Proficio Capital Partners LLC Takes Position in North American Construction Group Ltd. (NYSE:NOA)

Proficio Capital Partners LLC acquired a new position in shares of North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 12,435 shares of the oil and gas company’s stock, valued at approximately $269,000.

A number of other large investors have also recently made changes to their positions in the company. Public Employees Retirement System of Ohio purchased a new position in North American Construction Group in the third quarter worth approximately $185,000. Stephens Inc. AR acquired a new stake in shares of North American Construction Group in the 4th quarter valued at $204,000. Geode Capital Management LLC lifted its position in shares of North American Construction Group by 14.9% during the 3rd quarter. Geode Capital Management LLC now owns 14,138 shares of the oil and gas company’s stock worth $264,000 after purchasing an additional 1,838 shares during the last quarter. PDT Partners LLC grew its stake in shares of North American Construction Group by 45.6% during the third quarter. PDT Partners LLC now owns 17,155 shares of the oil and gas company’s stock worth $321,000 after purchasing an additional 5,371 shares in the last quarter. Finally, Tranquility Partners LLC increased its holdings in North American Construction Group by 11.5% in the fourth quarter. Tranquility Partners LLC now owns 14,926 shares of the oil and gas company’s stock valued at $323,000 after buying an additional 1,538 shares during the last quarter. 74.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on the company. CIBC raised North American Construction Group from a “neutral” rating to a “sector outperform” rating in a report on Thursday, December 5th. Raymond James upgraded North American Construction Group from a “moderate buy” rating to a “strong-buy” rating in a research note on Tuesday, January 21st. Finally, Cibc World Mkts raised North American Construction Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 5th. One research analyst has rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy”.

North American Construction Group Price Performance

Shares of NYSE:NOA opened at $17.00 on Thursday. North American Construction Group Ltd. has a 12 month low of $15.09 and a 12 month high of $23.71. The firm 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 current ratio of 1.13 and a quick ratio of 0.88. The company’s fifty day moving average price is $18.23 and its 200 day moving average price is $19.12.

North American Construction Group Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Thursday, March 13th will be given a dividend of $0.084 per share. This represents a $0.34 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date of this dividend is Thursday, March 13th. North American Construction Group’s dividend payout ratio (DPR) is currently 28.70%.

North American Construction Group Company 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.