Guidance Capital Inc. Buys Shares of 24,472 NV5 Global, Inc. (NASDAQ:NVEE)

Guidance Capital Inc. purchased a new position in shares of NV5 Global, Inc. (NASDAQ:NVEE) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 24,472 shares of the business services provider’s stock, valued at approximately $465,000.

A number of other hedge funds have also modified their holdings of the business. Swedbank AB lifted its stake in NV5 Global by 366.4% during the 4th quarter. Swedbank AB now owns 1,632,296 shares of the business services provider’s stock worth $30,752,000 after acquiring an additional 1,282,296 shares in the last quarter. Tributary Capital Management LLC lifted its stake 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 acquiring an additional 755,467 shares in the last quarter. Bernzott Capital Advisors acquired a new position in NV5 Global during the 4th quarter worth about $3,721,000. Redwood Grove Capital LLC acquired a new position in NV5 Global during the 3rd quarter worth about $12,599,000. Finally, Woodstock Corp lifted its stake in NV5 Global by 291.7% during the 4th quarter. Woodstock Corp now owns 117,100 shares of the business services provider’s stock worth $2,206,000 after acquiring an additional 87,208 shares in the last quarter. 75.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NVEE has been the topic of several research reports. StockNews.com raised NV5 Global from a “hold” rating to a “buy” rating in a research note on Thursday, December 26th. Robert W. Baird decreased their target price on 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 Activity

In related news, VP Richard Tong sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $20.08, for a total transaction of $401,600.00. Following the completion of the sale, the vice president now owns 45,584 shares in the company, valued at $915,326.72. The trade was a 30.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 12.40% of the company’s stock.

NV5 Global Stock Performance

Shares of NVEE opened at $18.22 on Thursday. The stock has a 50-day simple moving average of $19.36 and a 200-day simple moving average of $21.99. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.05 and a current ratio of 2.05. The stock has a market capitalization of $1.19 billion, a PE ratio of 32.39, a PEG ratio of 2.84 and a beta of 1.23. NV5 Global, Inc. has a 1 year low of $17.92 and a 1 year high of $28.29.

NV5 Global (NASDAQ:NVEE) last announced its quarterly earnings data on Thursday, November 7th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.01). The company had revenue of $250.89 million during the quarter, compared to analysts’ expectations of $250.50 million. NV5 Global had a net margin of 3.86% and a return on equity of 9.45%. During the same quarter in the previous year, the business posted $0.38 EPS. On average, analysts predict that NV5 Global, Inc. will post 1.18 earnings per share for the current fiscal year.

NV5 Global announced that its board has authorized a stock 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 reacquire up to 1.6% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

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.