Cambiar Investors LLC Has $1.61 Million Position in NV5 Global, Inc. (NASDAQ:NVEE)

Cambiar Investors LLC raised its holdings in NV5 Global, Inc. (NASDAQ:NVEE) by 272.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 85,303 shares of the business services provider’s stock after acquiring an additional 62,376 shares during the quarter. Cambiar Investors LLC’s holdings in NV5 Global were worth $1,607,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Swedbank AB raised its stake in shares of NV5 Global by 366.4% in the 4th quarter. Swedbank AB now owns 1,632,296 shares of the business services provider’s stock valued at $30,752,000 after acquiring an additional 1,282,296 shares in the last quarter. Tributary Capital Management LLC raised its position in shares of NV5 Global by 397.1% in the fourth quarter. Tributary Capital Management LLC now owns 945,709 shares of the business services provider’s stock valued at $17,817,000 after purchasing an additional 755,467 shares during the period. Geneva Capital Management LLC lifted its stake in shares of NV5 Global by 1.3% in the third quarter. Geneva Capital Management LLC now owns 432,721 shares of the business services provider’s stock worth $40,451,000 after buying an additional 5,757 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of NV5 Global by 1.6% in the third quarter. Geode Capital Management LLC now owns 327,042 shares of the business services provider’s stock worth $30,577,000 after buying an additional 5,035 shares during the last quarter. Finally, Emerald Advisers LLC boosted its holdings in shares of NV5 Global by 3.2% during the 3rd quarter. Emerald Advisers LLC now owns 280,666 shares of the business services provider’s stock worth $26,237,000 after buying an additional 8,720 shares during the period. 75.54% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

NVEE has been the subject of a number of research analyst reports. Robert W. Baird cut their target price on shares of NV5 Global from $26.00 to $25.00 and set a “neutral” rating for the company in a research report on Friday, November 8th. StockNews.com upgraded NV5 Global from a “hold” rating to a “buy” rating in a research note on Thursday, December 26th.

Insiders Place Their Bets

In related news, VP Richard Tong sold 20,000 shares of the company’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $20.08, for a total value of $401,600.00. Following the completion of the transaction, 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 available through this hyperlink. Company insiders own 12.40% of the company’s stock.

NV5 Global Stock Up 0.7 %

NVEE opened at $18.12 on Wednesday. The business has a 50 day moving average of $19.07 and a 200-day moving average of $21.78. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 32.21, a P/E/G ratio of 2.73 and a beta of 1.23. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.30. NV5 Global, Inc. has a 1-year low of $17.69 and a 1-year high of $28.29.

NV5 Global declared that its board has approved a share repurchase program on Monday, January 6th that allows the company to buyback $20.00 million in shares. This buyback authorization allows the business services provider to repurchase up to 1.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

About NV5 Global

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.