Bernzott Capital Advisors Makes New Investment in NV5 Global, Inc. (NASDAQ:NVEE)

Bernzott Capital Advisors acquired a new stake in NV5 Global, Inc. (NASDAQ:NVEE - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 197,510 shares of the business services provider's stock, valued at approximately $3,721,000. Bernzott Capital Advisors owned 0.30% of NV5 Global as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC increased its holdings in NV5 Global by 5.1% in the second quarter. Commonwealth Equity Services LLC now owns 3,459 shares of the business services provider's stock worth $322,000 after buying an additional 167 shares during the last quarter. Texas Permanent School Fund Corp increased its stake in shares of NV5 Global by 1.5% during the 2nd quarter. Texas Permanent School Fund Corp now owns 11,296 shares of the business services provider's stock worth $1,050,000 after purchasing an additional 166 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of NV5 Global by 2.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 39,510 shares of the business services provider's stock valued at $3,673,000 after purchasing an additional 863 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of NV5 Global by 7.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 582,927 shares of the business services provider's stock valued at $54,195,000 after purchasing an additional 39,350 shares during the last quarter. Finally, Inspire Investing LLC boosted its holdings in NV5 Global by 3.2% in the second quarter. Inspire Investing LLC now owns 3,756 shares of the business services provider's stock worth $349,000 after purchasing an additional 115 shares in the last quarter. Hedge funds and other institutional investors own 75.54% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. StockNews.com raised NV5 Global from a "hold" rating to a "buy" rating in a research report on Thursday, December 26th. Robert W. Baird reduced their target price on NV5 Global from $26.00 to $25.00 and set a "neutral" rating for the company in a report on Friday, November 8th.

Insider Activity at NV5 Global

In related news, VP Richard Tong sold 20,000 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $20.08, for a total value of $401,600.00. Following the transaction, the vice president now directly owns 45,584 shares in the company, valued at $915,326.72. This represents a 30.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 12.40% of the stock is currently owned by company insiders.

NV5 Global Price Performance

NVEE stock traded down $0.59 during trading on Friday, hitting $18.41. 522,371 shares of the stock traded hands, compared to its average volume of 520,734. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of 32.73, a P/E/G ratio of 2.84 and a beta of 1.22. NV5 Global, Inc. has a one year low of $17.92 and a one year high of $28.29. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.30. The company has a 50 day simple moving average of $20.49 and a 200 day simple moving average of $22.50.

NV5 Global declared that its Board of Directors has initiated a share buyback program on Monday, January 6th that authorizes the company to buyback $20.00 million in outstanding shares. This buyback authorization authorizes the business services provider to buy up to 1.6% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's management believes its shares are 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.