NV5 Global, Inc. (NASDAQ:NVEE) Shares Acquired by Pacific Ridge Capital Partners LLC

Pacific Ridge Capital Partners LLC boosted its stake in NV5 Global, Inc. (NASDAQ:NVEE) by 300.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 16,756 shares of the business services provider’s stock after purchasing an additional 12,567 shares during the period. Pacific Ridge Capital Partners LLC’s holdings in NV5 Global were worth $316,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its holdings in shares of NV5 Global by 326.4% in the 4th quarter. JPMorgan Chase & Co. now owns 268,377 shares of the business services provider’s stock worth $5,056,000 after acquiring an additional 205,433 shares during the period. Neumeier Poma Investment Counsel LLC increased its stake in shares of NV5 Global by 214.0% in the fourth quarter. Neumeier Poma Investment Counsel LLC now owns 612,252 shares of the business services provider’s stock valued at $11,535,000 after purchasing an additional 417,266 shares during the period. Cruiser Capital Advisors LLC raised its holdings in shares of NV5 Global by 391.1% during the fourth quarter. Cruiser Capital Advisors LLC now owns 134,808 shares of the business services provider’s stock valued at $2,540,000 after buying an additional 107,356 shares during the last quarter. EntryPoint Capital LLC acquired a new position in shares of NV5 Global during the fourth quarter worth approximately $633,000. Finally, Prudential Financial Inc. grew its holdings in NV5 Global by 276.3% in the 4th quarter. Prudential Financial Inc. now owns 52,564 shares of the business services provider’s stock worth $990,000 after buying an additional 38,594 shares in the last quarter. 75.54% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Maxim Group cut their target price on NV5 Global from $29.00 to $24.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Roth Mkm raised their target price on shares of NV5 Global from $27.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Finally, StockNews.com cut shares of NV5 Global from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th.

NV5 Global Trading Down 1.9 %

NV5 Global stock opened at $19.06 on Thursday. NV5 Global, Inc. has a 52 week low of $16.77 and a 52 week high of $26.14. 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 firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of 38.70, a P/E/G ratio of 2.63 and a beta of 1.22. The company has a 50 day moving average price of $18.20 and a 200 day moving average price of $20.45.

NV5 Global (NASDAQ:NVEE) last issued 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 business 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%. Research analysts forecast that NV5 Global, Inc. will post 1.26 EPS for the current year.

NV5 Global announced that its board has initiated a share repurchase program on Monday, January 6th that authorizes the company to repurchase $20.00 million in shares. This repurchase authorization authorizes the business services provider to repurchase up to 1.6% of its shares through open market purchases. Shares repurchase programs are typically a sign 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.