New South Capital Management Inc. Increases Stock Holdings in NV5 Global, Inc. (NASDAQ:NVEE)

New South Capital Management Inc. grew its holdings in NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 272.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 441,629 shares of the business services provider's stock after acquiring an additional 323,033 shares during the period. New South Capital Management Inc. owned about 0.68% of NV5 Global worth $8,320,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of NVEE. Bank of New York Mellon Corp grew its stake in NV5 Global by 1,572.9% during the 4th 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 purchasing an additional 1,420,417 shares in the last quarter. Swedbank AB boosted its stake in shares of 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 during the period. Tributary Capital Management LLC grew its position in shares of NV5 Global by 397.1% during the fourth 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 in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of NV5 Global by 325.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 686,061 shares of the business services provider's stock worth $12,925,000 after buying an additional 524,937 shares in the last quarter. Finally, Kornitzer Capital Management Inc. KS increased its stake 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 worth $10,541,000 after buying an additional 418,610 shares during the period. Hedge funds and other institutional investors own 75.54% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on NVEE shares. Roth Mkm lifted their price target 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. StockNews.com cut shares of NV5 Global from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Finally, Maxim Group dropped their target price on NV5 Global from $29.00 to $24.00 and set a "buy" rating on the stock in a report on Friday, February 21st.

NV5 Global Stock Up 1.6 %

NVEE stock traded up $0.28 during trading on Friday, hitting $18.23. 409,567 shares of the company's stock were exchanged, compared to its average volume of 367,318. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of 37.02, a PEG ratio of 2.63 and a beta of 1.22. NV5 Global, Inc. has a 52-week low of $16.77 and a 52-week high of $26.14. 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 business has a 50-day moving average price of $18.26 and a two-hundred day moving average price of $20.92.

NV5 Global (NASDAQ:NVEE - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.02). The company had revenue of $246.52 million for 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%. As a group, equities research analysts expect that NV5 Global, Inc. will post 1.26 EPS for the current year.

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

Insider Buying and Selling at NV5 Global

In other NV5 Global news, VP Richard Tong sold 20,000 shares of the business's 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 completion of the sale, the vice president now owns 45,584 shares in the company, valued at approximately $915,326.72. The trade was a 30.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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.