Geode Capital Management LLC Decreases Position in NACCO Industries, Inc. (NYSE:NC)

Geode Capital Management LLC reduced its stake in NACCO Industries, Inc. (NYSE:NC) by 7.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 85,852 shares of the company’s stock after selling 6,975 shares during the period. Geode Capital Management LLC owned 1.18% of NACCO Industries worth $2,434,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Barclays PLC grew its stake in NACCO Industries by 365.4% during the 3rd quarter. Barclays PLC now owns 7,004 shares of the company’s stock worth $199,000 after buying an additional 5,499 shares during the last quarter. Empowered Funds LLC lifted its stake in NACCO Industries by 5.3% in the third quarter. Empowered Funds LLC now owns 34,728 shares of the company’s stock valued at $985,000 after buying an additional 1,742 shares during the last quarter. Finally, State Street Corp boosted its holdings in shares of NACCO Industries by 1.0% in the third quarter. State Street Corp now owns 78,276 shares of the company’s stock valued at $2,219,000 after acquiring an additional 763 shares during the period. Institutional investors and hedge funds own 49.10% of the company’s stock.

NACCO Industries Stock Performance

Shares of NC opened at $31.06 on Wednesday. The company’s 50 day simple moving average is $30.66 and its 200-day simple moving average is $29.07. The firm has a market cap of $226.64 million, a PE ratio of -13.39 and a beta of 0.97. NACCO Industries, Inc. has a 12-month low of $25.19 and a 12-month high of $37.70. The company has a current ratio of 3.76, a quick ratio of 2.39 and a debt-to-equity ratio of 0.17.

NACCO Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were paid a $0.2275 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.91 dividend on an annualized basis and a yield of 2.93%. NACCO Industries’s dividend payout ratio is presently -39.22%.

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.