NV5 Global, Inc. (NASDAQ:NVEE) Stock Position Raised by Grandeur Peak Global Advisors LLC

Grandeur Peak Global Advisors LLC raised its position in shares of NV5 Global, Inc. (NASDAQ:NVEE) by 214.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 392,811 shares of the business services provider’s stock after purchasing an additional 267,795 shares during the quarter. Grandeur Peak Global Advisors LLC owned 0.60% of NV5 Global worth $7,401,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of NVEE. Vanguard Group Inc. lifted its stake in shares of NV5 Global by 288.4% in the 4th quarter. Vanguard Group Inc. now owns 3,761,947 shares of the business services provider’s stock valued at $70,875,000 after purchasing an additional 2,793,280 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of NV5 Global by 322.4% in the fourth quarter. American Century Companies Inc. now owns 2,147,358 shares of the business services provider’s stock valued at $40,456,000 after buying an additional 1,639,014 shares during the period. Bank of New York Mellon Corp grew its position 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 worth $28,462,000 after buying an additional 1,420,417 shares in the last quarter. Swedbank AB grew its position in NV5 Global by 366.4% during the fourth quarter. Swedbank AB now owns 1,632,296 shares of the business services provider’s stock worth $30,752,000 after buying an additional 1,282,296 shares in the last quarter. Finally, Geneva Capital Management LLC raised its holdings in NV5 Global by 274.0% in the 4th quarter. Geneva Capital Management LLC now owns 1,618,475 shares of the business services provider’s stock valued at $30,492,000 after acquiring an additional 1,185,754 shares in the last quarter. Institutional investors and hedge funds own 75.54% of the company’s stock.

Wall Street Analyst Weigh In

NVEE has been the subject of a number of analyst reports. Maxim Group cut their price target on shares of NV5 Global from $29.00 to $24.00 and set a “buy” rating for the company in a research note on Friday, February 21st. StockNews.com lowered shares of NV5 Global from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Finally, Roth Mkm upped their price target on NV5 Global from $27.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, February 21st.

NV5 Global Stock Down 2.3 %

NASDAQ:NVEE opened at $16.24 on Friday. The stock’s fifty day simple moving average is $17.97 and its 200-day simple moving average is $19.99. The firm has a market capitalization of $1.06 billion, a P/E ratio of 32.97, a P/E/G ratio of 2.63 and a beta of 1.07. 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, Inc. has a 12-month low of $15.14 and a 12-month high of $26.14.

NV5 Global (NASDAQ:NVEE) last posted its earnings results on Thursday, February 20th. The business services provider reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.02). The business had revenue of $246.52 million for the quarter, compared to the consensus estimate of $243.46 million. NV5 Global had a return on equity of 9.34% and a net margin of 3.25%. Equities research analysts expect that NV5 Global, Inc. will post 1.26 earnings per share for the current year.

NV5 Global declared that its board has authorized a stock repurchase plan on Monday, January 6th that permits the company to repurchase $20.00 million in shares. This repurchase authorization permits the business services provider to repurchase up to 1.6% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management 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.