Haven Capital Group Inc. Invests $1.94 Million in NV5 Global, Inc. (NASDAQ:NVEE)

Haven Capital Group Inc. bought a new position in shares of NV5 Global, Inc. (NASDAQ:NVEE) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 103,144 shares of the business services provider’s stock, valued at approximately $1,943,000. NV5 Global accounts for approximately 1.8% of Haven Capital Group Inc.’s portfolio, making the stock its 17th biggest holding. Haven Capital Group Inc. owned approximately 0.16% of NV5 Global as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. QV Investors Inc. boosted its stake in shares of NV5 Global by 914.2% during the 4th quarter. QV Investors Inc. now owns 48,580 shares of the business services provider’s stock worth $915,000 after acquiring an additional 43,790 shares during the period. Nordea Investment Management AB lifted its holdings in NV5 Global by 313.3% during the 4th quarter. Nordea Investment Management AB now owns 97,546 shares of the business services provider’s stock worth $1,853,000 after purchasing an additional 73,944 shares during the last quarter. Linden Thomas Advisory Services LLC lifted its holdings in NV5 Global by 292.4% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 50,169 shares of the business services provider’s stock worth $945,000 after purchasing an additional 37,384 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in NV5 Global by 4.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 62,944 shares of the business services provider’s stock worth $5,884,000 after purchasing an additional 2,483 shares during the last quarter. Finally, Campbell Newman Asset Management Inc. lifted its holdings in NV5 Global by 297.9% during the 4th quarter. Campbell Newman Asset Management Inc. now owns 70,811 shares of the business services provider’s stock worth $1,334,000 after purchasing an additional 53,014 shares during the last quarter. 75.54% of the stock is currently owned by institutional investors.

NV5 Global Price Performance

Shares of NASDAQ NVEE opened at $18.22 on Tuesday. The stock has a market capitalization of $1.19 billion, a PE ratio of 36.99, a P/E/G ratio of 2.63 and a beta of 1.22. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.05 and a quick ratio of 2.05. The business has a fifty day moving average price of $18.15 and a two-hundred day moving average price of $20.64. NV5 Global, Inc. has a fifty-two week low of $16.77 and a fifty-two week high of $26.14.

NV5 Global (NASDAQ:NVEE) last announced its quarterly earnings data 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 company had revenue of $246.52 million during the quarter, compared to analyst estimates of $243.46 million. NV5 Global had a net margin of 3.25% and a return on equity of 9.34%. As a group, equities analysts predict 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 buy up to 1.6% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

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

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.