NV5 Global, Inc. (NASDAQ:NVEE) Shares Bought by Liberty One Investment Management LLC

Liberty One Investment Management LLC lifted its position in shares of NV5 Global, Inc. (NASDAQ:NVEE) by 317.9% during the fourth quarter, HoldingsChannel reports. The fund owned 6,779 shares of the business services provider’s stock after acquiring an additional 5,157 shares during the quarter. Liberty One Investment Management LLC’s holdings in NV5 Global were worth $128,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NVEE. Woodstock Corp increased its holdings in shares of NV5 Global by 291.7% in the 4th quarter. Woodstock Corp now owns 117,100 shares of the business services provider’s stock valued at $2,206,000 after purchasing an additional 87,208 shares in the last quarter. Bernzott Capital Advisors purchased a new position in NV5 Global during the fourth quarter worth $3,721,000. Heritage Family Offices LLP acquired a new stake in shares of NV5 Global during the 4th quarter worth about $196,000. Campbell Newman Asset Management Inc. raised its holdings in NV5 Global by 297.9% in the 4th quarter. Campbell Newman Asset Management Inc. now owns 70,811 shares of the business services provider’s stock valued at $1,334,000 after acquiring an additional 53,014 shares during the last quarter. Finally, QV Investors Inc. lifted its position in NV5 Global by 914.2% during the fourth quarter. QV Investors Inc. now owns 48,580 shares of the business services provider’s stock worth $915,000 after buying an additional 43,790 shares during the period. Institutional investors and hedge funds own 75.54% of the company’s stock.

NV5 Global Price Performance

NVEE opened at $18.41 on Monday. NV5 Global, Inc. has a fifty-two week low of $17.92 and a fifty-two week high of $28.29. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.30. The company’s 50-day moving average price is $20.27 and its 200 day moving average price is $22.44. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of 32.73, a price-to-earnings-growth ratio of 2.84 and a beta of 1.22.

NV5 Global announced that its Board of Directors has approved a stock repurchase plan on Monday, January 6th that authorizes the company to buyback $20.00 million in shares. This buyback authorization authorizes the business services provider to repurchase up to 1.6% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Insider Transactions at NV5 Global

In other news, VP Richard Tong sold 20,000 shares of the business’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $20.08, for a total value of $401,600.00. Following the sale, the vice president now owns 45,584 shares of the company’s stock, valued at approximately $915,326.72. The trade was a 30.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 12.40% of the company’s stock.

Analyst Upgrades and Downgrades

NVEE has been the subject of a number of research analyst reports. StockNews.com upgraded NV5 Global from a “hold” rating to a “buy” rating in a report on Thursday, December 26th. Robert W. Baird lowered their target price on NV5 Global from $26.00 to $25.00 and set a “neutral” rating for the company in a research note on Friday, November 8th.

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.