Richard Tong Sells 20,000 Shares of NV5 Global, Inc. (NASDAQ:NVEE) Stock

NV5 Global, Inc. (NASDAQ:NVEE) VP Richard Tong sold 20,000 shares of NV5 Global stock in a transaction that occurred 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 transaction, the vice president now directly owns 45,584 shares in the company, valued at $915,326.72. This represents a 30.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

NV5 Global Stock Down 0.9 %

Shares of NASDAQ:NVEE opened at $19.32 on Thursday. 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 company has a market capitalization of $1.26 billion, a PE ratio of 34.35, a P/E/G ratio of 3.21 and a beta of 1.19. NV5 Global, Inc. has a 52 week low of $19.16 and a 52 week high of $28.75. The company’s fifty day moving average is $22.27 and its 200-day moving average is $23.08.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Redwood Grove Capital LLC acquired a new position in shares of NV5 Global in the 3rd quarter valued at approximately $12,599,000. Swedbank AB boosted its position in shares of NV5 Global by 27.3% in the third quarter. Swedbank AB now owns 350,000 shares of the business services provider’s stock valued at $32,718,000 after acquiring an additional 75,000 shares during the period. Oak Ridge Investments LLC grew its position in shares of NV5 Global by 287.2% during the 3rd quarter. Oak Ridge Investments LLC now owns 98,124 shares of the business services provider’s stock worth $9,173,000 after purchasing an additional 72,780 shares in the last quarter. American Century Companies Inc. increased its stake in NV5 Global by 16.6% during the 2nd quarter. American Century Companies Inc. now owns 456,722 shares of the business services provider’s stock worth $42,461,000 after acquiring an additional 65,186 shares during the period. Finally, Squarepoint Ops LLC increased its position in shares of NV5 Global by 1,671.2% in the second quarter. Squarepoint Ops LLC now owns 60,149 shares of the business services provider’s stock worth $5,592,000 after purchasing an additional 56,753 shares during the period. 75.54% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on NVEE. StockNews.com downgraded shares of NV5 Global from a “buy” rating to a “hold” rating in a research note on Wednesday. Robert W. Baird cut their price target on shares of NV5 Global from $26.00 to $25.00 and set a “neutral” rating on the stock in a report on Friday, November 8th.

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.