NV5 Global, Inc. (NASDAQ:NVEE) Shares Purchased by King Luther Capital Management Corp

King Luther Capital Management Corp raised its holdings in NV5 Global, Inc. (NASDAQ:NVEE) by 302.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 150,475 shares of the business services provider’s stock after buying an additional 113,065 shares during the quarter. King Luther Capital Management Corp’s holdings in NV5 Global were worth $2,835,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of NVEE. Blue Trust Inc. grew its holdings in NV5 Global by 287.7% in 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 period. SRS Capital Advisors Inc. boosted its holdings in shares of NV5 Global by 296.5% in the 4th 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 last quarter. KBC Group NV boosted its holdings in shares of NV5 Global by 527.5% in the 4th quarter. KBC Group NV now owns 4,223 shares of the business services provider’s stock valued at $80,000 after purchasing an additional 3,550 shares during the last quarter. Essex Investment Management Co. LLC increased its holdings in shares of NV5 Global by 300.0% during the 4th 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 last quarter. Finally, Cetera Trust Company N.A raised its position in shares of 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 during the period. Institutional investors and hedge funds own 75.54% of the company’s stock.

NV5 Global Trading Down 2.0 %

NASDAQ:NVEE opened at $17.41 on Thursday. The business’s 50-day moving average is $18.19 and its two-hundred day moving average is $20.79. The firm has a market capitalization of $1.14 billion, a PE ratio of 35.35, a price-to-earnings-growth ratio of 2.63 and a beta of 1.22. NV5 Global, Inc. has a 12 month low of $16.77 and a 12 month high of $26.14. 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 posted its earnings results 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 company had revenue of $246.52 million during the quarter, compared to analyst estimates of $243.46 million. NV5 Global had a net margin of 3.25% and a return on equity of 9.34%. Research analysts predict that NV5 Global, Inc. will post 1.26 earnings per share for the current fiscal year.

NV5 Global declared that its board has authorized a share repurchase plan on Monday, January 6th that permits the company to repurchase $20.00 million in shares. This repurchase authorization permits the business services provider to purchase up to 1.6% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

NVEE has been the subject of a number of research reports. Maxim Group lowered their price target 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. Roth Mkm boosted their target price on NV5 Global from $27.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Finally, StockNews.com lowered shares of NV5 Global from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th.

Insider Activity

In related news, VP Richard Tong sold 20,000 shares of the firm’s stock in a transaction on Friday, December 13th. The shares were 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 directly owns 45,584 shares of the company’s stock, valued at approximately $915,326.72. This trade represents a 30.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 12.40% of the company’s stock.

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.