Emerald Advisers LLC Grows Stock Holdings in NV5 Global, Inc. (NASDAQ:NVEE)

Emerald Advisers LLC grew its holdings in NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 150.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 702,679 shares of the business services provider's stock after acquiring an additional 422,013 shares during the period. Emerald Advisers LLC owned about 1.08% of NV5 Global worth $13,238,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Advisors Asset Management Inc. grew its stake in NV5 Global by 7.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 26,700 shares of the business services provider's stock worth $2,496,000 after purchasing an additional 1,963 shares in the last quarter. King Luther Capital Management Corp boosted its stake in shares of NV5 Global by 32.6% in the 3rd quarter. King Luther Capital Management Corp now owns 37,410 shares of the business services provider's stock valued at $3,497,000 after buying an additional 9,197 shares during the period. Intech Investment Management LLC acquired a new position in shares of NV5 Global during the third quarter worth about $488,000. Charles Schwab Investment Management Inc. grew its position in shares of NV5 Global by 4.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 161,124 shares of the business services provider's stock worth $15,062,000 after buying an additional 6,188 shares in the last quarter. Finally, Swedbank AB increased its stake in shares of NV5 Global by 27.3% during the third quarter. Swedbank AB now owns 350,000 shares of the business services provider's stock worth $32,718,000 after buying an additional 75,000 shares during the period. Hedge funds and other institutional investors own 75.54% of the company's stock.

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Analyst Upgrades and Downgrades

NVEE has been the subject of a number of recent research reports. Maxim Group decreased their price target on shares of NV5 Global from $29.00 to $24.00 and set a "buy" rating for the company in a research note on Friday, February 21st. StockNews.com cut shares of NV5 Global from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Finally, Roth Mkm increased their target price on NV5 Global from $27.00 to $28.00 and gave the company a "buy" rating in a report on Friday, February 21st.

NV5 Global Stock Up 1.4 %

NVEE traded up $0.27 on Thursday, reaching $19.33. The company's stock had a trading volume of 561,409 shares, compared to its average volume of 382,374. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of 39.25, a P/E/G ratio of 2.63 and a beta of 1.22. NV5 Global, Inc. has a fifty-two week low of $16.77 and a fifty-two week high of $26.14. 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 stock has a 50 day moving average of $18.20 and a two-hundred day moving average of $20.44.

NV5 Global (NASDAQ:NVEE - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.28 earnings per share for the quarter, missing analysts' consensus estimates of $0.30 by ($0.02). The company had revenue of $246.52 million during 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%. As a group, analysts forecast that NV5 Global, Inc. will post 1.26 EPS for the current fiscal year.

NV5 Global declared that its Board of Directors has approved a share repurchase plan on Monday, January 6th that allows the company to repurchase $20.00 million in outstanding shares. This repurchase authorization allows the business services provider to purchase up to 1.6% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors 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.