Haven Capital Group Inc. Makes New Investment in NV5 Global, Inc. (NASDAQ:NVEE)

Haven Capital Group Inc. bought a new stake in shares of NV5 Global, Inc. (NASDAQ:NVEE - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 103,144 shares of the business services provider's stock, valued at approximately $1,943,000. NV5 Global comprises about 1.8% of Haven Capital Group Inc.'s holdings, making the stock its 17th largest position. Haven Capital Group Inc. owned about 0.16% of NV5 Global at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. QV Investors Inc. boosted its holdings in NV5 Global by 914.2% during the 4th quarter. QV Investors Inc. now owns 48,580 shares of the business services provider's stock worth $915,000 after acquiring an additional 43,790 shares during the last quarter. Nordea Investment Management AB boosted its holdings in NV5 Global by 313.3% during the fourth quarter. Nordea Investment Management AB now owns 97,546 shares of the business services provider's stock worth $1,853,000 after purchasing an additional 73,944 shares during the last quarter. Linden Thomas Advisory Services LLC grew its position in NV5 Global by 292.4% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 50,169 shares of the business services provider's stock worth $945,000 after purchasing an additional 37,384 shares in the last quarter. JPMorgan Chase & Co. grew its position in NV5 Global by 4.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 62,944 shares of the business services provider's stock worth $5,884,000 after purchasing an additional 2,483 shares in the last quarter. Finally, Campbell Newman Asset Management Inc. increased its stake in NV5 Global by 297.9% in the 4th quarter. Campbell Newman Asset Management Inc. now owns 70,811 shares of the business services provider's stock valued at $1,334,000 after buying an additional 53,014 shares during the last quarter. Institutional investors own 75.54% of the company's stock.

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NV5 Global Stock Performance

Shares of NV5 Global stock traded down $0.17 during trading hours on Friday, reaching $18.70. The company had a trading volume of 1,118,800 shares, compared to its average volume of 377,867. The firm has a market cap of $1.22 billion, a PE ratio of 37.97, a price-to-earnings-growth ratio of 2.63 and a beta of 1.22. NV5 Global, Inc. has a one year low of $16.77 and a one year high of $26.14. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.05 and a quick ratio of 2.05. The business has a fifty day simple moving average of $18.13 and a 200 day simple moving average of $20.57.

NV5 Global (NASDAQ:NVEE - Get Free Report) last posted its 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 firm had revenue of $246.52 million for the quarter, compared to the consensus estimate of $243.46 million. NV5 Global had a return on equity of 9.34% and a net margin of 3.25%. On average, analysts anticipate that NV5 Global, Inc. will post 1.26 earnings per share for the current fiscal year.

NV5 Global declared that its board has approved a share buyback plan on Monday, January 6th that permits the company to repurchase $20.00 million in outstanding shares. This repurchase authorization permits the business services provider to reacquire up to 1.6% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's leadership believes its shares are undervalued.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on NVEE shares. Roth Mkm upped 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. Maxim Group decreased their target price on NV5 Global from $29.00 to $24.00 and set a "buy" rating for the company in a research report on Friday, February 21st. Finally, StockNews.com downgraded shares of NV5 Global from a "buy" rating to a "hold" rating in a report on Wednesday, February 19th.

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.