SG Americas Securities LLC Takes Position in NV5 Global, Inc. (NASDAQ:NVEE)

SG Americas Securities LLC bought a new stake in NV5 Global, Inc. (NASDAQ:NVEE) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 12,466 shares of the business services provider’s stock, valued at approximately $235,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its stake in shares of NV5 Global by 3,950.0% in the 3rd quarter. Blue Trust Inc. now owns 648 shares of the business services provider’s stock valued at $60,000 after purchasing an additional 632 shares during the period. Cetera Trust Company N.A raised its position in NV5 Global by 166.8% during the fourth quarter. Cetera Trust Company N.A now owns 5,710 shares of the business services provider’s stock worth $108,000 after acquiring an additional 3,570 shares in the last quarter. Liberty One Investment Management LLC boosted its stake in shares of NV5 Global by 317.9% during the 4th quarter. Liberty One Investment Management LLC now owns 6,779 shares of the business services provider’s stock worth $128,000 after acquiring an additional 5,157 shares during the period. Heritage Family Offices LLP acquired a new position in NV5 Global in the 4th quarter valued at about $196,000. Finally, Net Worth Advisory Group acquired a new stake in shares of NV5 Global during the third quarter worth $211,000. Institutional investors own 75.54% of the company’s stock.

Wall Street Analysts Forecast Growth

NVEE has been the topic of several recent analyst reports. StockNews.com raised shares of NV5 Global from a “hold” rating to a “buy” rating in a report on Thursday, December 26th. Robert W. Baird dropped their price target on NV5 Global from $26.00 to $25.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th.

NV5 Global Stock Performance

NASDAQ NVEE opened at $18.05 on Friday. NV5 Global, Inc. has a 1 year low of $17.86 and a 1 year high of $28.29. The company has a fifty day moving average price of $19.30 and a 200-day moving average price of $21.96. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of 32.09, a PEG ratio of 2.84 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 earnings results on Thursday, November 7th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.01). The firm had revenue of $250.89 million during the quarter, compared to the consensus estimate of $250.50 million. NV5 Global had a net margin of 3.86% and a return on equity of 9.45%. During the same quarter in the previous year, the firm earned $0.38 earnings per share. As a group, equities research analysts predict that NV5 Global, Inc. will post 1.18 EPS for the current fiscal year.

NV5 Global declared that its Board of Directors has approved a share repurchase plan on Monday, January 6th that allows the company to buyback $20.00 million in outstanding 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.

Insiders Place Their Bets

In related news, VP Richard Tong sold 20,000 shares of NV5 Global stock in a transaction 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 completion of the sale, the vice president now owns 45,584 shares of the company’s stock, valued at approximately $915,326.72. This trade represents a 30.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 12.40% of the company’s stock.

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.