Dynamic Technology Lab Private Ltd Makes New Investment in NV5 Global, Inc. (NASDAQ:NVEE)

Dynamic Technology Lab Private Ltd acquired a new stake in NV5 Global, Inc. (NASDAQ:NVEE) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 48,204 shares of the business services provider’s stock, valued at approximately $908,000. Dynamic Technology Lab Private Ltd owned about 0.07% of NV5 Global at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the company. Blue Trust Inc. lifted its stake in shares of NV5 Global by 287.7% during the 4th quarter. Blue Trust Inc. now owns 2,512 shares of the business services provider’s stock worth $47,000 after purchasing an additional 1,864 shares during the period. SRS Capital Advisors Inc. increased its stake in NV5 Global by 296.5% in the fourth quarter. SRS Capital Advisors Inc. now owns 3,584 shares of the business services provider’s stock valued at $68,000 after purchasing an additional 2,680 shares during the last quarter. KBC Group NV lifted its position in NV5 Global by 527.5% during the fourth quarter. KBC Group NV now owns 4,223 shares of the business services provider’s stock worth $80,000 after buying an additional 3,550 shares during the period. Essex Investment Management Co. LLC boosted its stake in NV5 Global by 300.0% in the 4th quarter. Essex Investment Management Co. LLC now owns 5,600 shares of the business services provider’s stock worth $106,000 after buying an additional 4,200 shares during the last quarter. Finally, Cetera Trust Company N.A grew its holdings in NV5 Global by 166.8% in the 4th quarter. Cetera Trust Company N.A now owns 5,710 shares of the business services provider’s stock valued at $108,000 after buying an additional 3,570 shares during the period. Hedge funds and other institutional investors own 75.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on NVEE shares. StockNews.com cut shares of NV5 Global from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. 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. Finally, Maxim Group dropped their price objective 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 Trading Down 7.5 %

Shares of NVEE stock opened at $18.00 on Monday. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.30. NV5 Global, Inc. has a fifty-two week low of $16.77 and a fifty-two week high of $26.14. The firm’s 50 day moving average price is $18.25 and its two-hundred day moving average price is $20.27. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of 36.55, a price-to-earnings-growth ratio of 2.63 and a beta of 1.07.

NV5 Global (NASDAQ:NVEE) last posted its earnings results 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). NV5 Global had a net margin of 3.25% and a return on equity of 9.34%. The business had revenue of $246.52 million for the quarter, compared to analyst estimates of $243.46 million. On average, analysts anticipate that NV5 Global, Inc. will post 1.26 EPS for the current year.

NV5 Global announced that its Board of Directors has approved a stock repurchase plan on Monday, January 6th that authorizes the company to buyback $20.00 million in outstanding shares. This buyback authorization authorizes the business services provider to purchase up to 1.6% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.

NV5 Global 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.