Mackay Shields LLC Buys 1,300 Shares of NACCO Industries, Inc. (NYSE:NC)

Mackay Shields LLC lifted its stake in shares of NACCO Industries, Inc. (NYSE:NC) by 8.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 17,425 shares of the company’s stock after acquiring an additional 1,300 shares during the period. Mackay Shields LLC’s holdings in NACCO Industries were worth $1,114,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. KBC Group NV bought a new stake in shares of NACCO Industries during the 2nd quarter worth about $36,000. Aperio Group LLC bought a new stake in shares of NACCO Industries during the 2nd quarter worth about $71,000. Winmill & CO. Inc. bought a new stake in shares of NACCO Industries during the 3rd quarter worth about $192,000. Alambic Investment Management L.P. bought a new stake in shares of NACCO Industries during the 2nd quarter worth about $233,000. Finally, Marshall Wace LLP boosted its stake in shares of NACCO Industries by 386.3% during the 1st quarter. Marshall Wace LLP now owns 4,649 shares of the company’s stock worth $178,000 after acquiring an additional 3,693 shares in the last quarter. Institutional investors own 39.75% of the company’s stock.

In related news, VP Elizabeth Loveman sold 500 shares of the stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $50.42, for a total transaction of $25,210.00. Following the completion of the sale, the vice president now owns 8,806 shares in the company, valued at approximately $443,998.52. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 36.88% of the stock is owned by corporate insiders.

NC opened at $49.01 on Friday. The company has a market cap of $335.33 million, a PE ratio of 7.58 and a beta of 0.11. The stock has a 50-day moving average of $58.58 and a 200-day moving average of $52.69. NACCO Industries, Inc. has a 52-week low of $30.30 and a 52-week high of $66.40. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.79 and a current ratio of 3.42.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.76 annualized dividend and a dividend yield of 1.55%.

NACCO Industries Profile

NACCO Industries, Inc, together with its subsidiaries, operates surface mines that supply bituminous coal and lignite primarily to power generation companies. The company mines coal in North Dakota, Texas, Mississippi, Louisiana, and on the Navajo Nation in New Mexico. It provides value-added services, including maintaining and operating draglines and other equipment under contracts with the sellers of aggregates; coal handling, processing, and drying services; and surface and mineral acquisition, and lease maintenance services.

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Institutional Ownership by Quarter for NACCO Industries (NYSE:NC)

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