Top 5 Stock Picks of Cannell Capital

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1. North American Construction Group Ltd. (NYSE:NOA)

Cannell Capital’s Stake Value: $37,397,000
Percentage of Cannell Capital’s Portfolio: 5.65%
Number of Hedge Fund Holders: 10

North American Construction Group Ltd. (NYSE:NOA) provides heavy construction, mining, and equipment maintenance services in Australia, the US, and Canada. The business ran a fleet of heavy equipment consisting of 632 units as of December 31, 2021. North American Construction Group Ltd. (NYSE:NOA) is the biggest holding in Cannell Capital’s portfolio.

At the end of March, a total of 10 hedge funds tracked by Insider Monkey held long positions in North American Construction Group Ltd. (NYSE:NOA), an increase of 2 hedge funds from the fourth quarter of 2021. In addition, in April, North American Construction Group Ltd. (NYSE:NOA) announced a quarterly dividend of C$0.08 per share. The company has paid dividends every year since 2014.

According to Insider Monkey’s hedge fund database, Cannell Capital held the most prominent position in North American Construction Group Ltd. (NYSE:NOA). Cannell Capital had a $37.40 million stake in the company. Holding an $11.16 million position in North American Construction Group Ltd. (NYSE:NOA), Renaissance Technologies is the second largest shareholder.

You can also take a peek at Top 10 Stock Picks of James Morrow’s Callodine Capital Management and Top 10 Stock Picks of Roberto Mignone’s Bridger Management

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