NV5 Global, Inc. (NASDAQ:NVEE) Shares Sold by Oak Ridge Investments LLC

Oak Ridge Investments LLC lowered its position in shares of NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 16.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 81,792 shares of the business services provider's stock after selling 16,332 shares during the quarter. Oak Ridge Investments LLC owned about 0.13% of NV5 Global worth $1,541,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of NVEE. Bernzott Capital Advisors bought a new position in shares of NV5 Global during the fourth quarter valued at approximately $3,721,000. Redwood Grove Capital LLC bought a new position in NV5 Global during the 3rd quarter worth $12,599,000. Woodstock Corp increased its position in NV5 Global by 291.7% in the fourth quarter. Woodstock Corp now owns 117,100 shares of the business services provider's stock worth $2,206,000 after buying an additional 87,208 shares during the period. Swedbank AB lifted its stake in NV5 Global by 27.3% in the third quarter. Swedbank AB now owns 350,000 shares of the business services provider's stock valued at $32,718,000 after buying an additional 75,000 shares during the last quarter. Finally, Nordea Investment Management AB boosted its holdings in shares of NV5 Global by 313.3% during the fourth quarter. Nordea Investment Management AB now owns 97,546 shares of the business services provider's stock valued at $1,853,000 after acquiring an additional 73,944 shares during the period. Institutional investors own 75.54% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on NVEE. StockNews.com raised shares of NV5 Global from a "hold" rating to a "buy" rating in a report on Thursday, December 26th. Robert W. Baird dropped their price target on shares of NV5 Global from $26.00 to $25.00 and set a "neutral" rating on the stock in a research note on Friday, November 8th.

NV5 Global Stock Performance

Shares of NVEE traded down $0.59 during trading hours on Friday, reaching $18.41. 522,371 shares of the company's stock traded hands, compared to its average volume of 393,870. NV5 Global, Inc. has a twelve month low of $17.92 and a twelve month high of $28.29. The business's fifty day simple moving average is $20.27 and its two-hundred day simple moving average is $22.44. 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 market capitalization of $1.20 billion, a price-to-earnings ratio of 32.73, a P/E/G ratio of 2.84 and a beta of 1.22.

NV5 Global announced that its Board of Directors has approved a stock buyback program on Monday, January 6th that permits the company to buyback $20.00 million in outstanding shares. This buyback authorization permits the business services provider to buy up to 1.6% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board of directors believes its shares are undervalued.

Insider Activity at NV5 Global

In other news, VP Richard Tong sold 20,000 shares of the company's stock in a transaction that occurred on Friday, December 13th. The shares were 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 directly owns 45,584 shares of the company's stock, valued at approximately $915,326.72. This represents a 30.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 12.40% of the stock is currently owned by insiders.

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.