Campbell Newman Asset Management Inc. grew its position in NV5 Global, Inc. (NASDAQ:NVEE – Free Report) by 297.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 70,811 shares of the business services provider’s stock after purchasing an additional 53,014 shares during the period. Campbell Newman Asset Management Inc. owned approximately 0.11% of NV5 Global worth $1,334,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of NVEE. Dimensional Fund Advisors LP increased its stake in NV5 Global by 7.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 582,927 shares of the business services provider’s stock valued at $54,195,000 after buying an additional 39,350 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of NV5 Global by 16.6% in the 2nd quarter. American Century Companies Inc. now owns 456,722 shares of the business services provider’s stock valued at $42,461,000 after acquiring an additional 65,186 shares in the last quarter. Geneva Capital Management LLC increased its position 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 valued at $40,451,000 after acquiring an additional 5,757 shares during the last quarter. Swedbank AB raised 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 worth $32,718,000 after acquiring an additional 75,000 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position 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 during the last quarter. 75.54% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at NV5 Global
In related news, VP Richard Tong sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $20.08, for a total transaction 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. The trade was 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. Corporate insiders own 12.40% of the company’s stock.
Analyst Ratings Changes
View Our Latest Stock Analysis on NV5 Global
NV5 Global Stock Performance
NASDAQ:NVEE traded up $0.46 during mid-day trading on Wednesday, hitting $18.47. The stock had a trading volume of 69,707 shares, compared to its average volume of 440,451. NV5 Global, Inc. has a twelve month low of $17.98 and a twelve month 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 stock has a market cap of $1.20 billion, a price-to-earnings ratio of 32.84, a PEG ratio of 3.21 and a beta of 1.22. The company’s 50 day simple moving average is $20.64 and its 200 day simple moving average is $22.53.
NV5 Global declared that its board has approved a stock buyback plan on Monday, January 6th that authorizes the company to repurchase $20.00 million in outstanding shares. This repurchase authorization authorizes the business services provider to purchase up to 1.6% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors 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.
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