Proficio Capital Partners LLC Takes Position in North American Construction Group Ltd. (NYSE:NOA)

Proficio Capital Partners LLC purchased a new stake in North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 12,435 shares of the oil and gas company’s stock, valued at approximately $269,000.

Other large investors have also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio acquired a new stake in North American Construction Group in the 3rd quarter valued at about $185,000. Stephens Inc. AR acquired a new stake in North American Construction Group in the 4th quarter valued at about $204,000. Geode Capital Management LLC grew its stake in North American Construction Group by 14.9% in the 3rd quarter. Geode Capital Management LLC now owns 14,138 shares of the oil and gas company’s stock valued at $264,000 after acquiring an additional 1,838 shares during the last quarter. PDT Partners LLC grew its stake in North American Construction Group by 45.6% in the 3rd quarter. PDT Partners LLC now owns 17,155 shares of the oil and gas company’s stock valued at $321,000 after acquiring an additional 5,371 shares during the last quarter. Finally, Tranquility Partners LLC grew its stake in North American Construction Group by 11.5% in the 4th quarter. Tranquility Partners LLC now owns 14,926 shares of the oil and gas company’s stock valued at $323,000 after acquiring an additional 1,538 shares during the last quarter. 74.99% of the stock is owned by institutional investors and hedge funds.

North American Construction Group Trading Up 0.1 %

NYSE NOA opened at $15.90 on Wednesday. North American Construction Group Ltd. has a one year low of $15.62 and a one year high of $25.92. The company’s 50 day moving average price is $19.34 and its 200 day moving average price is $19.35. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.88 and a current ratio of 1.13. The firm has a market capitalization of $441.56 million, a price-to-earnings ratio of 11.04 and a beta of 1.42.

North American Construction Group Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Thursday, March 13th will be given a dividend of $0.084 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 2.11%. North American Construction Group’s payout ratio is currently 22.92%.

Analyst Ratings Changes

Several equities research analysts have issued reports on NOA shares. Raymond James raised shares of North American Construction Group from a “moderate buy” rating to a “strong-buy” rating in a research note on Tuesday, January 21st. Cibc World Mkts upgraded shares of North American Construction Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 5th. Finally, CIBC upgraded shares of North American Construction Group from a “neutral” rating to a “sector outperform” rating in a report on Thursday, December 5th. One research analyst has rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, North American Construction Group currently has a consensus rating of “Buy”.

About North American Construction Group

North American Construction Group Ltd. provides mining and heavy civil construction services to customers in the resource development and industrial construction sectors in Australia, Canada, and the United States. The company operates Heavy Equipment – Canada, Heavy Equipment – Australia, and Other segments.