Tributary Capital Management LLC Grows Stock Holdings in NV5 Global, Inc. (NASDAQ:NVEE)

Tributary Capital Management LLC lifted its stake in NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 397.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 945,709 shares of the business services provider's stock after acquiring an additional 755,467 shares during the quarter. Tributary Capital Management LLC owned 1.45% of NV5 Global worth $17,817,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Linden Thomas Advisory Services LLC increased its stake in NV5 Global by 292.4% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 50,169 shares of the business services provider's stock worth $945,000 after purchasing an additional 37,384 shares during the period. Inspire Investing LLC increased its position in shares of NV5 Global by 380.5% during the fourth quarter. Inspire Investing LLC now owns 21,224 shares of the business services provider's stock worth $400,000 after acquiring an additional 16,807 shares during the period. Janney Montgomery Scott LLC boosted its holdings in NV5 Global by 370.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 13,750 shares of the business services provider's stock valued at $259,000 after purchasing an additional 10,830 shares during the period. SG Americas Securities LLC acquired a new position in NV5 Global during the 4th quarter worth $235,000. Finally, Cetera Trust Company N.A increased its holdings in NV5 Global by 166.8% during the 4th quarter. Cetera Trust Company N.A now owns 5,710 shares of the business services provider's stock worth $108,000 after purchasing an additional 3,570 shares during the period. Institutional investors and hedge funds own 75.54% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Robert W. Baird decreased their price objective on NV5 Global from $26.00 to $25.00 and set a "neutral" rating for the company in a research note on Friday, November 8th. StockNews.com upgraded shares of NV5 Global from a "hold" rating to a "buy" rating in a research note on Thursday, December 26th.

NV5 Global Stock Up 0.3 %

NV5 Global stock traded up $0.05 during midday trading on Friday, reaching $18.99. The company's stock had a trading volume of 264,843 shares, compared to its average volume of 379,591. The business has a 50-day simple moving average of $19.86 and a 200-day simple moving average of $22.30. 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 company has a market cap of $1.24 billion, a P/E ratio of 33.76, a P/E/G ratio of 2.86 and a beta of 1.22. NV5 Global, Inc. has a fifty-two week low of $17.92 and a fifty-two week high of $28.29.

NV5 Global (NASDAQ:NVEE - Get Free Report) last posted its earnings results on Thursday, November 7th. The business services provider reported $0.44 EPS for the quarter, missing analysts' consensus estimates of $0.45 by ($0.01). The firm had revenue of $250.89 million for the quarter, compared to analyst estimates of $250.50 million. NV5 Global had a return on equity of 9.45% and a net margin of 3.86%. During the same quarter last year, the firm posted $0.38 EPS. On average, research analysts expect that NV5 Global, Inc. will post 1.18 earnings per share for the current fiscal year.

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

Insider Buying and Selling

In related 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 transaction, 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 filing with the SEC, which is available through this link. 12.40% of the stock is owned by company insiders.

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.