Bank of New York Mellon Corp boosted its stake in shares of NACCO Industries, Inc. (NYSE:NC) by 3.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 51,327 shares of the company’s stock after acquiring an additional 1,735 shares during the quarter. Bank of New York Mellon Corp’s holdings in NACCO Industries were worth $1,732,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently modified their holdings of NC. UBS Group AG lifted its holdings in NACCO Industries by 110.3% in the 1st quarter. UBS Group AG now owns 25,837 shares of the company’s stock worth $849,000 after buying an additional 13,549 shares during the period. Prudential Financial Inc. lifted its holdings in NACCO Industries by 45.6% in the 1st quarter. Prudential Financial Inc. now owns 18,844 shares of the company’s stock worth $619,000 after buying an additional 5,900 shares during the period. Finally, Hartford Investment Management Co. purchased a new stake in NACCO Industries in the 2nd quarter worth approximately $220,000. Institutional investors own 44.88% of the company’s stock.
In other NACCO Industries news, insider Frank F. Taplin sold 1,925 shares of the stock in a transaction that occurred on Friday, August 3rd. The stock was sold at an average price of $35.67, for a total value of $68,664.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Martha S. Kelly sold 1,000 shares of the stock in a transaction that occurred on Friday, August 17th. The stock was sold at an average price of $34.63, for a total value of $34,630.00. Following the completion of the sale, the insider now owns 7,550 shares of the company’s stock, valued at approximately $261,456.50. The disclosure for this sale can be found here. Company insiders own 35.92% of the company’s stock.
NYSE NC opened at $30.26 on Friday. NACCO Industries, Inc. has a fifty-two week low of $30.06 and a fifty-two week high of $48.85. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.32 and a quick ratio of 2.68. The company has a market capitalization of $227.38 million, a price-to-earnings ratio of 9.81 and a beta of 0.59.
NACCO Industries (NYSE:NC) last released its quarterly earnings data on Wednesday, August 1st. The company reported $0.92 earnings per share for the quarter. NACCO Industries had a return on equity of 10.46% and a net margin of 29.26%. The business had revenue of $33.68 million during the quarter.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 14th. Shareholders of record on Friday, August 31st were issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 2.18%. The ex-dividend date was Thursday, August 30th.
About NACCO Industries
NACCO Industries, Inc operates primarily in the mining industry. The company mines coal in North Dakota, Texas, Mississippi, Louisiana, and on the Navajo Nation in New Mexico for power generation. It provides value-added services, including maintaining and operating draglines for independently owned lime rock quarries; coal handling, processing, and drying services; and surface and mineral acquisition, and lease maintenance services.
Recommended Story: Buyback For Investors Defined
Want to see what other hedge funds are holding NC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NACCO Industries, Inc. (NYSE:NC).
Receive News & Ratings for NACCO Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NACCO Industries and related companies with MarketBeat.com's FREE daily email newsletter.