NACCO Industries, Inc. (NYSE:NC) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC lowered its position in shares of NACCO Industries, Inc. (NYSE:NC) by 7.5% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 85,852 shares of the company’s stock after selling 6,975 shares during the quarter. Geode Capital Management LLC’s holdings in NACCO Industries were worth $2,434,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Barclays PLC raised its position in NACCO Industries by 365.4% in the third quarter. Barclays PLC now owns 7,004 shares of the company’s stock worth $199,000 after acquiring an additional 5,499 shares in the last quarter. State Street Corp boosted its position in shares of NACCO Industries by 1.0% during the 3rd quarter. State Street Corp now owns 78,276 shares of the company’s stock worth $2,219,000 after purchasing an additional 763 shares in the last quarter. Finally, Empowered Funds LLC grew its stake in shares of NACCO Industries by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 34,728 shares of the company’s stock worth $985,000 after purchasing an additional 1,742 shares during the period. Institutional investors and hedge funds own 49.10% of the company’s stock.

NACCO Industries Stock Down 0.8 %

Shares of NYSE NC opened at $31.06 on Wednesday. The stock has a market capitalization of $226.64 million, a price-to-earnings ratio of -13.39 and a beta of 0.97. NACCO Industries, Inc. has a 52 week low of $25.19 and a 52 week high of $37.70. The firm has a 50-day moving average price of $30.66 and a 200 day moving average price of $29.07. The company has a quick ratio of 2.39, a current ratio of 3.76 and a debt-to-equity ratio of 0.17.

NACCO Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were given a dividend of $0.2275 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.91 dividend on an annualized basis and a dividend yield of 2.93%. NACCO Industries’s payout ratio is -39.22%.

About NACCO Industries

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.