Cannell Capital Llc Sells 81,917 Shares of North American Construction Group Ltd (NOA) Stock

North American Construction Group Ltd (NYSE:NOA) (TSE:NOA) major shareholder Cannell Capital Llc sold 81,917 shares of the company’s stock in a transaction that occurred on Friday, November 2nd. The stock was sold at an average price of $11.43, for a total transaction of $936,311.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Cannell Capital Llc also recently made the following trade(s):

  • On Thursday, October 4th, Cannell Capital Llc sold 99,854 shares of North American Construction Group stock. The stock was sold at an average price of $11.04, for a total transaction of $1,102,388.16.
  • On Tuesday, October 9th, Cannell Capital Llc sold 258,881 shares of North American Construction Group stock. The stock was sold at an average price of $11.79, for a total transaction of $3,052,206.99.

Shares of NYSE:NOA opened at $10.47 on Wednesday. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.96 and a quick ratio of 0.87. North American Construction Group Ltd has a fifty-two week low of $4.15 and a fifty-two week high of $12.68. The firm has a market cap of $315.91 million, a P/E ratio of 74.79 and a beta of 0.15.

North American Construction Group (NYSE:NOA) (TSE:NOA) last issued its earnings results on Tuesday, October 30th. The oil and gas company reported $0.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.05. North American Construction Group had a net margin of 4.34% and a return on equity of 10.56%. The firm had revenue of $65.14 million during the quarter. Research analysts anticipate that North American Construction Group Ltd will post 0.44 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 4th. Investors of record on Friday, November 30th will be given a dividend of $0.0153 per share. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.58%. North American Construction Group’s dividend payout ratio is 42.86%.

NOA has been the subject of a number of recent analyst reports. ValuEngine lowered shares of North American Construction Group from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 8th. Zacks Investment Research lowered shares of North American Construction Group from a “buy” rating to a “hold” rating in a research report on Tuesday.

Several large investors have recently modified their holdings of NOA. Intact Investment Management Inc. bought a new position in shares of North American Construction Group during the second quarter worth $1,873,000. K.J. Harrison & Partners Inc bought a new position in shares of North American Construction Group during the second quarter worth $2,045,000. Wedge Capital Management L L P NC bought a new position in shares of North American Construction Group during the second quarter worth $445,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in North American Construction Group during the second quarter valued at $232,000. Finally, Russell Investments Group Ltd. purchased a new stake in North American Construction Group during the second quarter valued at $145,000. Hedge funds and other institutional investors own 50.78% of the company’s stock.

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North American Construction Group Company Profile

North American Construction Group Ltd. provides mining and heavy construction services. It offers their services to customers in the resource development and industrial construction sectors, primarily within Western Canada. The company focuses on supporting the construction and operation of surface mines, in the oil sands.

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Insider Buying and Selling by Quarter for North American Construction Group (NYSE:NOA)

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