AXQ Capital LP Invests $253,000 in NV5 Global, Inc. (NASDAQ:NVEE)

AXQ Capital LP bought a new stake in shares of NV5 Global, Inc. (NASDAQ:NVEE) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 13,452 shares of the business services provider’s stock, valued at approximately $253,000.

A number of other hedge funds have also recently bought and sold shares of NVEE. American Century Companies Inc. lifted its stake in NV5 Global by 322.4% during the fourth quarter. American Century Companies Inc. now owns 2,147,358 shares of the business services provider’s stock valued at $40,456,000 after purchasing an additional 1,639,014 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of NV5 Global by 1,572.9% during the fourth quarter. Bank of New York Mellon Corp now owns 1,510,725 shares of the business services provider’s stock worth $28,462,000 after purchasing an additional 1,420,417 shares during the period. Swedbank AB boosted its position in shares of NV5 Global by 366.4% in the 4th quarter. Swedbank AB now owns 1,632,296 shares of the business services provider’s stock valued at $30,752,000 after purchasing an additional 1,282,296 shares during the period. Geneva Capital Management LLC increased its stake in NV5 Global by 274.0% in the 4th quarter. Geneva Capital Management LLC now owns 1,618,475 shares of the business services provider’s stock worth $30,492,000 after purchasing an additional 1,185,754 shares in the last quarter. Finally, Tributary Capital Management LLC raised 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 buying an additional 755,467 shares during the period. 75.54% of the stock is owned by institutional investors and hedge funds.

NV5 Global Trading Down 0.9 %

NV5 Global stock opened at $18.70 on Monday. NV5 Global, Inc. has a 12 month low of $16.77 and a 12 month high of $26.14. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.30. The stock has a market cap of $1.22 billion, a P/E ratio of 37.97, a P/E/G ratio of 2.63 and a beta of 1.22. The company’s fifty day simple moving average is $18.13 and its 200-day simple moving average is $20.50.

NV5 Global (NASDAQ:NVEE) last issued its earnings results on Thursday, February 20th. The business services provider reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). NV5 Global had a net margin of 3.25% and a return on equity of 9.34%. The firm had revenue of $246.52 million during the quarter, compared to analysts’ expectations of $243.46 million. As a group, sell-side analysts forecast that NV5 Global, Inc. will post 1.26 EPS for the current fiscal year.

NV5 Global declared that its Board of Directors has authorized a stock repurchase 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 buy up to 1.6% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on NVEE shares. StockNews.com downgraded shares of NV5 Global from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Roth Mkm raised their target price on NV5 Global from $27.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Finally, Maxim Group dropped their price target 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.

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.