EntryPoint Capital LLC Makes New $633,000 Investment in NV5 Global, Inc. (NASDAQ:NVEE)

EntryPoint Capital LLC bought a new stake in NV5 Global, Inc. (NASDAQ:NVEE - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 33,573 shares of the business services provider's stock, valued at approximately $633,000. EntryPoint Capital LLC owned approximately 0.05% of NV5 Global as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in NVEE. Prudential Financial Inc. lifted its position in shares of NV5 Global by 276.3% during the fourth quarter. Prudential Financial Inc. now owns 52,564 shares of the business services provider's stock worth $990,000 after purchasing an additional 38,594 shares during the last quarter. Corebridge Financial Inc. lifted its holdings in NV5 Global by 271.1% during the 4th quarter. Corebridge Financial Inc. now owns 30,233 shares of the business services provider's stock worth $570,000 after buying an additional 22,086 shares during the last quarter. Summit Creek Advisors LLC lifted its holdings in NV5 Global by 301.3% during the 4th quarter. Summit Creek Advisors LLC now owns 475,060 shares of the business services provider's stock worth $8,950,000 after buying an additional 356,672 shares during the last quarter. Emerald Advisers LLC grew its position in shares of NV5 Global by 150.4% in the 4th quarter. Emerald Advisers LLC now owns 702,679 shares of the business services provider's stock worth $13,238,000 after acquiring an additional 422,013 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of NV5 Global by 288.4% in the 4th quarter. Vanguard Group Inc. now owns 3,761,947 shares of the business services provider's stock valued at $70,875,000 after acquiring an additional 2,793,280 shares during the last quarter. 75.54% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

Several brokerages recently issued reports on NVEE. Roth Mkm raised their price target on NV5 Global from $27.00 to $28.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Maxim Group lowered their target price on NV5 Global from $29.00 to $24.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. Finally, StockNews.com downgraded NV5 Global from a "buy" rating to a "hold" rating in a research note on Wednesday, February 19th.

NV5 Global Trading Down 0.4 %

Shares of NV5 Global stock traded down $0.08 on Friday, reaching $19.25. 688,723 shares of the company were exchanged, compared to its average volume of 397,397. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.30. NV5 Global, Inc. has a fifty-two week low of $16.77 and a fifty-two week high of $26.14. The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of 39.09, a price-to-earnings-growth ratio of 2.63 and a beta of 1.22. The stock has a fifty day moving average price of $18.22 and a 200-day moving average price of $20.40.

NV5 Global (NASDAQ:NVEE - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.28 EPS for the quarter, missing analysts' consensus estimates of $0.30 by ($0.02). The firm had revenue of $246.52 million for the quarter, compared to analysts' expectations of $243.46 million. NV5 Global had a net margin of 3.25% and a return on equity of 9.34%. On average, analysts expect that NV5 Global, Inc. will post 1.26 EPS for the current year.

NV5 Global declared that its Board of Directors has authorized a share repurchase plan on Monday, January 6th that allows the company to buyback $20.00 million in outstanding shares. This buyback authorization allows the business services provider to buy up to 1.6% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's management believes its stock is undervalued.

About NV5 Global

NV5 Global, Inc provides technology, conformity assessment, consulting solutions, and software applications to public and private sector clients in the infrastructure, utility services, construction, real estate, environmental, and geospatial markets in the United States and internationally. It operates through three segments: Infrastructure; Building, Technology & Sciences; and Geospatial Solutions.