Skylands Capital LLC Has $465,000 Holdings in NV5 Global, Inc. (NASDAQ:NVEE)

Skylands Capital LLC boosted its holdings in shares of NV5 Global, Inc. (NASDAQ:NVEE) by 185.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,700 shares of the business services provider’s stock after acquiring an additional 16,050 shares during the period. Skylands Capital LLC’s holdings in NV5 Global were worth $465,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Swedbank AB raised its holdings in shares of 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 acquiring an additional 1,282,296 shares during the period. Tributary Capital Management LLC increased its holdings in NV5 Global by 397.1% during the 4th quarter. Tributary Capital Management LLC now owns 945,709 shares of the business services provider’s stock worth $17,817,000 after purchasing an additional 755,467 shares in the last quarter. Kornitzer Capital Management Inc. KS raised 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 valued at $10,541,000 after purchasing an additional 418,610 shares during the period. Bernzott Capital Advisors acquired a new stake in shares of NV5 Global in the 4th quarter valued at about $3,721,000. Finally, Principal Financial Group Inc. lifted its holdings in shares of NV5 Global by 311.3% in the fourth quarter. Principal Financial Group Inc. now owns 253,115 shares of the business services provider’s stock valued at $4,769,000 after purchasing an additional 191,572 shares in the last quarter. 75.54% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, VP Richard Tong sold 20,000 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $20.08, for a total transaction of $401,600.00. Following the transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 12.40% of the company’s stock.

NV5 Global Stock Performance

NVEE opened at $18.13 on Tuesday. The business’s 50-day simple moving average is $18.44 and its 200 day simple moving average is $21.26. NV5 Global, Inc. has a 52-week low of $16.77 and a 52-week high of $26.16. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.05 and a current ratio of 2.05. The firm has a market capitalization of $1.18 billion, a PE ratio of 36.81, a PEG ratio of 2.63 and a beta of 1.23.

NV5 Global (NASDAQ:NVEE) last announced its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). The company 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%. As a group, sell-side analysts expect that NV5 Global, Inc. will post 1.26 earnings per share for the current fiscal year.

NV5 Global declared that its board has approved a share repurchase program on Monday, January 6th that allows the company to buyback $20.00 million in shares. This buyback authorization allows the business services provider to reacquire up to 1.6% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

NVEE has been the subject of a number of research reports. Roth Mkm increased their price objective on NV5 Global from $27.00 to $28.00 and gave the stock a “buy” rating in a report on Friday. StockNews.com cut shares of NV5 Global from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Maxim Group lowered their price objective on shares of NV5 Global from $29.00 to $24.00 and set a “buy” rating on the stock in a report on Friday. Finally, Robert W. Baird reduced their target price on shares of NV5 Global from $26.00 to $25.00 and set a “neutral” rating for the company in a report on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $25.67.

About NV5 Global

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.