Chatham Capital Group Inc. Purchases 57,275 Shares of NV5 Global, Inc. (NASDAQ:NVEE)

Chatham Capital Group Inc. lifted its stake in NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 297.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 76,505 shares of the business services provider's stock after buying an additional 57,275 shares during the period. Chatham Capital Group Inc. owned about 0.12% of NV5 Global worth $1,441,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. BNP Paribas Financial Markets increased its holdings in NV5 Global by 12.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,342 shares of the business services provider's stock valued at $593,000 after buying an additional 703 shares during the period. Versor Investments LP raised its stake in NV5 Global by 23.7% during the third quarter. Versor Investments LP now owns 4,206 shares of the business services provider's stock worth $393,000 after acquiring an additional 806 shares in the last quarter. Kornitzer Capital Management Inc. KS lifted its holdings in shares of NV5 Global by 0.7% during the third quarter. Kornitzer Capital Management Inc. KS now owns 140,870 shares of the business services provider's stock valued at $13,169,000 after acquiring an additional 1,000 shares during the period. Blue Trust Inc. boosted its stake in shares of NV5 Global by 287.7% in the 4th quarter. Blue Trust Inc. now owns 2,512 shares of the business services provider's stock valued at $47,000 after purchasing an additional 1,864 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its holdings in shares of NV5 Global by 7.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 26,700 shares of the business services provider's stock worth $2,496,000 after purchasing an additional 1,963 shares during the last quarter. 75.54% of the stock is owned by institutional investors and hedge funds.

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NV5 Global Trading Down 0.2 %

Shares of NVEE stock traded down $0.03 during trading hours on Tuesday, reaching $17.77. The company had a trading volume of 373,067 shares, compared to its average volume of 367,844. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.05 and a quick ratio of 2.05. NV5 Global, Inc. has a 1-year low of $16.77 and a 1-year high of $26.14. The company has a 50 day moving average of $18.24 and a 200 day moving average of $20.86. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of 36.08, a P/E/G ratio of 2.63 and a beta of 1.22.

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 (EPS) for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $243.46 million. On average, equities research analysts anticipate that NV5 Global, Inc. will post 1.26 EPS for the current year.

NV5 Global announced that its board has initiated a share repurchase program on Monday, January 6th that allows the company to buyback $20.00 million in shares. This buyback authorization allows the business services provider to repurchase up to 1.6% of its shares through open market purchases. Shares buyback programs are often an indication that the company's board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

NVEE has been the topic of several research analyst reports. Maxim Group decreased their price objective on shares of 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 upped their target price on shares of NV5 Global from $27.00 to $28.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Finally, StockNews.com downgraded NV5 Global from a "buy" rating to a "hold" rating in a report on Wednesday, February 19th.

Insiders Place Their Bets

In other news, VP Richard Tong sold 20,000 shares of the firm's stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $20.08, for a total transaction of $401,600.00. Following the sale, the vice president now owns 45,584 shares of the company's stock, valued at $915,326.72. This trade represents a 30.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 12.40% of the company's stock.

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.