12,435 Shares in North American Construction Group Ltd. (NYSE:NOA) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new position in shares of North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 12,435 shares of the oil and gas company’s stock, valued at approximately $269,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio acquired a new stake in shares of North American Construction Group during the 3rd quarter worth about $185,000. Stephens Inc. AR purchased a new position in North American Construction Group during the fourth quarter worth about $204,000. Geode Capital Management LLC increased its position in shares of North American Construction Group by 14.9% during the third 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 raised its stake in shares of 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 period. Finally, Tranquility Partners LLC lifted its holdings in shares of 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 worth $323,000 after acquiring an additional 1,538 shares during the last quarter. Hedge funds and other institutional investors own 74.99% of the company’s stock.

North American Construction Group Trading Up 3.9 %

Shares of NOA stock opened at $17.00 on Thursday. North American Construction Group Ltd. has a fifty-two week low of $15.09 and a fifty-two week high of $23.71. The company has a 50 day moving average price of $18.23 and a 200 day moving average price of $19.12. The stock has a market capitalization of $472.15 million, a P/E ratio of 11.80 and a beta of 1.42. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.88 and a current ratio of 1.13.

North American Construction Group Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Thursday, March 13th will be paid a $0.084 dividend. The ex-dividend date is Thursday, March 13th. This represents a $0.34 annualized dividend and a dividend yield of 1.98%. North American Construction Group’s dividend payout ratio (DPR) is 28.70%.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Raymond James upgraded shares of North American Construction Group from a “moderate buy” rating to a “strong-buy” rating in a report on Tuesday, January 21st. Cibc World Mkts upgraded North American Construction Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 5th. Finally, CIBC upgraded North American Construction Group from a “neutral” rating to a “sector outperform” rating in a report on Thursday, December 5th. One investment analyst has rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average 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.