Polar Asset Management Partners Inc. decreased its position in shares of North American Construction Group Ltd. (NYSE:NOA - Free Report) TSE: NOA by 40.2% in the 4th quarter, according to the company in its most recent 13F 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 about 3.68% of North American Construction Group worth $22,088,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in NOA. Russell Investments Group Ltd. increased its stake in shares of North American Construction Group by 284.3% in the 4th quarter. Russell Investments Group Ltd. now owns 7,954 shares of the oil and gas company's stock valued at $171,000 after acquiring an additional 5,884 shares in the last quarter. Stephens Inc. AR bought a new stake in shares of North American Construction Group in the 4th quarter valued at $204,000. Proficio Capital Partners LLC bought a new position in shares of North American Construction Group during the 4th quarter worth about $269,000. D. E. Shaw & Co. Inc. bought a new position in shares of North American Construction Group during the 4th quarter worth about $295,000. Finally, Northwest & Ethical Investments L.P. boosted its position in shares of North American Construction Group by 122.0% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 14,612 shares of the oil and gas company's stock worth $314,000 after purchasing an additional 8,029 shares in the last quarter. Institutional investors own 74.99% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts have commented on NOA shares. Raymond James lowered shares of North American Construction Group from a "strong-buy" rating to a "moderate buy" rating in a research note on Tuesday, April 22nd. StockNews.com lowered shares of North American Construction Group from a "hold" rating to a "sell" rating in a research report on Tuesday, May 13th.
View Our Latest Report on NOA
North American Construction Group Price Performance
Shares of North American Construction Group stock traded down $0.12 on Tuesday, reaching $17.09. The stock had a trading volume of 18,317 shares, compared to its average volume of 70,888. North American Construction Group Ltd. has a 1 year low of $13.19 and a 1 year high of $22.08. The company has a market cap of $522.90 million, a P/E ratio of 11.86 and a beta of 1.32. 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 business's 50 day moving average is $15.67 and its two-hundred day moving average is $18.34.
North American Construction Group Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Wednesday, June 4th will be issued a $0.086 dividend. This represents a $0.34 dividend on an annualized basis and a dividend yield of 2.01%. This is an increase from North American Construction Group's previous quarterly dividend of $0.08. The ex-dividend date is Wednesday, June 4th. North American Construction Group's dividend payout ratio is presently 32.67%.
About North American Construction Group
(
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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