Emerald Advisers LLC Boosts Stock Position in NV5 Global, Inc. (NASDAQ:NVEE)

Emerald Advisers LLC boosted its position in shares of NV5 Global, Inc. (NASDAQ:NVEE) by 150.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 702,679 shares of the business services provider’s stock after acquiring an additional 422,013 shares during the period. Emerald Advisers LLC owned 1.08% of NV5 Global worth $13,238,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in 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 valued at $70,875,000 after buying an additional 2,793,280 shares in the last quarter. LPL Financial LLC boosted its stake in shares of NV5 Global by 362.2% in the fourth quarter. LPL Financial LLC now owns 46,805 shares of the business services provider’s stock worth $882,000 after acquiring an additional 36,678 shares during the period. Fox Run Management L.L.C. bought a new position in shares of NV5 Global in the fourth quarter worth about $323,000. KLP Kapitalforvaltning AS bought a new stake in NV5 Global during the 4th quarter valued at approximately $241,000. Finally, AXQ Capital LP purchased a new position in NV5 Global in the 4th quarter worth approximately $253,000. Hedge funds and other institutional investors own 75.54% of the company’s stock.

Analyst Ratings Changes

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

NV5 Global Trading Down 0.9 %

Shares of NASDAQ NVEE opened at $18.70 on Friday. The stock has a market capitalization of $1.22 billion, a P/E ratio of 37.97, a PEG ratio of 2.63 and a beta of 1.22. NV5 Global, Inc. has a 1-year low of $16.77 and a 1-year high of $26.14. The business’s 50 day moving average is $18.13 and its two-hundred day moving average is $20.52. 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 (NASDAQ:NVEE) last posted its quarterly earnings data 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). NV5 Global had a return on equity of 9.34% and a net margin of 3.25%. The firm had revenue of $246.52 million during the quarter, compared to analysts’ expectations of $243.46 million. As a group, research analysts expect that NV5 Global, Inc. will post 1.26 EPS for the current year.

NV5 Global announced 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 shares. This repurchase authorization permits the business services provider to buy up to 1.6% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

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.