Grandeur Peak Global Advisors LLC Raises Stock Holdings in NV5 Global, Inc. (NASDAQ:NVEE)

Grandeur Peak Global Advisors LLC increased its holdings in NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 214.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 392,811 shares of the business services provider's stock after purchasing an additional 267,795 shares during the quarter. Grandeur Peak Global Advisors LLC owned approximately 0.60% of NV5 Global worth $7,401,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. BNP Paribas Financial Markets increased its stake in shares of NV5 Global by 12.5% during the third 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. Janus Henderson Group PLC boosted its holdings in NV5 Global by 42.5% in the third quarter. Janus Henderson Group PLC now owns 8,040 shares of the business services provider's stock valued at $750,000 after acquiring an additional 2,396 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in NV5 Global during the 3rd quarter valued at $492,000. Barclays PLC raised its holdings in NV5 Global by 352.5% in the 3rd quarter. Barclays PLC now owns 23,906 shares of the business services provider's stock worth $2,235,000 after purchasing an additional 18,623 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of NV5 Global by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 327,042 shares of the business services provider's stock worth $30,577,000 after purchasing an additional 5,035 shares during the period. Hedge funds and other institutional investors own 75.54% of the company's stock.

Remove Ads

Wall Street Analyst Weigh In

NVEE has been the topic of several research reports. Roth Mkm lifted their price objective on NV5 Global from $27.00 to $28.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Maxim Group dropped their price target on NV5 Global from $29.00 to $24.00 and set a "buy" rating on the stock 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.

NV5 Global Stock Down 0.9 %

Shares of NASDAQ NVEE traded down $0.15 on Tuesday, reaching $15.94. 353,375 shares of the company's stock traded hands, compared to its average volume of 412,058. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.30. The business's 50 day simple moving average is $17.93 and its two-hundred day simple moving average is $19.91. NV5 Global, Inc. has a 12 month low of $15.14 and a 12 month high of $26.14. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 32.37, a price-to-earnings-growth 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 earnings per share 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 company had revenue of $246.52 million for the quarter, compared to the consensus estimate of $243.46 million. As a group, equities research analysts forecast that NV5 Global, Inc. will post 1.26 EPS for the current fiscal year.

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

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.