Yousif Capital Management LLC Purchases 14,764 Shares of NV5 Global, Inc. (NASDAQ:NVEE)

Yousif Capital Management LLC increased its holdings in NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 291.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,830 shares of the business services provider's stock after purchasing an additional 14,764 shares during the quarter. Yousif Capital Management LLC's holdings in NV5 Global were worth $374,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in NVEE. Swedbank AB raised its position in NV5 Global by 366.4% in the 4th quarter. Swedbank AB now owns 1,632,296 shares of the business services provider's stock worth $30,752,000 after purchasing an additional 1,282,296 shares during the period. Tributary Capital Management LLC raised its position in NV5 Global by 397.1% in the 4th quarter. Tributary Capital Management LLC now owns 945,709 shares of the business services provider's stock worth $17,817,000 after purchasing an additional 755,467 shares during the period. Bernzott Capital Advisors purchased a new position in shares of NV5 Global in the fourth quarter valued at about $3,721,000. Redwood Grove Capital LLC purchased a new position in shares of NV5 Global in the third quarter valued at about $12,599,000. Finally, Woodstock Corp increased its position in shares of NV5 Global by 291.7% in the fourth quarter. Woodstock Corp now owns 117,100 shares of the business services provider's stock valued at $2,206,000 after acquiring an additional 87,208 shares during the period. Hedge funds and other institutional investors own 75.54% of the company's stock.

Insider Activity

In related news, VP Richard Tong sold 20,000 shares of the business's stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $20.08, for a total transaction of $401,600.00. Following the sale, the vice president now owns 45,584 shares of the company's stock, valued at $915,326.72. The trade was a 30.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 12.40% of the company's stock.

NV5 Global Trading Up 1.8 %

Shares of NVEE traded up $0.32 during trading hours on Friday, reaching $17.75. 1,034,374 shares of the company traded hands, compared to its average volume of 433,467. The company's fifty day moving average price is $18.52 and its two-hundred day moving average price is $21.38. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 31.56, a price-to-earnings-growth ratio of 2.57 and a beta of 1.23. 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 12 month low of $16.77 and a 12 month high of $27.77.

NV5 Global (NASDAQ:NVEE - Get Free Report) last announced its earnings results 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). The company had revenue of $246.52 million for the quarter, compared to the consensus estimate of $243.46 million. NV5 Global had a net margin of 3.86% and a return on equity of 9.45%. Equities research analysts predict that NV5 Global, Inc. will post 1.19 earnings per share for the current fiscal year.

NV5 Global announced that its board has approved a stock repurchase program 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 buy up to 1.6% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on NVEE. StockNews.com cut shares of NV5 Global from a "buy" rating to a "hold" rating in a research report on Wednesday. Roth Mkm boosted their price objective on shares of NV5 Global from $27.00 to $28.00 and gave the company a "buy" rating in a research report on Friday. Robert W. Baird decreased their price objective on shares of NV5 Global from $26.00 to $25.00 and set a "neutral" rating on the stock in a research report on Friday, November 8th. Finally, Maxim Group decreased their price objective on shares of NV5 Global from $29.00 to $24.00 and set a "buy" rating on the stock in a research report on Friday. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, NV5 Global currently has an average rating of "Moderate Buy" and an average price target of $25.67.

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.