Number of Hedge Fund Holders: 4

Market Cap: $176.742 million

NACCO Industries, Inc. (NYSE: NC) is an Ohio-based company that ranks 10th in the list of 10 best coal stocks to buy now. Founded in 1913 and headquartered in Cleveland, NACCO Industries, engages in the mining and natural resources businesses. The company operates through three segments: Coal Mining, North American Mining, and Minerals Management. NACCO Industries, Inc. (NYSE: NC) recently announced a consolidated operating profit of $8.3 million and net income of $9.0 million, or $1.25 per diluted share, for the first quarter of 2021 compared with consolidated operating profit of $7.6 million and net income of $6.2 million, or $0.88 per diluted share, for the first quarter of 2020. In addition to the operating profit improvement, net income significantly increased mainly due to changes in the market value of equity securities held. Coal Mining revenues increased in the first quarter of 2021 from the first quarter of 2020 primarily because of reclamation revenue from Caddo Creek. The reclamation at Caddo Creek is expected to be completed in 2022. In 2021, NACCO Industries, Inc. (NYSE: NC) expects coal deliveries to be comparable to 2020 based on current expectations of customer requirements. The strong financial performance of NACCO Industries, Inc. (NC) makes it a great pick for investors today.

At the end of the fourth quarter of 2020, 4 hedge funds tracked by Insider Monkey held stakes worth $8.8 million in the firm.