Dynamic Technology Lab Private Ltd purchased a new stake in shares of NV5 Global, Inc. (NASDAQ:NVEE - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 48,204 shares of the business services provider's stock, valued at approximately $908,000. Dynamic Technology Lab Private Ltd owned about 0.07% of NV5 Global at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in NVEE. Wells Fargo & Company MN boosted its position in NV5 Global by 351.6% during the 4th quarter. Wells Fargo & Company MN now owns 109,922 shares of the business services provider's stock worth $2,071,000 after acquiring an additional 85,582 shares during the period. Pitcairn Co. lifted its holdings in NV5 Global by 565.8% in the fourth quarter. Pitcairn Co. now owns 22,336 shares of the business services provider's stock worth $421,000 after purchasing an additional 18,981 shares during the period. ExodusPoint Capital Management LP bought a new position in NV5 Global in the 4th quarter valued at about $1,102,000. Cynosure Group LLC raised its position in shares of NV5 Global by 269.2% during the 4th quarter. Cynosure Group LLC now owns 14,792 shares of the business services provider's stock worth $279,000 after buying an additional 10,785 shares in the last quarter. Finally, Trexquant Investment LP lifted its stake in shares of NV5 Global by 1,597.8% in the 4th quarter. Trexquant Investment LP now owns 87,116 shares of the business services provider's stock worth $1,641,000 after acquiring an additional 81,985 shares during the period. 75.54% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several brokerages recently commented on NVEE. Roth Mkm boosted their target price 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 reduced their price objective on NV5 Global from $29.00 to $24.00 and set a "buy" rating for the company in a research note on Friday, February 21st. Finally, StockNews.com lowered NV5 Global from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th.
View Our Latest Analysis on NVEE
NV5 Global Trading Down 2.2 %
Shares of NVEE stock traded down $0.36 during trading hours on Friday, reaching $16.26. 69,165 shares of the stock traded hands, compared to its average volume of 409,637. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $1.06 billion, a PE ratio of 33.03, a PEG ratio of 2.63 and a beta of 1.07. NV5 Global, Inc. has a 1-year low of $15.14 and a 1-year high of $26.14. The business has a fifty day moving average price of $18.01 and a 200 day moving average price of $20.03.
NV5 Global (NASDAQ:NVEE - Get Free Report) last announced its earnings results on Thursday, February 20th. The business services provider reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.02). The firm had revenue of $246.52 million for the quarter, compared to analyst estimates of $243.46 million. NV5 Global had a net margin of 3.25% and a return on equity of 9.34%. On average, equities research analysts forecast that NV5 Global, Inc. will post 1.26 EPS for the current year.
NV5 Global announced that its board has approved a stock repurchase program on Monday, January 6th that authorizes the company to buyback $20.00 million in shares. This buyback authorization authorizes the business services provider to repurchase up to 1.6% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's board believes its stock is undervalued.
NV5 Global Company Profile
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Free Report)
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.
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