Dynamic Technology Lab Private Ltd Invests $908,000 in NV5 Global, Inc. (NASDAQ:NVEE)

Dynamic Technology Lab Private Ltd purchased a new stake in NV5 Global, Inc. (NASDAQ:NVEE) in the fourth quarter, Holdings Channel.com reports. The firm purchased 48,204 shares of the business services provider’s stock, valued at approximately $908,000.

A number of other hedge funds have also recently bought and sold shares of NVEE. Blue Trust Inc. raised its position in shares of NV5 Global by 287.7% in the 4th quarter. Blue Trust Inc. now owns 2,512 shares of the business services provider’s stock valued at $47,000 after purchasing an additional 1,864 shares in the last quarter. SRS Capital Advisors Inc. increased its stake in shares of 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 worth $68,000 after buying an additional 2,680 shares during the last quarter. KBC Group NV raised its holdings 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 acquiring an additional 3,550 shares in the last quarter. Essex Investment Management Co. LLC boosted its stake in NV5 Global by 300.0% during the 4th quarter. Essex Investment Management Co. LLC now owns 5,600 shares of the business services provider’s stock valued at $106,000 after acquiring an additional 4,200 shares during the last quarter. Finally, Cetera Trust Company N.A grew its holdings in NV5 Global by 166.8% during the 4th 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 in the last quarter. Institutional investors and hedge funds own 75.54% of the company’s stock.

NV5 Global Stock Performance

Shares of NASDAQ NVEE 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. The firm’s 50-day moving average price is $18.25 and its two-hundred day moving average price is $20.27. NV5 Global, Inc. has a 52-week low of $16.77 and a 52-week high of $26.14. The stock has a market capitalization of $1.17 billion, a P/E ratio of 36.55, a P/E/G ratio of 2.63 and a beta of 1.07.

NV5 Global (NASDAQ:NVEE) last issued its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.28 EPS 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 company had revenue of $246.52 million for the quarter, compared to the consensus estimate of $243.46 million. As a group, sell-side analysts forecast that NV5 Global, Inc. will post 1.26 earnings per share for the current year.

NV5 Global declared that its board has approved a stock repurchase program on Monday, January 6th that permits the company to repurchase $20.00 million in shares. This repurchase authorization permits the business services provider to reacquire up to 1.6% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

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

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.