Dimensional Fund Advisors LP Sells 12,274 Shares of NACCO Industries, Inc. (NYSE:NC)

Dimensional Fund Advisors LP decreased its stake in shares of NACCO Industries, Inc. (NYSE:NC) by 2.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 418,006 shares of the company’s stock after selling 12,274 shares during the period. Dimensional Fund Advisors LP owned about 0.06% of NACCO Industries worth $12,465,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wells Fargo & Company MN raised its holdings in shares of NACCO Industries by 18.7% during the 4th quarter. Wells Fargo & Company MN now owns 2,503 shares of the company’s stock worth $75,000 after acquiring an additional 394 shares in the last quarter. Barclays PLC grew its holdings in shares of NACCO Industries by 365.4% in the third quarter. Barclays PLC now owns 7,004 shares of the company’s stock valued at $199,000 after purchasing an additional 5,499 shares in the last quarter. JPMorgan Chase & Co. increased its position in NACCO Industries by 77.8% in the third quarter. JPMorgan Chase & Co. now owns 8,263 shares of the company’s stock worth $234,000 after purchasing an additional 3,615 shares during the last quarter. Trexquant Investment LP purchased a new stake in NACCO Industries during the fourth quarter valued at $282,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in NACCO Industries by 2.3% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 19,079 shares of the company’s stock valued at $569,000 after purchasing an additional 424 shares during the last quarter. Institutional investors own 49.10% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of NACCO Industries from a “buy” rating to a “hold” rating in a report on Saturday, March 29th.

NACCO Industries Trading Up 1.2 %

Shares of NYSE NC opened at $33.89 on Friday. NACCO Industries, Inc. has a 1-year low of $25.19 and a 1-year high of $39.65. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.76 and a quick ratio of 2.39. The business’s 50 day moving average is $34.26 and its two-hundred day moving average is $32.12. The stock has a market capitalization of $251.87 million, a P/E ratio of -14.61 and a beta of 0.54.

NACCO Industries (NYSE:NC) last released its earnings results on Wednesday, April 30th. The company reported $0.66 earnings per share for the quarter. The firm had revenue of $65.57 million for the quarter. NACCO Industries had a positive return on equity of 8.87% and a negative net margin of 7.94%.

NACCO Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a $0.2275 dividend. This represents a $0.91 annualized dividend and a dividend yield of 2.69%. The ex-dividend date of this dividend was Monday, March 3rd. NACCO Industries’s dividend payout ratio is currently 19.65%.

NACCO Industries Company Profile

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.