Graham Capital Management L.P. Invests $199,000 in NV5 Global, Inc. (NASDAQ:NVEE)

Graham Capital Management L.P. purchased a new stake in shares of NV5 Global, Inc. (NASDAQ:NVEE) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 10,560 shares of the business services provider’s stock, valued at approximately $199,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Swiss National Bank increased its position in NV5 Global by 306.0% during the fourth quarter. Swiss National Bank now owns 115,300 shares of the business services provider’s stock worth $2,172,000 after buying an additional 86,900 shares during the last quarter. Linden Thomas Advisory Services LLC boosted its stake in shares of NV5 Global by 292.4% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 50,169 shares of the business services provider’s stock worth $945,000 after acquiring an additional 37,384 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of NV5 Global by 1,572.9% during the 4th quarter. Bank of New York Mellon Corp now owns 1,510,725 shares of the business services provider’s stock valued at $28,462,000 after acquiring an additional 1,420,417 shares during the last quarter. Amundi raised its stake in shares of NV5 Global by 998.0% in the 4th quarter. Amundi now owns 25,178 shares of the business services provider’s stock valued at $482,000 after acquiring an additional 22,885 shares in the last quarter. Finally, Inspire Investing LLC lifted its holdings in NV5 Global by 380.5% in the 4th quarter. Inspire Investing LLC now owns 21,224 shares of the business services provider’s stock worth $400,000 after purchasing an additional 16,807 shares during the last quarter. Institutional investors and hedge funds own 75.54% of the company’s stock.

NV5 Global Stock Down 0.6%

Shares of NVEE stock opened at $22.05 on Monday. The stock has a 50 day moving average of $17.98 and a 200-day moving average of $19.06. The firm has a market cap of $1.45 billion, a PE ratio of 44.77, a price-to-earnings-growth ratio of 2.63 and a beta of 1.08. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.30. NV5 Global, Inc. has a 12 month low of $14.75 and a 12 month high of $26.14.

NV5 Global (NASDAQ:NVEE) last released its earnings results on Thursday, May 1st. The business services provider reported $0.17 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.03). NV5 Global had a net margin of 3.25% and a return on equity of 9.34%. The company had revenue of $123.20 million for the quarter, compared to analyst estimates of $229.89 million. On average, equities analysts predict that NV5 Global, Inc. will post 1.26 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Maxim Group lowered their price target on NV5 Global from $29.00 to $24.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Roth Mkm raised their target price on shares of NV5 Global from $27.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, February 21st. William Blair reiterated a “market perform” rating on shares of NV5 Global in a report on Thursday. Finally, StockNews.com cut shares of NV5 Global from a “buy” rating to a “hold” rating in a report on Wednesday, May 14th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $25.67.

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.