NACCO Industries, Inc. (NC) Shares Bought by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company boosted its stake in shares of NACCO Industries, Inc. (NYSE:NC) by 15.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,560 shares of the company’s stock after acquiring an additional 467 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.05% of NACCO Industries worth $252,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Wells Fargo & Company MN boosted its stake in shares of NACCO Industries by 2.1% in the 2nd quarter. Wells Fargo & Company MN now owns 3,304 shares of the company’s stock valued at $234,000 after purchasing an additional 67 shares during the last quarter. IndexIQ Advisors LLC bought a new position in shares of NACCO Industries in the 2nd quarter valued at about $481,000. Nationwide Fund Advisors boosted its stake in shares of NACCO Industries by 10.9% in the 2nd quarter. Nationwide Fund Advisors now owns 7,119 shares of the company’s stock valued at $504,000 after purchasing an additional 700 shares during the last quarter. Teachers Advisors LLC boosted its stake in shares of NACCO Industries by 5.3% in the 2nd quarter. Teachers Advisors LLC now owns 7,540 shares of the company’s stock valued at $534,000 after purchasing an additional 381 shares during the last quarter. Finally, TIAA CREF Investment Management LLC boosted its stake in shares of NACCO Industries by 8.9% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 11,201 shares of the company’s stock valued at $794,000 after purchasing an additional 916 shares during the last quarter. 48.59% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NACCO Industries, Inc. (NYSE NC) traded down $0.80 during midday trading on Thursday, hitting $40.95. 39,400 shares of the stock traded hands, compared to its average volume of 75,720. The company has a market cap of $285.82, a price-to-earnings ratio of 6.97 and a beta of 0.37. The company has a quick ratio of 3.09, a current ratio of 3.80 and a debt-to-equity ratio of 0.28. NACCO Industries, Inc. has a one year low of $14.20 and a one year high of $48.85.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend is Thursday, November 30th. This is a positive change from NACCO Industries’s previous quarterly dividend of $0.06. NACCO Industries’s dividend payout ratio (DPR) is 30.56%.

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NACCO Industries Company Profile

NACCO Industries, Inc is a holding company. The Company’s principal business includes mining. The Company operates through the NACoal segment. The Company’s subsidiary includes The North American Coal Corporation (NACoal). The Company’s NACoal segment mines coal for use in power generation and provides mining services for other natural resources companies.

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

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