Versor Investments LP Buys 12,418 Shares of NV5 Global, Inc. (NASDAQ:NVEE)

Versor Investments LP increased its stake in shares of NV5 Global, Inc. (NASDAQ:NVEE) by 295.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 16,624 shares of the business services provider’s stock after acquiring an additional 12,418 shares during the quarter. Versor Investments LP’s holdings in NV5 Global were worth $313,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Swedbank AB raised its holdings in shares of NV5 Global by 366.4% during the 4th quarter. Swedbank AB now owns 1,632,296 shares of the business services provider’s stock worth $30,752,000 after acquiring an additional 1,282,296 shares in the last quarter. Bank of New York Mellon Corp raised its stake in NV5 Global by 1,572.9% during the fourth quarter. Bank of New York Mellon Corp now owns 1,510,725 shares of the business services provider’s stock valued at $28,462,000 after purchasing an additional 1,420,417 shares in the last quarter. Tributary Capital Management LLC lifted its position in NV5 Global by 397.1% during the fourth quarter. Tributary Capital Management LLC now owns 945,709 shares of the business services provider’s stock valued at $17,817,000 after purchasing an additional 755,467 shares during the last quarter. Kornitzer Capital Management Inc. KS grew its stake in shares of NV5 Global by 297.2% in the 4th quarter. Kornitzer Capital Management Inc. KS now owns 559,480 shares of the business services provider’s stock worth $10,541,000 after buying an additional 418,610 shares in the last quarter. Finally, Geneva Capital Management LLC increased its holdings in shares of NV5 Global by 1.3% in the 3rd quarter. Geneva Capital Management LLC now owns 432,721 shares of the business services provider’s stock worth $40,451,000 after buying an additional 5,757 shares during the last quarter. 75.54% of the stock is owned by hedge funds and other institutional investors.

NV5 Global Stock Performance

Shares of NV5 Global stock opened at $17.39 on Tuesday. NV5 Global, Inc. has a 52 week low of $16.77 and a 52 week high of $26.14. The company has a market capitalization of $1.13 billion, a PE ratio of 35.31, a price-to-earnings-growth ratio of 2.63 and a beta of 1.23. The stock’s fifty day moving average is $18.33 and its two-hundred day moving average is $21.06. 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 (NASDAQ:NVEE) last posted its quarterly earnings results 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 return on equity of 9.34% and a net margin of 3.25%. As a group, analysts expect that NV5 Global, Inc. will post 1.26 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 repurchase $20.00 million in shares. This repurchase authorization allows the business services provider to buy up to 1.6% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

Insider Buying and Selling

In related news, VP Richard Tong sold 20,000 shares of NV5 Global stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $20.08, for a total value of $401,600.00. Following the completion of the sale, the vice president now directly owns 45,584 shares in the company, 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 through the SEC website. 12.40% of the stock is owned by insiders.

Analyst Ratings Changes

NVEE has been the subject of several recent research reports. StockNews.com lowered NV5 Global from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Maxim Group dropped their target price on NV5 Global from $29.00 to $24.00 and set a “buy” rating for the company in a report 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, Robert W. Baird cut 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.

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.