Bernzott Capital Advisors Buys New Stake in NV5 Global, Inc. (NASDAQ:NVEE)

Bernzott Capital Advisors bought a new stake in NV5 Global, Inc. (NASDAQ:NVEE) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 197,510 shares of the business services provider’s stock, valued at approximately $3,721,000. Bernzott Capital Advisors owned 0.30% of NV5 Global at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in NVEE. Dimensional Fund Advisors LP lifted its holdings in NV5 Global by 7.2% during the second quarter. Dimensional Fund Advisors LP now owns 582,927 shares of the business services provider’s stock valued at $54,195,000 after purchasing an additional 39,350 shares in the last quarter. Geneva Capital Management LLC lifted its holdings in NV5 Global by 1.3% during the third quarter. Geneva Capital Management LLC now owns 432,721 shares of the business services provider’s stock valued at $40,451,000 after purchasing an additional 5,757 shares in the last quarter. Swedbank AB lifted its holdings in NV5 Global by 27.3% during the third quarter. Swedbank AB now owns 350,000 shares of the business services provider’s stock valued at $32,718,000 after purchasing an additional 75,000 shares in the last quarter. Geode Capital Management LLC lifted its holdings in NV5 Global by 1.6% during the third quarter. Geode Capital Management LLC now owns 327,042 shares of the business services provider’s stock valued at $30,577,000 after purchasing an additional 5,035 shares in the last quarter. Finally, Emerald Advisers LLC lifted its holdings in NV5 Global by 3.2% during the third quarter. Emerald Advisers LLC now owns 280,666 shares of the business services provider’s stock valued at $26,237,000 after purchasing an additional 8,720 shares in the last quarter. 75.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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 transaction 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 trade represents a 30.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 12.40% of the company’s stock.

Wall Street Analysts Forecast Growth

NVEE has been the topic of several recent analyst reports. StockNews.com raised shares of NV5 Global from a “hold” rating to a “buy” rating in a report on Thursday, December 26th. Robert W. Baird decreased their price objective on shares of NV5 Global from $26.00 to $25.00 and set a “neutral” rating on the stock in a report on Friday, November 8th.

NV5 Global Price Performance

Shares of NASDAQ NVEE opened at $19.00 on Friday. The firm has a 50-day simple moving average of $20.49 and a 200-day simple moving average of $22.50. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 33.78, a price-to-earnings-growth ratio of 2.84 and a beta of 1.22. 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 52 week low of $17.92 and a 52 week high of $28.29.

NV5 Global announced that its board has initiated 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 an indication that the company’s management 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.