Linden Thomas Advisory Services LLC increased its position in shares of NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 292.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 50,169 shares of the business services provider's stock after buying an additional 37,384 shares during the period. Linden Thomas Advisory Services LLC owned about 0.08% of NV5 Global worth $945,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Bernzott Capital Advisors acquired a new position in NV5 Global in the fourth quarter valued at approximately $3,721,000. Redwood Grove Capital LLC purchased a new stake in shares of NV5 Global during the 3rd quarter worth approximately $12,599,000. Woodstock Corp boosted its holdings in shares of NV5 Global by 291.7% in the 4th quarter. Woodstock Corp now owns 117,100 shares of the business services provider's stock valued at $2,206,000 after buying an additional 87,208 shares in the last quarter. Swedbank AB grew its position in shares of NV5 Global by 27.3% in the 3rd quarter. Swedbank AB now owns 350,000 shares of the business services provider's stock valued at $32,718,000 after buying an additional 75,000 shares during the last quarter. Finally, Nordea Investment Management AB raised its stake in NV5 Global by 313.3% during the 4th quarter. Nordea Investment Management AB now owns 97,546 shares of the business services provider's stock worth $1,853,000 after acquiring an additional 73,944 shares in the last quarter. Institutional investors and hedge funds own 75.54% of the company's stock.
Analysts Set New Price Targets
Several research firms have issued reports 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 NV5 Global from $26.00 to $25.00 and set a "neutral" rating for the company in a research report on Friday, November 8th.
Read Our Latest Analysis on NV5 Global
Insider Buying and Selling
In other news, VP Richard Tong sold 20,000 shares of the business's stock in a transaction dated Friday, December 13th. The shares were 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 $915,326.72. The trade was a 30.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 12.40% of the company's stock.
NV5 Global Stock Performance
NASDAQ:NVEE traded up $0.05 during trading hours on Friday, reaching $18.99. 264,843 shares of the company's stock were exchanged, compared to its average volume of 379,591. NV5 Global, Inc. has a 1-year low of $17.92 and a 1-year 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 firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of 33.76, a P/E/G ratio of 2.86 and a beta of 1.22. The company has a 50-day moving average of $19.86 and a 200 day moving average of $22.30.
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 (EPS) for the quarter, missing analysts' consensus estimates of $0.45 by ($0.01). The company had revenue of $250.89 million for the quarter, compared to analysts' expectations of $250.50 million. NV5 Global had a return on equity of 9.45% and a net margin of 3.86%. During the same period in the prior year, the business earned $0.38 EPS. Research analysts anticipate that NV5 Global, Inc. will post 1.18 EPS for the current year.
NV5 Global declared that its board has initiated a stock buyback program on Monday, January 6th that allows the company to repurchase $20.00 million in shares. This repurchase authorization allows the business services provider to buy up to 1.6% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board believes its stock is undervalued.
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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