Saber Capital Managment LLC Invests $1.12 Million in NACCO Industries, Inc. $NC

Saber Capital Managment LLC acquired a new position in shares of NACCO Industries, Inc. (NYSE:NC) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 22,851 shares of the company’s stock, valued at approximately $1,121,000. NACCO Industries makes up approximately 0.9% of Saber Capital Managment LLC’s holdings, making the stock its 20th biggest position. Saber Capital Managment LLC owned approximately 0.31% of NACCO Industries at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Tower Research Capital LLC TRC grew its position in shares of NACCO Industries by 362.9% during the second quarter. Tower Research Capital LLC TRC now owns 1,583 shares of the company’s stock worth $70,000 after buying an additional 1,241 shares in the last quarter. Russell Investments Group Ltd. grew its position in shares of NACCO Industries by 1,788.9% during the third quarter. Russell Investments Group Ltd. now owns 2,040 shares of the company’s stock worth $86,000 after buying an additional 1,932 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of NACCO Industries during the fourth quarter worth about $122,000. Byrne Asset Management LLC grew its position in shares of NACCO Industries by 120.7% during the fourth quarter. Byrne Asset Management LLC now owns 3,200 shares of the company’s stock worth $157,000 after buying an additional 1,750 shares in the last quarter. Finally, Apeiron RIA LLC acquired a new position in shares of NACCO Industries during the fourth quarter worth about $223,000. 49.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded NACCO Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, May 28th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

NACCO Industries Price Performance

NC stock opened at $53.27 on Monday. The business has a 50 day moving average price of $50.30 and a 200 day moving average price of $50.50. The stock has a market cap of $401.66 million, a price-to-earnings ratio of 18.56 and a beta of 0.44. NACCO Industries, Inc. has a fifty-two week low of $35.43 and a fifty-two week high of $59.42. The company has a quick ratio of 2.35, a current ratio of 3.30 and a debt-to-equity ratio of 0.27.

NACCO Industries (NYSE:NC) last posted its earnings results on Tuesday, May 5th. The company reported $1.17 earnings per share for the quarter. The firm had revenue of $62.78 million during the quarter. NACCO Industries had a return on equity of 5.04% and a net margin of 7.84%.

NACCO Industries Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be paid a dividend of $0.2625 per share. The ex-dividend date is Monday, June 1st. This is a positive change from NACCO Industries’s previous quarterly dividend of $0.25. This represents a $1.05 annualized dividend and a yield of 2.0%. NACCO Industries’s dividend payout ratio (DPR) is presently 36.59%.

NACCO Industries Company Profile

NACCO Industries, Inc is a Cleveland, Ohio–based diversified holding company with a history spanning more than a century. Through its principal subsidiaries, the company operates in two primary business areas: coal mining and material-handling system design and manufacturing. Originally incorporated in 1913, NACCO has maintained a presence on the New York Stock Exchange under the ticker symbol NC since the 1920s, evolving its portfolio to meet changing market demands while preserving its core expertise in bulk commodities and industrial services.

The North American Coal Corporation, NACCO’s coal mining segment, is among the largest producers of lignite coal in the United States.