Renaissance Technologies LLC Reduces Position in NACCO Industries, Inc. (NYSE:NC)

Renaissance Technologies LLC trimmed its stake in NACCO Industries, Inc. (NYSE:NC) by 4.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 191,018 shares of the company’s stock after selling 8,700 shares during the period. Renaissance Technologies LLC owned 2.56% of NACCO Industries worth $5,285,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of NC. Vanguard Group Inc. increased its holdings in NACCO Industries by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 210,072 shares of the company’s stock worth $6,344,000 after acquiring an additional 1,561 shares in the last quarter. Empowered Funds LLC increased its stake in shares of NACCO Industries by 8.0% in the first quarter. Empowered Funds LLC now owns 30,646 shares of the company’s stock worth $926,000 after purchasing an additional 2,275 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its position in shares of NACCO Industries by 73.5% during the 1st quarter. BNP Paribas Financial Markets now owns 2,079 shares of the company’s stock valued at $63,000 after purchasing an additional 881 shares during the period. 49.10% of the stock is owned by institutional investors.

NACCO Industries Stock Up 1.1 %

NC opened at $27.02 on Friday. NACCO Industries, Inc. has a fifty-two week low of $25.19 and a fifty-two week high of $38.66. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.80 and a current ratio of 2.82. The stock has a market cap of $198.56 million, a price-to-earnings ratio of -4.97 and a beta of 0.96. The firm’s fifty day moving average is $27.91 and its 200 day moving average is $29.35.

NACCO Industries (NYSE:NC) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.81 EPS for the quarter. NACCO Industries had a positive return on equity of 3.75% and a negative net margin of 17.83%. The business had revenue of $52.35 million for the quarter.

NACCO Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd were issued a dividend of $0.2275 per share. This represents a $0.91 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date of this dividend was Tuesday, September 3rd. NACCO Industries’s dividend payout ratio (DPR) is currently -16.73%.

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.