Ashford Capital Management Inc. Buys 411,810 Shares of NV5 Global, Inc. (NASDAQ:NVEE)

Ashford Capital Management Inc. raised its stake in shares of NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 299.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 549,500 shares of the business services provider's stock after buying an additional 411,810 shares during the quarter. NV5 Global comprises about 1.2% of Ashford Capital Management Inc.'s investment portfolio, making the stock its 29th biggest holding. Ashford Capital Management Inc. owned about 0.84% of NV5 Global worth $10,353,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. BNP Paribas increased its holdings in shares of NV5 Global by 300.0% during the fourth quarter. BNP Paribas now owns 1,400 shares of the business services provider's stock valued at $26,000 after acquiring an additional 1,050 shares in the last quarter. Sterling Capital Management LLC grew its position in NV5 Global by 3,320.5% during the 4th quarter. Sterling Capital Management LLC now owns 1,505 shares of the business services provider's stock valued at $28,000 after purchasing an additional 1,461 shares during the last quarter. Blue Trust Inc. increased its stake in NV5 Global by 287.7% during the 4th quarter. Blue Trust Inc. now owns 2,512 shares of the business services provider's stock valued at $47,000 after purchasing an additional 1,864 shares in the last quarter. SRS Capital Advisors Inc. raised its holdings in NV5 Global by 296.5% in the fourth quarter. SRS Capital Advisors Inc. now owns 3,584 shares of the business services provider's stock worth $68,000 after buying an additional 2,680 shares during the last quarter. Finally, KBC Group NV lifted its stake in shares of NV5 Global by 527.5% in the fourth quarter. KBC Group NV now owns 4,223 shares of the business services provider's stock worth $80,000 after buying an additional 3,550 shares in the last quarter. Hedge funds and other institutional investors own 75.54% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on NVEE shares. Sidoti upgraded NV5 Global to a "hold" rating in a research note on Friday, May 16th. Roth Mkm lifted their price target on shares of NV5 Global from $27.00 to $28.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Lake Street Capital downgraded shares of NV5 Global from a "buy" rating to a "hold" rating in a research report on Thursday, May 15th. Maxim Group dropped their target price on shares of NV5 Global from $29.00 to $24.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Finally, Wall Street Zen lowered shares of NV5 Global from a "buy" rating to a "hold" rating in a research note on Wednesday, May 14th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $25.67.

NV5 Global Stock Performance

Shares of NASDAQ:NVEE traded down $0.02 during trading on Friday, hitting $22.14. The company's stock had a trading volume of 444,643 shares, compared to its average volume of 466,289. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.05 and a quick ratio of 2.05. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of 44.95, a P/E/G ratio of 2.63 and a beta of 1.08. The company has a 50-day moving average of $18.40 and a 200-day moving average of $19.03. NV5 Global, Inc. has a 12 month low of $14.75 and a 12 month high of $26.14.

NV5 Global (NASDAQ:NVEE - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The business services provider reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.03). NV5 Global had a return on equity of 9.34% and a net margin of 3.25%. The business had revenue of $123.20 million during the quarter, compared to the consensus estimate of $229.89 million. On average, sell-side analysts expect that NV5 Global, Inc. will post 1.26 earnings per share for the current year.

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.