Trexquant Investment LP Takes $282,000 Position in NACCO Industries, Inc. (NYSE:NC)

Trexquant Investment LP purchased a new position in shares of NACCO Industries, Inc. (NYSE:NC - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 9,443 shares of the company's stock, valued at approximately $282,000. Trexquant Investment LP owned 0.13% of NACCO Industries at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Geode Capital Management LLC grew its position in NACCO Industries by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 86,635 shares of the company's stock valued at $2,584,000 after buying an additional 783 shares during the last quarter. State Street Corp increased its stake in shares of NACCO Industries by 1.0% during the third quarter. State Street Corp now owns 78,276 shares of the company's stock worth $2,219,000 after acquiring an additional 763 shares during the period. Empowered Funds LLC raised its holdings in NACCO Industries by 4.9% during the fourth quarter. Empowered Funds LLC now owns 36,444 shares of the company's stock worth $1,087,000 after purchasing an additional 1,716 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in NACCO Industries by 2.3% in the 4th 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 in the last quarter. Finally, JPMorgan Chase & Co. increased its position in NACCO Industries by 97.6% during the 4th quarter. JPMorgan Chase & Co. now owns 16,325 shares of the company's stock worth $487,000 after purchasing an additional 8,062 shares during the period. 49.10% of the stock is owned by hedge funds and other institutional investors.

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NACCO Industries Price Performance

Shares of NYSE:NC traded down $0.84 on Thursday, reaching $36.90. 7,569 shares of the company were exchanged, compared to its average volume of 12,032. The company has a current ratio of 3.76, a quick ratio of 2.39 and a debt-to-equity ratio of 0.17. NACCO Industries, Inc. has a 1-year low of $25.19 and a 1-year high of $39.65. The company has a 50-day moving average of $33.30 and a 200-day moving average of $31.25. The firm has a market cap of $274.25 million, a price-to-earnings ratio of -15.93 and a beta of 0.69.

NACCO Industries (NYSE:NC - Get Free Report) last issued its earnings results on Wednesday, March 5th. The company reported $1.02 earnings per share (EPS) for the quarter. The company had revenue of $70.42 million during the quarter. NACCO Industries had a negative net margin of 7.94% and a positive return on equity of 8.87%.

NACCO Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a $0.2275 dividend. This represents a $0.91 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date was Monday, March 3rd. NACCO Industries's dividend payout ratio is currently 19.87%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded NACCO Industries from a "buy" rating to a "hold" rating in a research note on Saturday, March 29th.

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.