Woodstock Corp Acquires 87,208 Shares of NV5 Global, Inc. (NASDAQ:NVEE)

Woodstock Corp raised its stake in NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 291.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 117,100 shares of the business services provider's stock after buying an additional 87,208 shares during the period. Woodstock Corp owned 0.18% of NV5 Global worth $2,206,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Blue Trust Inc. increased its stake in shares of NV5 Global by 3,950.0% in the third 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 during the period. Heritage Family Offices LLP acquired a new position in NV5 Global in the 4th quarter valued at approximately $196,000. Net Worth Advisory Group bought a new position in shares of NV5 Global during the third quarter valued at $211,000. Handelsbanken Fonder AB raised its stake in shares of NV5 Global by 21.7% during the third quarter. Handelsbanken Fonder AB now owns 2,800 shares of the business services provider's stock valued at $262,000 after acquiring an additional 500 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in shares of NV5 Global during the second quarter worth $307,000. Institutional investors own 75.54% of the company's stock.

NV5 Global Trading Down 3.1 %

Shares of NASDAQ:NVEE traded down $0.59 during trading on Friday, reaching $18.41. The stock had a trading volume of 522,371 shares, compared to its average volume of 393,870. NV5 Global, Inc. has a 52 week low of $17.92 and a 52 week high of $28.29. 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 firm's fifty day moving average is $20.27 and its 200 day moving average is $22.44. The stock has a market cap 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 has authorized a stock repurchase plan on Monday, January 6th that authorizes the company to repurchase $20.00 million in shares. This repurchase authorization authorizes the business services provider to buy up to 1.6% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's leadership believes its stock is undervalued.

Insider Buying and Selling at NV5 Global

In other NV5 Global news, VP Richard Tong sold 20,000 shares of NV5 Global stock in a transaction that occurred on 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 directly owns 45,584 shares in the company, valued at approximately $915,326.72. The trade was a 30.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 12.40% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on NVEE shares. StockNews.com upgraded NV5 Global from a "hold" rating to a "buy" rating in a report on Thursday, December 26th. Robert W. Baird decreased their price target 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.

About NV5 Global

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.