MetLife Investment Management LLC Buys New Position in NACCO Industries, Inc. (NYSE:NC)

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

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 15th. Stockholders of record on Tuesday, March 7th will be given a dividend of $0.207 per share. This represents a $0.83 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date is Monday, March 6th. NACCO Industries’s payout ratio is 8.92%.

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

(Get Rating)

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.