Polar Asset Management Partners Inc. Decreases Stock Position in North American Construction Group Ltd. (NYSE:NOA)

Polar Asset Management Partners Inc. reduced its stake in North American Construction Group Ltd. (NYSE:NOA - Free Report) TSE: NOA by 40.2% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,022,101 shares of the oil and gas company's stock after selling 687,767 shares during the quarter. Polar Asset Management Partners Inc. owned 3.68% of North American Construction Group worth $22,015,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hillsdale Investment Management Inc. bought a new stake in shares of North American Construction Group during the fourth quarter valued at about $8,134,000. AYAL Capital Advisors Ltd boosted its stake in shares of North American Construction Group by 619.2% during the fourth quarter. AYAL Capital Advisors Ltd now owns 418,570 shares of the oil and gas company's stock valued at $9,045,000 after purchasing an additional 360,370 shares during the period. National Bank of Canada FI boosted its position in North American Construction Group by 13.3% during the 4th quarter. National Bank of Canada FI now owns 1,333,800 shares of the oil and gas company's stock valued at $28,776,000 after buying an additional 156,691 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in shares of North American Construction Group by 562.9% in 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 purchasing an additional 127,971 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in shares of North American Construction Group by 31.1% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 427,153 shares of the oil and gas company's stock worth $9,194,000 after buying an additional 101,400 shares during the last quarter. 74.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on NOA. Raymond James downgraded shares of North American Construction Group from a "strong-buy" rating to a "moderate buy" rating in a research report on Tuesday, April 22nd. Wall Street Zen upgraded North American Construction Group from a "sell" rating to a "hold" rating in a report on Wednesday, May 21st.

North American Construction Group Stock Performance

NOA traded up $0.15 during trading on Wednesday, hitting $17.32. The company's stock had a trading volume of 29,306 shares, compared to its average volume of 70,729. The company has a quick ratio of 0.88, a current ratio of 1.13 and a debt-to-equity ratio of 1.85. The business's 50 day simple moving average is $15.72 and its 200-day simple moving average is $18.19. The firm has a market cap of $530.06 million, a PE ratio of 12.03 and a beta of 1.32. North American Construction Group Ltd. has a one year low of $13.19 and a one year high of $22.08.

North American Construction Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Wednesday, June 4th will be paid a dividend of $0.086 per share. This is a boost from North American Construction Group's previous quarterly dividend of $0.08. The ex-dividend date is Wednesday, June 4th. This represents a $0.34 dividend on an annualized basis and a yield of 1.98%. North American Construction Group's dividend payout ratio (DPR) is presently 32.67%.

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.