Fox Run Management L.L.C. Invests $323,000 in NV5 Global, Inc. (NASDAQ:NVEE)

Fox Run Management L.L.C. purchased a new stake in NV5 Global, Inc. (NASDAQ:NVEE) during the 4th quarter, Holdings Channel.com reports. The fund purchased 17,127 shares of the business services provider’s stock, valued at approximately $323,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NVEE. Blue Trust Inc. increased its position in shares of NV5 Global by 287.7% in the fourth quarter. Blue Trust Inc. now owns 2,512 shares of the business services provider’s stock worth $47,000 after acquiring an additional 1,864 shares in the last quarter. SRS Capital Advisors Inc. raised its position in NV5 Global by 296.5% in the fourth quarter. SRS Capital Advisors Inc. now owns 3,584 shares of the business services provider’s stock valued at $68,000 after purchasing an additional 2,680 shares during the period. KBC Group NV lifted its stake in shares of NV5 Global by 527.5% during the fourth quarter. KBC Group NV now owns 4,223 shares of the business services provider’s stock worth $80,000 after purchasing an additional 3,550 shares in the last quarter. Essex Investment Management Co. LLC boosted its position in shares of NV5 Global by 300.0% in the fourth quarter. Essex Investment Management Co. LLC now owns 5,600 shares of the business services provider’s stock worth $106,000 after buying an additional 4,200 shares during the period. Finally, Cetera Trust Company N.A grew its stake in shares of NV5 Global by 166.8% in the fourth quarter. Cetera Trust Company N.A now owns 5,710 shares of the business services provider’s stock valued at $108,000 after buying an additional 3,570 shares in the last quarter. 75.54% of the stock is owned by institutional investors and hedge funds.

NV5 Global Price Performance

Shares of NASDAQ NVEE opened at $19.06 on Thursday. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.30. NV5 Global, Inc. has a fifty-two week low of $16.77 and a fifty-two week high of $26.14. The business has a 50 day moving average price of $18.20 and a two-hundred day moving average price of $20.45. The firm has a market cap of $1.24 billion, a PE ratio of 38.70, a price-to-earnings-growth ratio of 2.63 and a beta of 1.22.

NV5 Global (NASDAQ:NVEE) last released its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). The company had revenue of $246.52 million for the quarter, compared to analyst estimates of $243.46 million. NV5 Global had a return on equity of 9.34% and a net margin of 3.25%. Sell-side analysts expect that NV5 Global, Inc. will post 1.26 earnings per share for the current fiscal year.

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

Analysts Set New Price Targets

Several equities analysts recently commented on the company. StockNews.com lowered NV5 Global from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Maxim Group lowered their price target on shares of NV5 Global from $29.00 to $24.00 and set a “buy” rating for the company in a 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 stock a “buy” rating in a research note on Friday, February 21st.

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.