Industries, Inc. (NYSE:NC - Free Report) by 10.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 181,418 shares of the company's stock after selling 20,518 shares during the quarter. Renaissance Technologies LLC owned approximately 2.49% of NACCO Industries worth $5,410,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in NC. Wells Fargo & Company MN raised its position 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 valued at $75,000 after purchasing an additional 394 shares during the period. Trexquant Investment LP purchased a new stake in NACCO Industries in the 4th quarter worth $282,000. Geode Capital Management LLC raised its holdings in NACCO Industries by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 86,635 shares of the company's stock valued at $2,584,000 after acquiring an additional 783 shares during the period. JPMorgan Chase & Co. lifted its position in shares of NACCO Industries by 97.6% in the fourth 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 in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of NACCO Industries by 2.3% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 19,079 shares of the company's stock worth $569,000 after acquiring an additional 424 shares during the period. Institutional investors own 49.10% of the company's stock.

NACCO Industries Price Performance

Shares of NC stock traded down $0.78 during mid-day trading on Friday, hitting $35.10. The company had a trading volume of 1,244 shares, compared to its average volume of 15,031. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.76 and a quick ratio of 2.39. The stock's 50 day moving average price is $33.85 and its 200-day moving average price is $31.61. NACCO Industries, Inc. has a 52-week low of $25.19 and a 52-week high of $39.65. The company has a market capitalization of $260.86 million, a P/E ratio of -15.13 and a beta of 0.69.

NACCO Industries (NYSE:NC - Get Free Report) last announced its quarterly earnings results on Wednesday, March 5th. The company reported $1.02 EPS for the quarter. The business had revenue of $70.42 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 Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a dividend of $0.2275 per share. This represents a $0.91 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date was Monday, March 3rd. NACCO Industries's payout ratio is presently 19.87%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded NACCO Industries from a "buy" rating to a "hold" rating in a research note on Saturday, March 29th.

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.