Rhumbline Advisers Reduces Position in NACCO Industries, Inc. (NC)
Rhumbline Advisers decreased its holdings in NACCO Industries, Inc. (NYSE:NC) by 6.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,796 shares of the company’s stock after selling 412 shares during the quarter. Rhumbline Advisers owned 0.11% of NACCO Industries worth $411,000 at the end of the most recent reporting period.
Separately, Spark Investment Management LLC raised its stake in NACCO Industries by 14.2% during the 2nd quarter. Spark Investment Management LLC now owns 18,500 shares of the company’s stock worth $1,310,000 after acquiring an additional 2,300 shares during the period. Institutional investors and hedge funds own 49.23% of the company’s stock.
A number of equities research analysts have commented on NC shares. BidaskClub cut shares of NACCO Industries from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. TheStreet cut shares of NACCO Industries from a “b-” rating to a “c” rating in a research note on Monday, July 31st.
Shares of NACCO Industries, Inc. (NYSE NC) opened at 33.00 on Friday. NACCO Industries, Inc. has a 52-week low of $14.20 and a 52-week high of $35.25. The stock’s 50 day moving average is $19.65 and its 200 day moving average is $17.18. The company has a market cap of $225.59 million, a PE ratio of 6.36 and a beta of 0.67.
The business also recently disclosed a dividend, which was paid on Monday, October 2nd. Shareholders of record on Monday, October 2nd were given a $100.00 dividend. The ex-dividend date was Monday, October 2nd. NACCO Industries’s dividend payout ratio is presently 40.15%.
About NACCO Industries
NACCO Industries, Inc is a holding company. The Company’s principal businesses include mining, small appliances and specialty retail. The Company operates through three segments: NACoal, HBB and KC. The Company’s subsidiaries include The North American Coal Corporation (NACoal), Hamilton Beach Brands, Inc (HBB) and Kitchen Collection, LLC (KC).
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 Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NACCO Industries Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.