Prudential Financial Inc. cut its stake in shares of NACCO Industries, Inc. (NYSE:NC) by 16.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,434 shares of the company’s stock after selling 3,300 shares during the quarter. Prudential Financial Inc. owned 0.31% of NACCO Industries worth $1,164,000 as of its most recent SEC filing.

Separately, Bowling Portfolio Management LLC lifted its holdings in shares of NACCO Industries by 87.1% during the second quarter. Bowling Portfolio Management LLC now owns 16,447 shares of the company’s stock worth $1,165,000 after purchasing an additional 7,658 shares during the period. Hedge funds and other institutional investors own 49.23% of the company’s stock.

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Shares of NACCO Industries, Inc. (NYSE:NC) opened at 32.20 on Thursday. The firm has a market capitalization of $220.12 million, a P/E ratio of 6.21 and a beta of 0.67. The company’s 50 day moving average price is $18.66 and its 200 day moving average price is $16.95. NACCO Industries, Inc. has a one year low of $14.20 and a one year high of $35.25.

The business also recently disclosed a dividend, which was paid on Monday, October 2nd. Investors of record on Monday, October 2nd were paid a dividend of $100.00 per share. The ex-dividend date of this dividend was Monday, October 2nd. NACCO Industries’s payout ratio is currently 40.15%.

Several equities research analysts recently weighed in on NC shares. BidaskClub downgraded NACCO Industries from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. TheStreet downgraded NACCO Industries from a “b-” rating to a “c” rating in a report on Monday, July 31st.

NACCO Industries Company Profile

NACCO Industries, Inc is a holding company. The Company’s principal businesses include mining, small appliances and specialty retail. The Company operates through three segments: NACoal, HBB and KC. The Company’s subsidiaries include The North American Coal Corporation (NACoal), Hamilton Beach Brands, Inc (HBB) and Kitchen Collection, LLC (KC).

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

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