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

Emerald Advisers LLC increased its stake in shares of NV5 Global, Inc. (NASDAQ:NVEE) by 150.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 702,679 shares of the business services provider’s stock after purchasing an additional 422,013 shares during the quarter. Emerald Advisers LLC’s holdings in NV5 Global were worth $13,238,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. increased its position in shares of NV5 Global by 287.7% during the fourth 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 in the last quarter. SRS Capital Advisors Inc. raised 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 buying an additional 2,680 shares during the last quarter. KBC Group NV raised its stake in NV5 Global by 527.5% in the fourth quarter. KBC Group NV now owns 4,223 shares of the business services provider’s stock valued at $80,000 after buying an additional 3,550 shares during the last quarter. Essex Investment Management Co. LLC boosted its holdings in NV5 Global by 300.0% in the fourth quarter. Essex Investment Management Co. LLC now owns 5,600 shares of the business services provider’s stock worth $106,000 after acquiring an additional 4,200 shares in the last quarter. Finally, Cetera Trust Company N.A grew its stake in shares of NV5 Global by 166.8% during the fourth quarter. Cetera Trust Company N.A now owns 5,710 shares of the business services provider’s stock worth $108,000 after acquiring an additional 3,570 shares during the last quarter. Institutional investors own 75.54% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Maxim Group lowered 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 note on Friday, February 21st. Roth Mkm lifted their price objective on shares of NV5 Global from $27.00 to $28.00 and gave the stock 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 report on Wednesday, February 19th.

NV5 Global Price Performance

NASDAQ:NVEE opened at $18.70 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.05 and a current ratio of 2.05. NV5 Global, Inc. has a one year low of $16.77 and a one year high of $26.14. The firm’s fifty day moving average is $18.13 and its two-hundred day moving average is $20.52. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of 37.97, a PEG ratio of 2.63 and a beta of 1.22.

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

NV5 Global announced that its board has approved a share 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 stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors 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.