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

Aquatic Capital Management LLC raised its stake in shares of NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 357.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,253 shares of the business services provider's stock after buying an additional 22,853 shares during the quarter. Aquatic Capital Management LLC's holdings in NV5 Global were worth $551,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Sterling Capital Management LLC boosted its stake in NV5 Global by 3,320.5% in the 4th quarter. Sterling Capital Management LLC now owns 1,505 shares of the business services provider's stock worth $28,000 after purchasing an additional 1,461 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of NV5 Global by 287.7% during the fourth quarter. Blue Trust Inc. now owns 2,512 shares of the business services provider's stock valued at $47,000 after buying an additional 1,864 shares during the last quarter. SRS Capital Advisors Inc. raised its holdings in NV5 Global by 296.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 3,584 shares of the business services provider's stock worth $68,000 after acquiring an additional 2,680 shares during the last quarter. KBC Group NV lifted its position in NV5 Global by 527.5% in the 4th quarter. KBC Group NV now owns 4,223 shares of the business services provider's stock valued at $80,000 after acquiring an additional 3,550 shares in the last quarter. Finally, Natixis boosted its stake in NV5 Global by 295.0% during the 4th quarter. Natixis now owns 4,353 shares of the business services provider's stock valued at $82,000 after purchasing an additional 3,251 shares during the last quarter. 75.54% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on NVEE shares. Maxim Group decreased their price target on NV5 Global from $29.00 to $24.00 and set a "buy" rating for the company in a research note on Friday, February 21st. Roth Mkm increased their price target on NV5 Global from $27.00 to $28.00 and gave the company a "buy" rating in a report on Friday, February 21st. Finally, StockNews.com lowered shares of NV5 Global from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th.

NV5 Global Trading Down 0.9 %

Shares of NVEE stock traded down $0.17 on Tuesday, reaching $18.53. 122,386 shares of the company's stock were exchanged, compared to its average volume of 424,718. NV5 Global, Inc. has a 52 week low of $14.75 and a 52 week high of $26.14. The company's fifty day simple moving average is $17.64 and its 200 day simple moving average is $19.24. The stock has a market capitalization of $1.22 billion, a PE ratio of 37.63, a P/E/G ratio of 2.63 and a beta of 1.07. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.30.

NV5 Global (NASDAQ:NVEE - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The business services provider reported $0.17 earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by ($0.03). The company had revenue of $123.20 million for the quarter, compared to analysts' expectations of $229.89 million. NV5 Global had a return on equity of 9.34% and a net margin of 3.25%. As a group, analysts forecast that NV5 Global, Inc. will post 1.26 EPS for the current year.

NV5 Global announced that its board has approved a stock 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 purchase up to 1.6% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its shares are undervalued.

NV5 Global Company 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.