New South Capital Management Inc. Boosts Holdings in NV5 Global, Inc. (NASDAQ:NVEE)

New South Capital Management Inc. raised its stake in shares of NV5 Global, Inc. (NASDAQ:NVEE) by 272.4% during the fourth quarter, HoldingsChannel reports. The firm owned 441,629 shares of the business services provider’s stock after purchasing an additional 323,033 shares during the quarter. New South Capital Management Inc.’s holdings in NV5 Global were worth $8,320,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of NVEE. Kornitzer Capital Management Inc. KS increased its stake in NV5 Global by 0.7% during the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 140,870 shares of the business services provider’s stock valued at $13,169,000 after purchasing an additional 1,000 shares in the last quarter. Versor Investments LP increased its stake in NV5 Global by 23.7% during the 3rd quarter. Versor Investments LP now owns 4,206 shares of the business services provider’s stock valued at $393,000 after purchasing an additional 806 shares in the last quarter. Geneva Capital Management LLC increased its stake in NV5 Global by 1.3% during the 3rd quarter. Geneva Capital Management LLC now owns 432,721 shares of the business services provider’s stock valued at $40,451,000 after purchasing an additional 5,757 shares in the last quarter. MQS Management LLC acquired a new position in NV5 Global during the 3rd quarter valued at approximately $415,000. Finally, Advisors Asset Management Inc. increased its stake in NV5 Global by 7.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 26,700 shares of the business services provider’s stock valued at $2,496,000 after purchasing an additional 1,963 shares in the last quarter. Institutional investors and hedge funds own 75.54% of the company’s stock.

NV5 Global Stock Up 1.7 %

NASDAQ:NVEE opened at $17.89 on Thursday. The firm has a market capitalization of $1.17 billion, a P/E ratio of 36.32, a PEG ratio of 2.63 and a beta of 1.23. NV5 Global, Inc. has a 1-year low of $16.77 and a 1-year high of $26.14. The company’s fifty day moving average price is $18.29 and its 200-day moving average price is $21.00. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.05 and a quick ratio of 2.05.

NV5 Global (NASDAQ:NVEE) last announced its quarterly earnings results 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). NV5 Global had a return on equity of 9.34% and a net margin of 3.25%. The firm had revenue of $246.52 million for the quarter, compared to analysts’ expectations of $243.46 million. As a group, equities research analysts anticipate that NV5 Global, Inc. will post 1.26 EPS for the current year.

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

Analyst Ratings Changes

NVEE has been the topic of a number of recent analyst reports. StockNews.com lowered shares of NV5 Global from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Roth Mkm increased their price objective on shares of NV5 Global from $27.00 to $28.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Maxim Group cut their price objective on shares of NV5 Global from $29.00 to $24.00 and set a “buy” rating on the stock in a research note 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 note on Friday, November 8th.

Insider Buying and Selling at NV5 Global

In other NV5 Global news, VP Richard Tong sold 20,000 shares of the stock in a transaction on 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 of the company’s stock, valued at $915,326.72. This trade represents a 30.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 12.40% of the company’s stock.

NV5 Global Company 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.