Linden Thomas Advisory Services LLC raised its holdings in NV5 Global, Inc. (NASDAQ:NVEE – Free Report) by 292.4% in the fourth quarter, Holdings Channel reports. The fund owned 50,169 shares of the business services provider’s stock after buying an additional 37,384 shares during the period. Linden Thomas Advisory Services LLC’s holdings in NV5 Global were worth $945,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. QV Investors Inc. grew its position in shares of NV5 Global by 914.2% in the fourth quarter. QV Investors Inc. now owns 48,580 shares of the business services provider’s stock valued at $915,000 after purchasing an additional 43,790 shares in the last quarter. Nordea Investment Management AB grew its holdings in NV5 Global by 313.3% in the 4th quarter. Nordea Investment Management AB now owns 97,546 shares of the business services provider’s stock valued at $1,853,000 after buying an additional 73,944 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of NV5 Global by 4.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 62,944 shares of the business services provider’s stock worth $5,884,000 after acquiring an additional 2,483 shares during the last quarter. Campbell Newman Asset Management Inc. raised its holdings in shares of NV5 Global by 297.9% during the 4th quarter. Campbell Newman Asset Management Inc. now owns 70,811 shares of the business services provider’s stock worth $1,334,000 after acquiring an additional 53,014 shares during the period. Finally, Bernzott Capital Advisors acquired a new position in shares of NV5 Global during the 4th quarter valued at about $3,721,000. 75.54% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research firms recently issued reports on NVEE. Robert W. Baird cut 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. StockNews.com upgraded shares of NV5 Global from a “hold” rating to a “buy” rating in a report on Thursday, December 26th.
Insider Activity at NV5 Global
In other NV5 Global 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 directly owns 45,584 shares in the company, valued at $915,326.72. This represents a 30.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 12.40% of the stock is owned by insiders.
NV5 Global Stock Performance
Shares of NV5 Global stock opened at $18.99 on Friday. The business’s fifty day simple moving average is $19.86 and its 200-day simple moving average is $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 firm has a market cap of $1.24 billion, a PE ratio of 33.76, a price-to-earnings-growth ratio of 2.86 and a beta of 1.22. NV5 Global, Inc. has a 52 week low of $17.92 and a 52 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 company had revenue of $250.89 million during the quarter, compared to analyst estimates of $250.50 million. NV5 Global had a net margin of 3.86% and a return on equity of 9.45%. During the same period in the previous year, the company earned $0.38 EPS. Equities analysts forecast that NV5 Global, Inc. will post 1.18 earnings per share for the current year.
NV5 Global announced that its Board of Directors has authorized 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 purchase up to 1.6% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership 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.
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