SCHEDULE 13G/A: Claret Asset Management Discloses 7.47% Stake in North American Construction Group
Beneficial Ownership Report
Claret Asset Management Corporation has filed an Amendment No. 9 to Schedule 13G, reporting a beneficial ownership of 7.47% in North American Construction Group Ltd.'s Common Shares as of December 31, 2024.
Summary
- Claret Asset Management Corporation (CAMC), a Quebec, Canada-based investment adviser, has filed an Amendment No. 9 to its Schedule 13G.
- The filing reports CAMC's beneficial ownership in North American Construction Group Ltd. (Issuer) Common Shares.
- As of December 31, 2024, CAMC beneficially owns 2,081,884 Common Shares.
- This ownership represents 7.47% of the Issuer's class of securities.
- CAMC holds sole voting power and sole dispositive power over all 2,081,884 shares.
- The percentage of class is calculated based on 27,827,282 Common Shares outstanding as of October 25, 2024, as reported by the Issuer in its Form 6-K filed on October 30, 2024.
- The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the Issuer.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would inherently indicate positive or negative sentiment regarding the company's performance or outlook. It is a neutral regulatory update.
Future Outlook
NA
Industry Context
This filing is a standard disclosure of institutional ownership, indicating that Claret Asset Management Corporation maintains a significant stake in North American Construction Group Ltd. Such disclosures are common in the financial industry as part of regulatory compliance for large shareholders.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional investor's stake in the company, which can influence investor confidence and perception of the stock's stability.
Key Dates
| Date | Description |
|---|---|
| 2024-10-25 | Date of Common Shares outstanding count (27,827,282 shares) as reported by the Issuer in Form 6-K. |
| 2024-10-30 | Date North American Construction Group Ltd. filed Form 6-K with the SEC, reporting outstanding shares. |
| 2024-12-31 | Date of event which requires filing of this statement (beneficial ownership calculation date). |
| 2025-02-04 | Date the Schedule 13G Amendment No. 9 was signed and filed. |
Keywords
North American Construction Group Ltd., Claret Asset Management Corporation, Schedule 13G, Beneficial Ownership, Common Shares, SEC Filing, Investment Adviser, Shareholding Disclosure, Institutional Ownership
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