Bridgeway Capital Management LLC Sells 18,684 Shares of NACCO Industries, Inc. (NYSE:NC)

Bridgeway Capital Management LLC reduced its stake in NACCO Industries, Inc. (NYSE:NC) by 20.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 72,059 shares of the company’s stock after selling 18,684 shares during the period. Bridgeway Capital Management LLC owned 0.99% of NACCO Industries worth $2,149,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in NC. Bank of America Corp DE raised its position in shares of NACCO Industries by 21.7% during the fourth quarter. Bank of America Corp DE now owns 6,504 shares of the company’s stock worth $194,000 after purchasing an additional 1,158 shares during the period. Tower Research Capital LLC TRC raised its holdings in NACCO Industries by 232.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,225 shares of the company’s stock worth $37,000 after buying an additional 857 shares during the last quarter. Barclays PLC lifted its stake in shares of NACCO Industries by 11.0% in the fourth quarter. Barclays PLC now owns 7,771 shares of the company’s stock valued at $232,000 after buying an additional 767 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of NACCO Industries by 18.7% during the fourth quarter. Wells Fargo & Company MN now owns 2,503 shares of the company’s stock valued at $75,000 after buying an additional 394 shares during the last quarter. Finally, Trexquant Investment LP bought a new stake in shares of NACCO Industries during the fourth quarter worth about $282,000. Institutional investors and hedge funds own 49.10% of the company’s stock.

Analyst Upgrades and Downgrades

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

NACCO Industries Stock Up 1.2 %

Shares of NYSE:NC opened at $33.89 on Friday. The business’s 50 day moving average is $34.26 and its 200 day moving average is $32.12. NACCO Industries, Inc. has a 12-month low of $25.19 and a 12-month high of $39.65. The stock has a market cap of $251.87 million, a price-to-earnings ratio of -14.61 and a beta of 0.54. 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 (NYSE:NC) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.66 earnings per share (EPS) for the quarter. NACCO Industries had a negative net margin of 7.94% and a positive return on equity of 8.87%. The firm had revenue of $65.57 million for the quarter.

NACCO Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a dividend of $0.2275 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.91 dividend on an annualized basis and a yield of 2.69%. NACCO Industries’s dividend payout ratio (DPR) is currently 19.65%.

NACCO Industries 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.