33,573 Shares in NV5 Global, Inc. (NASDAQ:NVEE) Acquired by EntryPoint Capital LLC

EntryPoint Capital LLC bought a new stake in shares of NV5 Global, Inc. (NASDAQ:NVEE) during the fourth quarter, HoldingsChannel reports. The fund bought 33,573 shares of the business services provider’s stock, valued at approximately $633,000.

Several other hedge funds also recently bought and sold shares of the stock. BNP Paribas Financial Markets lifted its holdings in shares of NV5 Global by 12.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,342 shares of the business services provider’s stock worth $593,000 after acquiring an additional 703 shares during the period. Blue Trust Inc. raised its stake in NV5 Global by 287.7% during the fourth quarter. Blue Trust Inc. now owns 2,512 shares of the business services provider’s stock worth $47,000 after purchasing an additional 1,864 shares during the period. Janus Henderson Group PLC grew its stake in shares of NV5 Global by 42.5% during the 3rd quarter. Janus Henderson Group PLC now owns 8,040 shares of the business services provider’s stock valued at $750,000 after buying an additional 2,396 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of NV5 Global by 4.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 62,944 shares of the business services provider’s stock worth $5,884,000 after buying an additional 2,483 shares during the last quarter. Finally, SRS Capital Advisors Inc. increased its holdings in shares of NV5 Global by 296.5% during the 4th quarter. SRS Capital Advisors Inc. now owns 3,584 shares of the business services provider’s stock worth $68,000 after buying an additional 2,680 shares during the last quarter. Hedge funds and other institutional investors own 75.54% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on NVEE shares. StockNews.com downgraded NV5 Global from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Maxim Group dropped their target price on shares of NV5 Global from $29.00 to $24.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Finally, Roth Mkm lifted their price target on shares of NV5 Global from $27.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, February 21st.

NV5 Global Price Performance

Shares of NASDAQ NVEE opened at $19.37 on Tuesday. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of 39.33, a PEG ratio of 2.63 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. NV5 Global, Inc. has a 1-year low of $16.77 and a 1-year high of $26.14. The business has a 50-day moving average of $18.15 and a 200-day moving average of $20.48.

NV5 Global (NASDAQ:NVEE) last posted its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). The firm had revenue of $246.52 million for the quarter, compared to analysts’ expectations of $243.46 million. NV5 Global had a net margin of 3.25% and a return on equity of 9.34%. On average, equities analysts anticipate that NV5 Global, Inc. will post 1.26 EPS for the current fiscal year.

NV5 Global announced that its Board of Directors has authorized a stock repurchase plan on Monday, January 6th that allows the company to buyback $20.00 million in shares. This buyback authorization allows the business services provider to purchase up to 1.6% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors 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.