Skylands Capital LLC Acquires 16,050 Shares of NV5 Global, Inc. (NASDAQ:NVEE)

Skylands Capital LLC raised its holdings in shares of NV5 Global, Inc. (NASDAQ:NVEE) by 185.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,700 shares of the business services provider’s stock after purchasing an additional 16,050 shares during the quarter. Skylands Capital LLC’s holdings in NV5 Global were worth $465,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its position in shares of NV5 Global by 287.7% in the fourth quarter. Blue Trust Inc. now owns 2,512 shares of the business services provider’s stock valued at $47,000 after purchasing an additional 1,864 shares during the period. KBC Group NV grew its stake 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 valued at $80,000 after buying an additional 3,550 shares during the last quarter. Cetera Trust Company N.A raised its holdings in NV5 Global by 166.8% in 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 during the period. Liberty One Investment Management LLC lifted its position in NV5 Global by 317.9% during the fourth quarter. Liberty One Investment Management LLC now owns 6,779 shares of the business services provider’s stock worth $128,000 after acquiring an additional 5,157 shares during the last quarter. Finally, Handelsbanken Fonder AB boosted its holdings in shares of NV5 Global by 260.7% during the fourth quarter. Handelsbanken Fonder AB now owns 10,100 shares of the business services provider’s stock worth $190,000 after acquiring an additional 7,300 shares during the period. 75.54% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, VP Richard Tong sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $20.08, for a total value of $401,600.00. Following the completion of the transaction, the vice president now directly owns 45,584 shares in the company, valued at approximately $915,326.72. The trade was a 30.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 12.40% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on NVEE. Roth Mkm increased their target price on NV5 Global from $27.00 to $28.00 and gave the stock a “buy” rating in a research note on Friday. StockNews.com cut 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. Finally, Robert W. Baird decreased their price target 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. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $25.67.

NV5 Global Trading Up 2.1 %

Shares of NVEE stock opened at $18.13 on Tuesday. The stock has a market cap of $1.18 billion, a P/E ratio of 36.81, a price-to-earnings-growth 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 $26.16. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.30. The stock has a 50 day simple moving average of $18.44 and a 200 day simple moving average of $21.26.

NV5 Global (NASDAQ:NVEE) last released its earnings results on Thursday, February 20th. The business services provider reported $0.28 earnings per share 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 net margin of 3.25% and a return on equity of 9.34%. On average, research analysts predict that NV5 Global, Inc. will post 1.26 earnings per share for the current fiscal year.

NV5 Global declared that its Board of Directors has initiated a share repurchase plan on Monday, January 6th that permits the company to repurchase $20.00 million in outstanding 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 typically a sign that the company’s board of directors believes its stock is 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.