Heritage Family Offices LLP Acquires New Shares in NV5 Global, Inc. (NASDAQ:NVEE)

Heritage Family Offices LLP bought a new position in NV5 Global, Inc. (NASDAQ:NVEE) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 10,384 shares of the business services provider’s stock, valued at approximately $196,000.

Several other hedge funds have also recently modified their holdings of the business. Campbell Newman Asset Management Inc. boosted its position in shares of NV5 Global by 297.9% during the fourth quarter. Campbell Newman Asset Management Inc. now owns 70,811 shares of the business services provider’s stock valued at $1,334,000 after buying an additional 53,014 shares during the last quarter. QV Investors Inc. boosted its holdings in shares of NV5 Global by 914.2% during the 4th quarter. QV Investors Inc. now owns 48,580 shares of the business services provider’s stock valued at $915,000 after acquiring an additional 43,790 shares during the last quarter. Nordea Investment Management AB grew its stake in shares of NV5 Global by 313.3% in the fourth quarter. Nordea Investment Management AB now owns 97,546 shares of the business services provider’s stock worth $1,853,000 after acquiring an additional 73,944 shares during the period. JPMorgan Chase & Co. grew its stake in shares of NV5 Global by 4.1% in the third quarter. JPMorgan Chase & Co. now owns 62,944 shares of the business services provider’s stock worth $5,884,000 after acquiring an additional 2,483 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of NV5 Global by 1.6% during the third quarter. Geode Capital Management LLC now owns 327,042 shares of the business services provider’s stock valued at $30,577,000 after purchasing an additional 5,035 shares during the last quarter. Hedge funds and other institutional investors own 75.54% of the company’s stock.

Insider Transactions at NV5 Global

In other NV5 Global news, VP Richard Tong sold 20,000 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $20.08, for a total value of $401,600.00. Following the completion of the sale, the vice president now owns 45,584 shares in the company, valued at $915,326.72. This represents a 30.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 12.40% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on NVEE shares. StockNews.com upgraded shares of NV5 Global from a “hold” rating to a “buy” rating in a report on Thursday, December 26th. Robert W. Baird cut their price objective on NV5 Global from $26.00 to $25.00 and set a “neutral” rating for the company in a report on Friday, November 8th.

NV5 Global Stock Performance

Shares of NASDAQ NVEE opened at $19.00 on Friday. NV5 Global, Inc. has a 12-month low of $17.92 and a 12-month high of $28.29. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of 33.78, a price-to-earnings-growth ratio of 2.84 and a beta of 1.22. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.30. The firm has a 50 day moving average of $20.49 and a 200 day moving average of $22.50.

NV5 Global announced that its board has initiated a stock buyback program 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 programs are generally a sign that the company’s management believes its stock is undervalued.

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.