Cruiser Capital Advisors LLC Purchases 107,356 Shares of NV5 Global, Inc. (NASDAQ:NVEE)

Cruiser Capital Advisors LLC raised its position in NV5 Global, Inc. (NASDAQ:NVEE) by 391.1% in the 4th quarter, Holdings Channel reports. The firm owned 134,808 shares of the business services provider’s stock after buying an additional 107,356 shares during the quarter. NV5 Global accounts for 1.4% of Cruiser Capital Advisors LLC’s holdings, making the stock its 12th largest position. Cruiser Capital Advisors LLC’s holdings in NV5 Global were worth $2,540,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Blue Trust Inc. boosted its stake in NV5 Global by 287.7% during the fourth quarter. Blue Trust Inc. now owns 2,512 shares of the business services provider’s stock valued at $47,000 after buying an additional 1,864 shares during the period. SRS Capital Advisors Inc. raised 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 acquiring an additional 2,680 shares in the last quarter. KBC Group NV boosted its position in shares of NV5 Global by 527.5% during the 4th quarter. KBC Group NV now owns 4,223 shares of the business services provider’s stock valued at $80,000 after acquiring an additional 3,550 shares during the last quarter. Intech Investment Management LLC purchased a new position in shares of NV5 Global during the third quarter worth about $488,000. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of NV5 Global in the third quarter worth approximately $492,000. 75.54% of the stock is currently owned by hedge funds and other institutional investors.

NV5 Global Trading Up 3.6 %

NVEE stock opened at $19.37 on Tuesday. The company has a market capitalization of $1.26 billion, a PE ratio of 39.33, a price-to-earnings-growth ratio of 2.63 and a beta of 1.22. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.05 and a current ratio of 2.05. NV5 Global, Inc. has a one year low of $16.77 and a one year high of $26.14. The company’s 50 day moving average price is $18.15 and its two-hundred day moving average price is $20.48.

NV5 Global (NASDAQ:NVEE) last posted its quarterly earnings results on Thursday, February 20th. The business services provider reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.02). NV5 Global had a return on equity of 9.34% and a net margin of 3.25%. The business had revenue of $246.52 million during the quarter, compared to the consensus estimate of $243.46 million. As a group, analysts predict that NV5 Global, Inc. will post 1.26 earnings per share for the current fiscal year.

NV5 Global declared that its Board of Directors has approved a share buyback program on Monday, January 6th that authorizes the company to repurchase $20.00 million in outstanding shares. This repurchase authorization authorizes the business services provider to purchase up to 1.6% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Roth Mkm lifted their target price on shares of NV5 Global from $27.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Maxim Group cut their target price on shares of NV5 Global from $29.00 to $24.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Finally, StockNews.com downgraded NV5 Global from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th.

NV5 Global 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.