NV5 Global, Inc. (NASDAQ:NVEE) Shares Acquired by Pacific Ridge Capital Partners LLC

Pacific Ridge Capital Partners LLC increased its position in NV5 Global, Inc. (NASDAQ:NVEE) by 300.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,756 shares of the business services provider’s stock after buying an additional 12,567 shares during the period. Pacific Ridge Capital Partners LLC’s holdings in NV5 Global were worth $316,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of NV5 Global by 288.4% during the 4th quarter. Vanguard Group Inc. now owns 3,761,947 shares of the business services provider’s stock worth $70,875,000 after purchasing an additional 2,793,280 shares during the period. American Century Companies Inc. increased its stake in NV5 Global by 322.4% in 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. Swedbank AB lifted its position in NV5 Global by 366.4% during the fourth quarter. Swedbank AB now owns 1,632,296 shares of the business services provider’s stock worth $30,752,000 after buying an additional 1,282,296 shares during the period. Geneva Capital Management LLC lifted its position in NV5 Global by 274.0% during the fourth quarter. Geneva Capital Management LLC now owns 1,618,475 shares of the business services provider’s stock worth $30,492,000 after buying an additional 1,185,754 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in 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 buying an additional 1,420,417 shares during the period. Institutional investors and hedge funds own 75.54% of the company’s stock.

NV5 Global Stock Performance

NASDAQ NVEE opened at $19.06 on Thursday. 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, Inc. has a 1-year low of $16.77 and a 1-year high of $26.14. The firm has a market capitalization of $1.24 billion, a P/E ratio of 38.70, a P/E/G ratio of 2.63 and a beta of 1.22. The business’s 50-day simple moving average is $18.20 and its 200-day simple moving average is $20.45.

NV5 Global (NASDAQ:NVEE) last released 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%. Equities analysts predict that NV5 Global, Inc. will post 1.26 EPS for the current year.

NV5 Global declared that its board has approved a stock buyback plan on Monday, January 6th that allows the company to repurchase $20.00 million in shares. This repurchase authorization allows the business services provider to repurchase up to 1.6% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on NVEE shares. StockNews.com downgraded shares of NV5 Global from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Maxim Group cut their price target 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, Roth Mkm lifted their price target on shares of NV5 Global from $27.00 to $28.00 and gave the company a “buy” rating in a 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.