Geneva Capital Management LLC raised its holdings in NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 274.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,618,475 shares of the business services provider's stock after purchasing an additional 1,185,754 shares during the period. Geneva Capital Management LLC owned 2.49% of NV5 Global worth $30,492,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of NVEE. Swedbank AB grew its stake in NV5 Global by 366.4% in the 4th quarter. Swedbank AB now owns 1,632,296 shares of the business services provider's stock valued at $30,752,000 after buying an additional 1,282,296 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of NV5 Global by 1,572.9% in the fourth quarter. Bank of New York Mellon Corp now owns 1,510,725 shares of the business services provider's stock worth $28,462,000 after acquiring an additional 1,420,417 shares during the period. Tributary Capital Management LLC boosted its stake in NV5 Global by 397.1% in the 4th quarter. Tributary Capital Management LLC now owns 945,709 shares of the business services provider's stock worth $17,817,000 after purchasing an additional 755,467 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in NV5 Global by 325.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 686,061 shares of the business services provider's stock valued at $12,925,000 after buying an additional 524,937 shares in the last quarter. Finally, Kornitzer Capital Management Inc. KS increased its position in shares of NV5 Global by 297.2% during the fourth quarter. Kornitzer Capital Management Inc. KS now owns 559,480 shares of the business services provider's stock valued at $10,541,000 after buying an additional 418,610 shares during the period. Institutional investors own 75.54% of the company's stock.
Insider Activity at NV5 Global
In other news, VP Richard Tong sold 20,000 shares of the stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $20.08, for a total transaction of $401,600.00. Following the transaction, the vice president now directly owns 45,584 shares in the company, valued at approximately $915,326.72. This represents a 30.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 12.40% of the stock is owned by insiders.
NV5 Global Price Performance
Shares of NVEE traded down $0.43 during trading hours on Monday, reaching $17.80. 497,485 shares of the company's stock traded hands, compared to its average volume of 367,838. 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 firm's 50 day simple moving average is $18.26 and its 200-day simple moving average is $20.90. The stock has a market cap of $1.16 billion, a PE ratio of 36.14, a price-to-earnings-growth ratio of 2.63 and a beta of 1.22. NV5 Global, Inc. has a 12 month low of $16.77 and a 12 month high of $26.14.
NV5 Global (NASDAQ:NVEE - Get Free Report) last released its quarterly earnings results 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 company had revenue of $246.52 million during the quarter, compared to analysts' expectations of $243.46 million. NV5 Global had a return on equity of 9.34% and a net margin of 3.25%. Equities analysts expect that NV5 Global, Inc. will post 1.26 EPS for the current year.
NV5 Global announced that its Board of Directors has initiated a stock buyback program on Monday, January 6th that permits the company to repurchase $20.00 million in shares. This repurchase authorization permits the business services provider to buy up to 1.6% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's board of directors believes its shares are undervalued.
Analyst Ratings Changes
A number of research firms have recently commented on NVEE. StockNews.com lowered shares of NV5 Global from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Roth Mkm increased their target price on shares of NV5 Global from $27.00 to $28.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Finally, Maxim Group reduced 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 report on Friday, February 21st.
Read Our Latest Analysis on NVEE
About NV5 Global
(
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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