Linden Thomas Advisory Services LLC Purchases 37,384 Shares of NV5 Global, Inc. (NASDAQ:NVEE)

Linden Thomas Advisory Services LLC boosted its position in shares of NV5 Global, Inc. (NASDAQ:NVEE) by 292.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,169 shares of the business services provider’s stock after acquiring an additional 37,384 shares during the period. Linden Thomas Advisory Services LLC owned 0.08% of NV5 Global worth $945,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in NVEE. QV Investors Inc. boosted its stake in NV5 Global by 914.2% in the 4th quarter. QV Investors Inc. now owns 48,580 shares of the business services provider’s stock worth $915,000 after purchasing an additional 43,790 shares in the last quarter. Nordea Investment Management AB lifted its stake in shares of NV5 Global by 313.3% during the fourth quarter. Nordea Investment Management AB now owns 97,546 shares of the business services provider’s stock worth $1,853,000 after buying an additional 73,944 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of NV5 Global by 4.1% during the third quarter. JPMorgan Chase & Co. now owns 62,944 shares of the business services provider’s stock valued at $5,884,000 after buying an additional 2,483 shares during the last quarter. Campbell Newman Asset Management Inc. increased its position in shares of NV5 Global by 297.9% in the 4th quarter. Campbell Newman Asset Management Inc. now owns 70,811 shares of the business services provider’s stock valued at $1,334,000 after acquiring an additional 53,014 shares during the period. Finally, Bernzott Capital Advisors purchased a new position in NV5 Global in the 4th quarter worth $3,721,000. Institutional investors and hedge funds own 75.54% of the company’s stock.

Insider Buying and Selling at NV5 Global

In related news, VP Richard Tong sold 20,000 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $20.08, for a total value of $401,600.00. Following the transaction, the vice president now directly owns 45,584 shares of the company’s stock, valued at approximately $915,326.72. This trade represents a 30.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 12.40% of the company’s stock.

NV5 Global Stock Up 0.3 %

NVEE stock opened at $18.99 on Friday. NV5 Global, Inc. has a one year low of $17.92 and a one year high of $28.29. 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 firm’s fifty day moving average is $19.86 and its 200 day moving average is $22.30. The firm has a market cap of $1.24 billion, a PE ratio of 33.76, a P/E/G ratio of 2.86 and a beta of 1.22.

NV5 Global (NASDAQ:NVEE) last posted its earnings results 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 firm had revenue of $250.89 million for the quarter, compared to analysts’ expectations of $250.50 million. NV5 Global had a return on equity of 9.45% and a net margin of 3.86%. During the same period in the previous year, the company earned $0.38 earnings per share. On average, research analysts forecast that NV5 Global, Inc. will post 1.18 EPS for the current year.

NV5 Global announced that its Board of Directors has approved a stock buyback program on Monday, January 6th that permits the company to buyback $20.00 million in shares. This buyback authorization permits the business services provider to purchase up to 1.6% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

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

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.