MetLife Investment Management LLC bought a new stake in NACCO Industries, Inc. (NYSE:NC – Get Rating) during the 3rd quarter, Holdings Channel.com reports. The firm bought 2,150 shares of the company’s stock, valued at approximately $101,000.
Several other institutional investors have also added to or reduced their stakes in the stock. Acadian Asset Management LLC lifted its stake in NACCO Industries by 703.1% in the first quarter. Acadian Asset Management LLC now owns 11,107 shares of the company’s stock valued at $434,000 after buying an additional 9,724 shares during the period. Cubist Systematic Strategies LLC acquired a new position in NACCO Industries in the second quarter valued at approximately $231,000. AQR Capital Management LLC acquired a new position in NACCO Industries in the second quarter valued at approximately $222,000. Rhumbline Advisers acquired a new position in NACCO Industries in the second quarter valued at approximately $217,000. Finally, Citigroup Inc. acquired a new position in NACCO Industries in the first quarter valued at approximately $148,000. 36.37% of the stock is currently owned by institutional investors.
NACCO Industries Price Performance
Shares of NC opened at $39.40 on Monday. NACCO Industries, Inc. has a 52-week low of $28.66 and a 52-week high of $63.19. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.81 and a current ratio of 5.21. The business’s 50 day moving average price is $37.80 and its two-hundred day moving average price is $44.09. The firm has a market cap of $289.20 million, a PE ratio of 4.23 and a beta of 0.85.
NACCO Industries Dividend Announcement
Insider Transactions at NACCO Industries
In other news, insider Miles B. Haberer sold 1,202 shares of the company’s stock in a transaction that occurred on Wednesday, December 7th. The stock was sold at an average price of $45.60, for a total transaction of $54,811.20. Following the transaction, the insider now directly owns 7,169 shares of the company’s stock, valued at $326,906.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 40.72% of the stock is owned by insiders.
NACCO Industries Company Profile
NACCO Industries, Inc is a holding company, which engages in the management of surface mines that supply coal to power generation companies. It operates through the following segments: Coal Mining, North American Mining (NAMining), and Minerals Management. The Coal Mining segment includes surface coal mines under long-term contracts with power generation companies and activated carbon producers.
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