Cambiar Investors LLC raised its position in NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 272.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 85,303 shares of the business services provider's stock after purchasing an additional 62,376 shares during the period. Cambiar Investors LLC owned about 0.13% of NV5 Global worth $1,607,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in the company. Swedbank AB increased its position in NV5 Global by 366.4% during the fourth quarter. Swedbank AB now owns 1,632,296 shares of the business services provider's stock worth $30,752,000 after buying an additional 1,282,296 shares in the last quarter. Tributary Capital Management LLC boosted its stake 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 valued at $17,817,000 after acquiring an additional 755,467 shares during the last quarter. Bernzott Capital Advisors acquired a new stake in shares of NV5 Global during the fourth quarter valued at $3,721,000. Redwood Grove Capital LLC purchased a new stake in NV5 Global during the 3rd quarter worth about $12,599,000. Finally, Woodstock Corp boosted its stake in shares of NV5 Global by 291.7% during the 4th quarter. Woodstock Corp now owns 117,100 shares of the business services provider's stock worth $2,206,000 after purchasing an additional 87,208 shares during the last quarter. Hedge funds and other institutional investors own 75.54% of the company's stock.
NV5 Global Trading Down 0.6 %
NVEE traded down $0.11 on Friday, reaching $17.49. 274,886 shares of the company's stock were exchanged, compared to its average volume of 388,075. NV5 Global, Inc. has a twelve month low of $17.24 and a twelve month high of $28.14. The company's 50 day moving average is $18.80 and its 200-day moving average is $21.58. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.05 and a current ratio of 2.05. The company has a market cap of $1.14 billion, a price-to-earnings ratio of 31.09, a PEG ratio of 2.73 and a beta of 1.23.
NV5 Global declared that its board has authorized a share buyback program on Monday, January 6th that authorizes the company to repurchase $20.00 million in shares. This repurchase authorization authorizes the business services provider to reacquire up to 1.6% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.
Insider Transactions at NV5 Global
In other news, VP Richard Tong sold 20,000 shares of the company's stock in a transaction dated 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 of the company's stock, valued at $915,326.72. This represents a 30.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 12.40% of the company's stock.
Wall Street Analyst Weigh In
NVEE has been the subject of a number of analyst reports. Robert W. Baird cut their price objective on shares of NV5 Global from $26.00 to $25.00 and set a "neutral" rating for the company in a research report on Friday, November 8th. StockNews.com raised shares of NV5 Global from a "hold" rating to a "buy" rating in a research note on Thursday, December 26th.
Read Our Latest Report on NV5 Global
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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