Guidance Capital Inc. Acquires New Holdings in NV5 Global, Inc. (NASDAQ:NVEE)

Guidance Capital Inc. purchased a new stake in shares of NV5 Global, Inc. (NASDAQ:NVEE - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 24,472 shares of the business services provider's stock, valued at approximately $465,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Conestoga Capital Advisors LLC boosted its holdings in shares of NV5 Global by 298.7% during the fourth quarter. Conestoga Capital Advisors LLC now owns 62,752 shares of the business services provider's stock worth $1,182,000 after acquiring an additional 47,014 shares during the period. Swedbank AB boosted 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 purchasing an additional 1,282,296 shares during the period. KBC Group NV grew its holdings in NV5 Global by 527.5% in the 4th quarter. KBC Group NV now owns 4,223 shares of the business services provider's stock valued at $80,000 after buying an additional 3,550 shares in the last quarter. Tributary Capital Management LLC increased its position in NV5 Global by 397.1% during the 4th quarter. Tributary Capital Management LLC now owns 945,709 shares of the business services provider's stock worth $17,817,000 after buying an additional 755,467 shares during the period. Finally, Linden Thomas Advisory Services LLC lifted its holdings in shares of NV5 Global by 292.4% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 50,169 shares of the business services provider's stock worth $945,000 after buying an additional 37,384 shares in the last quarter. 75.54% of the stock is owned by institutional investors.

Insider Transactions at NV5 Global

In related news, VP Richard Tong sold 20,000 shares of the company's stock in a transaction on Friday, December 13th. The stock was sold at an average price of $20.08, for a total transaction of $401,600.00. Following the completion of the sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 12.40% of the stock is currently owned by insiders.

NV5 Global Price Performance

Shares of NVEE traded down $0.32 during trading hours on Friday, hitting $17.73. 279,850 shares of the company were exchanged, compared to its average volume of 388,075. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.30. NV5 Global, Inc. has a fifty-two week low of $17.69 and a fifty-two week high of $28.29. The company has a market cap of $1.15 billion, a price-to-earnings ratio of 31.52, a P/E/G ratio of 2.73 and a beta of 1.23. The firm's fifty day moving average is $19.15 and its 200 day moving average is $21.86.

NV5 Global (NASDAQ:NVEE - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.45 by ($0.01). The firm had revenue of $250.89 million for the quarter, compared to analyst estimates of $250.50 million. NV5 Global had a return on equity of 9.45% and a net margin of 3.86%. During the same quarter in the previous year, the company earned $0.38 earnings per share. On average, equities analysts anticipate that NV5 Global, Inc. will post 1.19 earnings per share for the current fiscal year.

NV5 Global declared that its board has approved a share repurchase program on Monday, January 6th that authorizes the company to repurchase $20.00 million in shares. This repurchase authorization authorizes the business services provider to reacquire up to 1.6% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's management believes its shares are undervalued.

Wall Street Analyst Weigh In

Several research firms recently commented on NVEE. StockNews.com upgraded shares of NV5 Global from a "hold" rating to a "buy" rating in a research note on Thursday, December 26th. Robert W. Baird decreased their target price on shares of NV5 Global from $26.00 to $25.00 and set a "neutral" rating on the stock in a research report on Friday, November 8th.

NV5 Global Company Profile

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.