NV5 Global, Inc. (NASDAQ:NVEE) Shares Purchased by Chatham Capital Group Inc.

Chatham Capital Group Inc. boosted its position in NV5 Global, Inc. (NASDAQ:NVEE) by 297.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 76,505 shares of the business services provider’s stock after acquiring an additional 57,275 shares during the quarter. Chatham Capital Group Inc. owned 0.12% of NV5 Global worth $1,441,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NVEE. Swedbank AB lifted its stake in shares of NV5 Global by 366.4% during the fourth quarter. Swedbank AB now owns 1,632,296 shares of the business services provider’s stock worth $30,752,000 after purchasing an additional 1,282,296 shares in the last quarter. Geneva Capital Management LLC lifted its stake in shares of NV5 Global by 274.0% during the fourth quarter. Geneva Capital Management LLC now owns 1,618,475 shares of the business services provider’s stock worth $30,492,000 after purchasing an additional 1,185,754 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of NV5 Global by 1,572.9% during the fourth quarter. Bank of New York Mellon Corp now owns 1,510,725 shares of the business services provider’s stock worth $28,462,000 after purchasing an additional 1,420,417 shares in the last quarter. Tributary Capital Management LLC lifted its stake in shares of NV5 Global by 397.1% during the fourth quarter. Tributary Capital Management LLC now owns 945,709 shares of the business services provider’s stock worth $17,817,000 after purchasing an additional 755,467 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of NV5 Global by 325.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 686,061 shares of the business services provider’s stock worth $12,925,000 after purchasing an additional 524,937 shares in the last quarter. Institutional investors and hedge funds own 75.54% of the company’s stock.

NV5 Global Stock Performance

NVEE opened at $17.95 on Friday. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of 36.45, a price-to-earnings-growth ratio of 2.63 and a beta of 1.23. 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, Inc. has a 1-year low of $16.77 and a 1-year high of $26.14. The business has a 50 day moving average price of $18.27 and a two-hundred day moving average price of $20.97.

NV5 Global (NASDAQ:NVEE) last announced 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 net margin of 3.25% and a return on equity of 9.34%. The company had revenue of $246.52 million for the quarter, compared to analyst estimates of $243.46 million. Research analysts predict that NV5 Global, Inc. will post 1.26 EPS for the current fiscal year.

NV5 Global announced that its board has initiated a share buyback plan 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 plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling at NV5 Global

In related news, VP Richard Tong sold 20,000 shares of the company’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $20.08, for a total value of $401,600.00. Following the completion of the sale, the vice president now directly owns 45,584 shares in the company, valued at approximately $915,326.72. This represents a 30.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 12.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on NVEE. Roth Mkm lifted their target price on NV5 Global from $27.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Maxim Group dropped their target price on NV5 Global from $29.00 to $24.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. StockNews.com lowered NV5 Global from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Finally, Robert W. Baird dropped their target price on NV5 Global from $26.00 to $25.00 and set a “neutral” rating on the stock in a research report on Friday, November 8th.

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.