Kennedy Capital Management LLC Buys 199,046 Shares of NV5 Global, Inc. (NASDAQ:NVEE)

Kennedy Capital Management LLC lifted its position in shares of NV5 Global, Inc. (NASDAQ:NVEE) by 172.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 314,192 shares of the business services provider’s stock after buying an additional 199,046 shares during the quarter. Kennedy Capital Management LLC owned approximately 0.48% of NV5 Global worth $5,919,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of NVEE. Blue Trust Inc. lifted 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 worth $47,000 after buying an additional 1,864 shares during the period. SRS Capital Advisors Inc. grew 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 valued at $68,000 after acquiring an additional 2,680 shares during the period. KBC Group NV boosted its holdings in NV5 Global by 527.5% in the 4th 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 during the last quarter. Essex Investment Management Co. LLC lifted its holdings in NV5 Global by 300.0% in the 4th quarter. Essex Investment Management Co. LLC now owns 5,600 shares of the business services provider’s stock valued at $106,000 after purchasing an additional 4,200 shares in the last quarter. Finally, Cetera Trust Company N.A grew its stake in NV5 Global by 166.8% during the 4th quarter. Cetera Trust Company N.A now owns 5,710 shares of the business services provider’s stock valued at $108,000 after acquiring an additional 3,570 shares in the last quarter. Institutional investors own 75.54% of the company’s stock.

NV5 Global Stock Down 2.3 %

NVEE opened at $16.24 on Friday. The firm has a 50 day moving average price of $17.97 and a 200 day moving average price of $19.99. 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, Inc. has a 1 year low of $15.14 and a 1 year high of $26.14. The company has a market cap of $1.06 billion, a PE ratio of 32.97, a price-to-earnings-growth ratio of 2.63 and a beta of 1.07.

NV5 Global (NASDAQ:NVEE) last posted its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.28 earnings per share (EPS) 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 analysts’ expectations of $243.46 million. NV5 Global had a return on equity of 9.34% and a net margin of 3.25%. Sell-side analysts expect that NV5 Global, Inc. will post 1.26 earnings per share for the current year.

NV5 Global announced that its board has authorized a share buyback plan on Monday, January 6th that allows the company to buyback $20.00 million in outstanding shares. This buyback authorization allows the business services provider to reacquire up to 1.6% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

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

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.