Nine Ten Capital Management LLC grew its position in shares of NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 302.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 709,852 shares of the business services provider's stock after acquiring an additional 533,389 shares during the quarter. NV5 Global comprises approximately 3.8% of Nine Ten Capital Management LLC's holdings, making the stock its 10th largest holding. Nine Ten Capital Management LLC owned 1.09% of NV5 Global worth $13,374,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Sterling Capital Management LLC raised its holdings 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 buying an additional 1,461 shares during the period. Blue Trust Inc. boosted its stake 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 purchasing an additional 1,864 shares during the period. SRS Capital Advisors Inc. increased its stake 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 buying an additional 2,680 shares during the period. KBC Group NV lifted its holdings in NV5 Global by 527.5% during the 4th quarter. KBC Group NV now owns 4,223 shares of the business services provider's stock valued at $80,000 after buying an additional 3,550 shares in the last quarter. Finally, Essex Investment Management Co. LLC raised its stake in shares of NV5 Global by 300.0% during the fourth quarter. Essex Investment Management Co. LLC now owns 5,600 shares of the business services provider's stock valued at $106,000 after acquiring an additional 4,200 shares in the last quarter. 75.54% of the stock is owned by hedge funds and other institutional investors.
NV5 Global Stock Up 1.8 %
NVEE stock traded up $0.28 on Thursday, hitting $16.03. 178,413 shares of the company's stock were exchanged, compared to its average volume of 410,592. The firm has a 50 day moving average price of $17.63 and a two-hundred day moving average price of $19.60. NV5 Global, Inc. has a 12-month low of $14.75 and a 12-month high of $26.14. The stock has a market cap of $1.05 billion, a P/E ratio of 32.54, a price-to-earnings-growth ratio of 2.63 and a beta of 1.07. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.05 and a current ratio of 2.05.
NV5 Global (NASDAQ:NVEE - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.28 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.02). The company had revenue of $246.52 million during the quarter, compared to analysts' expectations of $243.46 million. NV5 Global had a net margin of 3.25% and a return on equity of 9.34%. As a group, equities research analysts expect that NV5 Global, Inc. will post 1.26 EPS for the current fiscal year.
NV5 Global announced that its board has authorized a stock buyback plan on Monday, January 6th that permits the company to buyback $20.00 million in outstanding shares. This buyback authorization permits the business services provider to reacquire up to 1.6% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's board believes its shares are undervalued.
Analysts Set New Price Targets
Several equities research analysts have recently commented on the stock. Roth Mkm boosted their price target on shares of NV5 Global from $27.00 to $28.00 and gave the company a "buy" rating in a report on Friday, February 21st. Maxim Group reduced their target price on shares of NV5 Global from $29.00 to $24.00 and set a "buy" rating for the company in a report on Friday, February 21st. Finally, StockNews.com downgraded shares of NV5 Global from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th.
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About NV5 Global
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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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