Goldman Sachs Group Inc. lowered its stake in NACCO Industries, Inc. (NYSE:NC) by 35.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,022 shares of the company’s stock after selling 4,461 shares during the quarter. Goldman Sachs Group Inc. owned about 0.12% of NACCO Industries worth $568,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Zuckerman Investment Group LLC lifted its position in NACCO Industries by 6.1% in the second quarter. Zuckerman Investment Group LLC now owns 371,017 shares of the company’s stock valued at $26,287,000 after buying an additional 21,306 shares during the last quarter. FMR LLC lifted its position in shares of NACCO Industries by 30.1% during the second quarter. FMR LLC now owns 289,830 shares of the company’s stock worth $20,534,000 after purchasing an additional 67,030 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of NACCO Industries by 4.2% during the second quarter. Vanguard Group Inc. now owns 213,267 shares of the company’s stock worth $15,109,000 after purchasing an additional 8,681 shares in the last quarter. Northern Trust Corp lifted its position in shares of NACCO Industries by 6.9% during the second quarter. Northern Trust Corp now owns 55,291 shares of the company’s stock worth $3,918,000 after purchasing an additional 3,562 shares in the last quarter. Finally, Nationwide Fund Advisors lifted its position in shares of NACCO Industries by 10.9% during the second quarter. Nationwide Fund Advisors now owns 7,119 shares of the company’s stock worth $504,000 after purchasing an additional 700 shares in the last quarter. 49.29% of the stock is currently owned by institutional investors.
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NC has been the topic of several research reports. BidaskClub cut shares of NACCO Industries from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. TheStreet cut shares of NACCO Industries from a “b-” rating to a “c” rating in a research report on Monday, July 31st.
Shares of NACCO Industries, Inc. (NYSE:NC) opened at $43.20 on Friday. The stock has a market cap of $295.32, a PE ratio of 7.21 and a beta of 0.34. NACCO Industries, Inc. has a 1 year low of $14.20 and a 1 year high of $44.29. The company has a debt-to-equity ratio of 0.28, a quick ratio of 3.09 and a current ratio of 3.80.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.53%. The ex-dividend date is Thursday, November 30th. This is a boost from NACCO Industries’s previous quarterly dividend of $0.06. NACCO Industries’s dividend payout ratio is currently 32.10%.
About NACCO Industries
NACCO Industries, Inc is a holding company. The Company’s principal business includes mining. The Company operates through the NACoal segment. The Company’s subsidiary includes The North American Coal Corporation (NACoal). The Company’s NACoal segment mines coal for use in power generation and provides mining services for other natural resources companies.
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