Tributary Capital Management LLC Grows Position in NV5 Global, Inc. (NASDAQ:NVEE)

Tributary Capital Management LLC grew its holdings in NV5 Global, Inc. (NASDAQ:NVEE) by 397.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 945,709 shares of the business services provider’s stock after buying an additional 755,467 shares during the quarter. Tributary Capital Management LLC’s holdings in NV5 Global were worth $17,817,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of NVEE. Blue Trust Inc. raised its holdings in NV5 Global by 3,950.0% during the 3rd quarter. Blue Trust Inc. now owns 648 shares of the business services provider’s stock valued at $60,000 after acquiring an additional 632 shares during the period. Cetera Trust Company N.A raised its stake in shares of 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 valued at $108,000 after purchasing an additional 3,570 shares during the period. Liberty One Investment Management LLC lifted its holdings in shares of NV5 Global by 317.9% in the fourth quarter. Liberty One Investment Management LLC now owns 6,779 shares of the business services provider’s stock worth $128,000 after buying an additional 5,157 shares in the last quarter. Heritage Family Offices LLP purchased a new stake in NV5 Global in the 4th quarter worth approximately $196,000. Finally, Net Worth Advisory Group bought a new stake in NV5 Global during the third quarter valued at $211,000. 75.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other 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 completion of the sale, the vice president now owns 45,584 shares in the company, valued at approximately $915,326.72. This trade represents a 30.50 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 12.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on NVEE shares. Robert W. Baird reduced their price target on shares of NV5 Global from $26.00 to $25.00 and set a “neutral” rating on the stock in a research report on Friday, November 8th. StockNews.com raised NV5 Global from a “hold” rating to a “buy” rating in a research note on Thursday, December 26th.

NV5 Global Stock Performance

Shares of NVEE 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 firm has a market capitalization of $1.24 billion, a P/E ratio of 33.76, a PEG ratio of 2.86 and a beta of 1.22. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.05 and a quick ratio of 2.05. The business has a fifty day moving average of $19.92 and a 200 day moving average of $22.33.

NV5 Global (NASDAQ:NVEE) last issued its quarterly earnings results on Thursday, November 7th. The business services provider reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.01). NV5 Global had a net margin of 3.86% and a return on equity of 9.45%. The firm had revenue of $250.89 million for the quarter, compared to analysts’ expectations of $250.50 million. During the same period in the prior year, the firm earned $0.38 EPS. As a group, sell-side analysts anticipate that NV5 Global, Inc. will post 1.18 EPS for the current year.

NV5 Global announced that its Board of Directors has authorized 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 shares through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its stock is undervalued.

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.