Nine Ten Capital Management LLC grew its stake in shares of NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 302.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 709,852 shares of the business services provider's stock after purchasing an additional 533,389 shares during the period. NV5 Global makes up 3.8% of Nine Ten Capital Management LLC's investment portfolio, making the stock its 10th biggest holding. Nine Ten Capital Management LLC owned about 1.09% of NV5 Global worth $13,374,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Sterling Capital Management LLC raised its stake in NV5 Global by 3,320.5% during the 4th quarter. Sterling Capital Management LLC now owns 1,505 shares of the business services provider's stock worth $28,000 after buying an additional 1,461 shares during the period. Blue Trust Inc. raised its position in shares of NV5 Global by 287.7% during the fourth quarter. Blue Trust Inc. now owns 2,512 shares of the business services provider's stock worth $47,000 after purchasing an additional 1,864 shares during the period. SRS Capital Advisors Inc. lifted its holdings in shares of NV5 Global by 296.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 3,584 shares of the business services provider's stock worth $68,000 after purchasing an additional 2,680 shares in the last quarter. KBC Group NV grew its position 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 purchasing an additional 3,550 shares during the period. Finally, Essex Investment Management Co. LLC increased its stake in NV5 Global by 300.0% during the 4th quarter. Essex Investment Management Co. LLC now owns 5,600 shares of the business services provider's stock valued at $106,000 after purchasing an additional 4,200 shares in the last quarter. Institutional investors own 75.54% of the company's stock.
Analyst Upgrades and Downgrades
A number of research analysts have recently issued reports on the stock. StockNews.com cut shares of NV5 Global from a "buy" rating to a "hold" rating in a report on Wednesday, February 19th. Maxim Group cut their price target on NV5 Global from $29.00 to $24.00 and set a "buy" rating for the company in a research note on Friday, February 21st. Finally, Roth Mkm boosted their price objective on NV5 Global from $27.00 to $28.00 and gave the stock a "buy" rating in a report on Friday, February 21st.
Read Our Latest Report on NVEE
NV5 Global Stock Performance
Shares of NVEE stock opened at $15.82 on Friday. 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 firm has a 50-day moving average of $17.76 and a 200-day moving average of $19.76. NV5 Global, Inc. has a one year low of $15.14 and a one year high of $26.14. The company has a market cap of $1.03 billion, a P/E ratio of 32.12, a P/E/G ratio of 2.63 and a beta of 1.07.
NV5 Global (NASDAQ:NVEE - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.28 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.02). NV5 Global had a net margin of 3.25% and a return on equity of 9.34%. The firm had revenue of $246.52 million during the quarter, compared to analysts' expectations of $243.46 million. Equities research analysts forecast that NV5 Global, Inc. will post 1.26 EPS for the current fiscal year.
NV5 Global declared that its Board of Directors has authorized a share buyback program on Monday, January 6th that authorizes the company to repurchase $20.00 million in outstanding shares. This repurchase authorization authorizes the business services provider to purchase up to 1.6% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board believes its shares are 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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