Empowered Funds LLC Grows Stock Holdings in NACCO Industries, Inc. (NYSE:NC)

Posted by ABMN Staff on Nov 23rd, 2024

Empowered Funds LLC raised its stake in shares of NACCO Industries, Inc. (NYSE:NC – Free Report) by 5.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 34,728 shares of the company’s stock after acquiring an additional 1,742 shares during the period. Empowered Funds LLC owned approximately 0.47% of NACCO Industries worth $985,000 as of its most recent SEC filing.

Separately, BNP Paribas Financial Markets raised its stake in shares of NACCO Industries by 73.5% during the 1st quarter. BNP Paribas Financial Markets now owns 2,079 shares of the company’s stock worth $63,000 after buying an additional 881 shares in the last quarter. 49.10% of the stock is owned by hedge funds and other institutional investors.

NACCO Industries Stock Up 2.3 %

NC opened at $32.82 on Friday. NACCO Industries, Inc. has a 12 month low of $25.19 and a 12 month high of $38.66. 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 has a 50 day simple moving average of $28.65 and a 200-day simple moving average of $29.39. The stock has a market capitalization of $239.49 million, a P/E ratio of -14.00 and a beta of 0.95.

NACCO Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a dividend of $0.2275 per share. This represents a $0.91 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date is Monday, December 2nd. NACCO Industries’s dividend payout ratio is currently -39.22%.

NACCO Industries Profile

(Free Report)

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.