NV5 Global, Inc. (NASDAQ:NVEE) Shares Purchased by Royce & Associates LP

Royce & Associates LP increased its holdings in NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 218.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 178,280 shares of the business services provider's stock after purchasing an additional 122,310 shares during the period. Royce & Associates LP owned 0.27% of NV5 Global worth $3,359,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Blue Trust Inc. grew its position in NV5 Global by 287.7% during the fourth quarter. Blue Trust Inc. now owns 2,512 shares of the business services provider's stock valued at $47,000 after acquiring an additional 1,864 shares during the period. SRS Capital Advisors Inc. grew its position in NV5 Global by 296.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 3,584 shares of the business services provider's stock valued at $68,000 after acquiring an additional 2,680 shares during the period. KBC Group NV grew its position in NV5 Global by 527.5% during the fourth quarter. KBC Group NV now owns 4,223 shares of the business services provider's stock valued at $80,000 after acquiring an additional 3,550 shares during the period. Essex Investment Management Co. LLC grew its position in NV5 Global by 300.0% during the fourth quarter. Essex Investment Management Co. LLC now owns 5,600 shares of the business services provider's stock valued at $106,000 after acquiring an additional 4,200 shares during the period. Finally, Cetera Trust Company N.A grew its position in NV5 Global by 166.8% during the fourth quarter. Cetera Trust Company N.A now owns 5,710 shares of the business services provider's stock valued at $108,000 after acquiring an additional 3,570 shares during the period. Hedge funds and other institutional investors own 75.54% of the company's stock.

Remove Ads

NV5 Global Stock Down 0.9 %

Shares of NVEE traded down $0.17 during midday trading on Friday, reaching $18.70. 1,118,800 shares of the company were exchanged, compared to its average volume of 377,818. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.30. NV5 Global, Inc. has a 1-year low of $16.77 and a 1-year high of $26.14. The stock has a 50-day moving average price of $18.13 and a 200-day moving average price of $20.52. The company has a market cap of $1.22 billion, a price-to-earnings ratio of 37.97, a P/E/G ratio of 2.63 and a beta of 1.22.

NV5 Global (NASDAQ:NVEE - Get Free Report) last released its quarterly earnings results 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 return on equity of 9.34% and a net margin of 3.25%. The business had revenue of $246.52 million during the quarter, compared to analyst estimates of $243.46 million. Research analysts expect that NV5 Global, Inc. will post 1.26 earnings per share for the current year.

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

Wall Street Analysts Forecast Growth

A number of research analysts have commented on NVEE shares. Maxim Group reduced their price objective on NV5 Global from $29.00 to $24.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. Roth Mkm boosted their price objective on NV5 Global from $27.00 to $28.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Finally, StockNews.com cut NV5 Global from a "buy" rating to a "hold" rating in a research note 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.