Taylor Frigon Capital Management LLC Acquires 107,618 Shares of NV5 Global, Inc. (NASDAQ:NVEE)

Taylor Frigon Capital Management LLC grew its position in NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 362.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 137,299 shares of the business services provider's stock after buying an additional 107,618 shares during the quarter. NV5 Global accounts for about 1.3% of Taylor Frigon Capital Management LLC's portfolio, making the stock its 27th largest holding. Taylor Frigon Capital Management LLC owned about 0.21% of NV5 Global worth $2,587,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in NVEE. Blue Trust Inc. raised its position in shares of NV5 Global by 3,950.0% in the 3rd quarter. Blue Trust Inc. now owns 648 shares of the business services provider's stock valued at $60,000 after buying an additional 632 shares in the last quarter. Oak Ridge Investments LLC raised its position in shares of NV5 Global by 287.2% in the 3rd quarter. Oak Ridge Investments LLC now owns 98,124 shares of the business services provider's stock valued at $9,173,000 after buying an additional 72,780 shares in the last quarter. Emerald Advisers LLC increased its position in NV5 Global by 3.2% during the 3rd quarter. Emerald Advisers LLC now owns 280,666 shares of the business services provider's stock worth $26,237,000 after purchasing an additional 8,720 shares in the last quarter. Kornitzer Capital Management Inc. KS increased its position in NV5 Global by 0.7% during the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 140,870 shares of the business services provider's stock worth $13,169,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Versor Investments LP increased its position in NV5 Global by 23.7% during the 3rd quarter. Versor Investments LP now owns 4,206 shares of the business services provider's stock worth $393,000 after purchasing an additional 806 shares in the last quarter. 75.54% of the stock is currently owned by institutional investors and hedge funds.

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Insider Buying and Selling

In related news, VP Richard Tong sold 20,000 shares of the stock in a transaction on Friday, December 13th. The shares were sold at an average price of $20.08, for a total transaction of $401,600.00. Following the transaction, the vice president now directly 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 12.40% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on NVEE shares. Roth Mkm upped their price objective 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. Robert W. Baird lowered 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. Maxim Group lowered their price objective on shares of NV5 Global from $29.00 to $24.00 and set a "buy" rating for the company in a research report on Friday, February 21st. Finally, StockNews.com cut shares of NV5 Global from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th.

NV5 Global Trading Down 0.8 %

NASDAQ NVEE traded down $0.15 on Friday, hitting $18.05. The company's stock had a trading volume of 544,776 shares, compared to its average volume of 362,671. The company has a quick ratio of 2.05, a current 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 company's 50-day moving average is $18.36 and its 200 day moving average is $21.13. The firm has a market cap of $1.18 billion, a PE ratio of 36.65, a PEG ratio of 2.63 and a beta of 1.23.

NV5 Global (NASDAQ:NVEE - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.28 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 during the quarter, compared to the consensus estimate of $243.46 million. As a group, analysts predict that NV5 Global, Inc. will post 1.26 earnings per share for the current fiscal year.

NV5 Global declared that its board has authorized a share repurchase plan 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 repurchase up to 1.6% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's management believes its shares are undervalued.

NV5 Global 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.