Versor Investments LP Grows Stock Position in NV5 Global, Inc. (NASDAQ:NVEE)

Versor Investments LP grew its position in shares of NV5 Global, Inc. (NASDAQ:NVEE) by 295.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,624 shares of the business services provider’s stock after acquiring an additional 12,418 shares during the period. Versor Investments LP’s holdings in NV5 Global were worth $313,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Blue Trust Inc. lifted its holdings in shares of NV5 Global by 287.7% during the fourth quarter. Blue Trust Inc. now owns 2,512 shares of the business services provider’s stock valued at $47,000 after purchasing an additional 1,864 shares during the last quarter. KBC Group NV raised its holdings in NV5 Global by 527.5% in the 4th quarter. KBC Group NV now owns 4,223 shares of the business services provider’s stock worth $80,000 after acquiring an additional 3,550 shares during the last quarter. Cetera Trust Company N.A increased its holdings in NV5 Global by 166.8% in the 4th quarter. Cetera Trust Company N.A now owns 5,710 shares of the business services provider’s stock worth $108,000 after buying an additional 3,570 shares in the last quarter. Liberty One Investment Management LLC raised its position in NV5 Global by 317.9% in the 4th 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 during the last quarter. Finally, Handelsbanken Fonder AB raised its position in NV5 Global by 260.7% in the 4th quarter. Handelsbanken Fonder AB now owns 10,100 shares of the business services provider’s stock worth $190,000 after buying an additional 7,300 shares during the last quarter. 75.54% of the stock is currently owned by hedge funds and other institutional investors.

NV5 Global Trading Down 3.7 %

NASDAQ:NVEE opened at $17.39 on Tuesday. NV5 Global, Inc. has a one year low of $16.77 and a one year high of $26.14. The business has a fifty day moving average price of $18.33 and a 200-day moving average price of $21.06. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of 35.31, 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 (NASDAQ:NVEE) last issued its quarterly earnings results 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 return on equity of 9.34% and a net margin of 3.25%. The company had revenue of $246.52 million during the quarter, compared to analysts’ expectations of $243.46 million. Sell-side analysts forecast that NV5 Global, Inc. will post 1.26 EPS for the current year.

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

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. StockNews.com downgraded shares of NV5 Global from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Robert W. Baird lowered their price target on NV5 Global from $26.00 to $25.00 and set a “neutral” rating on the stock in a report on Friday, November 8th. Roth Mkm raised their price target on NV5 Global from $27.00 to $28.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Finally, Maxim Group reduced their price objective on NV5 Global from $29.00 to $24.00 and set a “buy” rating for the company in a research report on Friday, February 21st.

Insider Buying and Selling

In other NV5 Global news, VP Richard Tong sold 20,000 shares of the company’s stock in a transaction that occurred 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 transaction, the vice president now directly owns 45,584 shares in the company, valued at $915,326.72. This represents a 30.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 12.40% of the stock is currently owned by insiders.

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.