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

Liberty One Investment Management LLC increased its stake in shares of NV5 Global, Inc. (NASDAQ:NVEE) by 317.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,779 shares of the business services provider’s stock after buying 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 SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Woodstock Corp increased its holdings in NV5 Global by 291.7% in the fourth quarter. Woodstock Corp now owns 117,100 shares of the business services provider’s stock valued at $2,206,000 after buying an additional 87,208 shares in the last quarter. Bernzott Capital Advisors acquired a new position in NV5 Global in the 4th quarter valued at $3,721,000. Heritage Family Offices LLP purchased a new position in shares of NV5 Global in the fourth quarter worth about $196,000. Campbell Newman Asset Management Inc. grew its position in shares of NV5 Global by 297.9% in 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 purchasing an additional 53,014 shares in the last quarter. Finally, QV Investors Inc. increased its stake in shares of NV5 Global by 914.2% in the 4th quarter. QV Investors Inc. now owns 48,580 shares of the business services provider’s stock worth $915,000 after acquiring an additional 43,790 shares during the last quarter. 75.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related 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 transaction of $401,600.00. Following the completion of the transaction, the vice president now directly owns 45,584 shares of the company’s stock, valued at $915,326.72. The trade was a 30.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 12.40% of the stock is owned by insiders.

NV5 Global Stock Down 3.1 %

Shares of NASDAQ:NVEE opened at $18.41 on Monday. The firm has a market capitalization of $1.20 billion, a PE ratio of 32.73, a price-to-earnings-growth ratio of 2.84 and a beta of 1.22. NV5 Global, Inc. has a 1 year low of $17.92 and a 1 year high of $28.29. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.05 and a quick ratio of 2.05. The firm’s 50-day moving average is $20.27 and its two-hundred day moving average is $22.44.

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

Wall Street Analysts Forecast Growth

NVEE has been the subject of several recent analyst reports. Robert W. Baird cut 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. StockNews.com upgraded shares of NV5 Global from a “hold” rating to a “buy” rating in a report on Thursday, December 26th.

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.