Inspire Investing LLC Raises Holdings in NV5 Global, Inc. (NASDAQ:NVEE)

Inspire Investing LLC raised its holdings in shares of NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 380.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,224 shares of the business services provider's stock after buying an additional 16,807 shares during the period. Inspire Investing LLC's holdings in NV5 Global were worth $400,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Envestnet Asset Management Inc. raised its holdings in NV5 Global by 2.2% during the second quarter. Envestnet Asset Management Inc. now owns 39,510 shares of the business services provider's stock valued at $3,673,000 after acquiring an additional 863 shares during the period. Sei Investments Co. grew its holdings in NV5 Global by 17.7% during the 2nd quarter. Sei Investments Co. now owns 54,568 shares of the business services provider's stock valued at $5,073,000 after buying an additional 8,211 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of NV5 Global during the second quarter valued at approximately $1,233,000. Cubist Systematic Strategies LLC purchased a new position in shares of NV5 Global in the second quarter worth $575,000. Finally, Squarepoint Ops LLC lifted its holdings in shares of NV5 Global by 1,671.2% in the second quarter. Squarepoint Ops LLC now owns 60,149 shares of the business services provider's stock worth $5,592,000 after buying an additional 56,753 shares in the last quarter. Institutional investors own 75.54% of the company's stock.

NV5 Global Trading Up 3.4 %

NASDAQ NVEE traded up $0.62 during trading hours on Friday, hitting $18.84. 469,575 shares of the company were exchanged, compared to its average volume of 430,186. NV5 Global, Inc. has a 52 week low of $17.92 and a 52 week high of $28.29. 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 price of $19.57 and a 200 day moving average price of $22.16. The stock has a market cap of $1.23 billion, a PE ratio of 33.49, a price-to-earnings-growth ratio of 2.75 and a beta of 1.22.

NV5 Global (NASDAQ:NVEE - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The business services provider reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.01). NV5 Global had a net margin of 3.86% and a return on equity of 9.45%. The company had revenue of $250.89 million for the quarter, compared to analysts' expectations of $250.50 million. During the same quarter in the previous year, the company posted $0.38 EPS. Analysts forecast that NV5 Global, Inc. will post 1.18 earnings per share for the current fiscal year.

NV5 Global announced that its Board of Directors has authorized a share repurchase plan on Monday, January 6th that authorizes the company to buyback $20.00 million in shares. This buyback authorization authorizes the business services provider to reacquire up to 1.6% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on NVEE. StockNews.com upgraded shares of NV5 Global from a "hold" rating to a "buy" rating in a report on Thursday, December 26th. Robert W. Baird decreased their target price on NV5 Global from $26.00 to $25.00 and set a "neutral" rating on the stock in a research report on Friday, November 8th.

Insider Activity at NV5 Global

In other news, VP Richard Tong sold 20,000 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $20.08, for a total value of $401,600.00. Following the sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 12.40% of the stock is currently owned by insiders.

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.