JB Capital Partners LP acquired a new stake in North American Construction Group Ltd. (NYSE:NOA - Free Report) TSE: NOA in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 20,000 shares of the oil and gas company's stock, valued at approximately $432,000. JB Capital Partners LP owned 0.07% of North American Construction Group at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of the company. Public Employees Retirement System of Ohio purchased a new stake in North American Construction Group in the 3rd quarter worth approximately $185,000. Stephens Inc. AR purchased a new stake in shares of North American Construction Group in the fourth quarter worth $204,000. Geode Capital Management LLC raised its position in shares of North American Construction Group by 14.9% in the third quarter. Geode Capital Management LLC now owns 14,138 shares of the oil and gas company's stock worth $264,000 after buying an additional 1,838 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in North American Construction Group during the fourth quarter valued at $269,000. Finally, Northwest & Ethical Investments L.P. grew its position in North American Construction Group by 122.0% during the fourth quarter. Northwest & Ethical Investments L.P. now owns 14,612 shares of the oil and gas company's stock worth $314,000 after buying an additional 8,029 shares in the last quarter. Hedge funds and other institutional investors own 74.99% of the company's stock.
North American Construction Group Price Performance
Shares of NYSE:NOA traded down $0.32 during trading on Monday, reaching $13.95. The company had a trading volume of 167,893 shares, compared to its average volume of 66,893. The company has a fifty day moving average of $17.54 and a two-hundred day moving average of $19.00. The company has a current ratio of 1.13, a quick ratio of 0.88 and a debt-to-equity ratio of 1.85. The stock has a market capitalization of $428.24 million, a P/E ratio of 9.68 and a beta of 1.16. North American Construction Group Ltd. has a 12 month low of $13.65 and a 12 month high of $22.85.
North American Construction Group Cuts Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Thursday, March 13th will be given a dividend of $0.084 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.34 dividend on an annualized basis and a yield of 2.41%. North American Construction Group's payout ratio is 28.70%.
Wall Street Analyst Weigh In
Separately, Raymond James raised North American Construction Group from a "moderate buy" rating to a "strong-buy" rating in a report on Tuesday, January 21st. One investment analyst has rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Buy".
Check Out Our Latest Stock Report on NOA
North American Construction Group Profile
(
Free Report)
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.
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