JB Capital Partners LP Invests $432,000 in North American Construction Group Ltd. (NYSE:NOA)

JB Capital Partners LP purchased a new position in North American Construction Group Ltd. (NYSE:NOA - Free Report) TSE: NOA during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 20,000 shares of the oil and gas company's stock, valued at approximately $432,000. JB Capital Partners LP owned about 0.07% of North American Construction Group as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in NOA. National Bank of Canada FI raised its holdings in North American Construction Group by 69.1% in the third quarter. National Bank of Canada FI now owns 1,177,109 shares of the oil and gas company's stock worth $22,012,000 after purchasing an additional 480,885 shares during the period. Hillsdale Investment Management Inc. acquired a new stake in North American Construction Group during the 4th quarter worth $8,134,000. Arrowstreet Capital Limited Partnership lifted its holdings in North American Construction Group by 562.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 150,707 shares of the oil and gas company's stock worth $3,245,000 after acquiring an additional 127,971 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in North American Construction Group by 31.1% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 427,153 shares of the oil and gas company's stock valued at $9,194,000 after acquiring an additional 101,400 shares during the period. Finally, Alberta Investment Management Corp increased its holdings in shares of North American Construction Group by 7.2% in the fourth quarter. Alberta Investment Management Corp now owns 1,057,254 shares of the oil and gas company's stock worth $22,774,000 after acquiring an additional 71,454 shares in the last quarter. 74.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Raymond James upgraded North American Construction Group from a "moderate buy" rating to a "strong-buy" rating in a report on Tuesday, January 21st. One research 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 company. Based on data from MarketBeat.com, North American Construction Group currently has a consensus rating of "Buy".

North American Construction Group Stock Up 0.9 %

NOA traded up $0.12 during trading on Wednesday, hitting $13.56. The company had a trading volume of 30,108 shares, compared to its average volume of 67,295. The firm's 50-day moving average price is $17.18 and its 200 day moving average price is $18.90. The company has a market capitalization of $416.17 million, a PE ratio of 9.41 and a beta of 1.16. The company has a quick ratio of 0.88, a current ratio of 1.13 and a debt-to-equity ratio of 1.85. North American Construction Group Ltd. has a one year low of $12.36 and a one year high of $22.66.

North American Construction Group Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Thursday, March 13th will be issued a $0.084 dividend. The ex-dividend date is Thursday, March 13th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 2.48%. North American Construction Group's dividend payout ratio (DPR) is 28.70%.

North American Construction Group Profile

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.