Conestoga Capital Advisors LLC Increases Stake in NV5 Global, Inc. (NASDAQ:NVEE)

Conestoga Capital Advisors LLC increased its holdings in shares of NV5 Global, Inc. (NASDAQ:NVEE) by 298.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 62,752 shares of the business services provider’s stock after purchasing an additional 47,014 shares during the period. Conestoga Capital Advisors LLC’s holdings in NV5 Global were worth $1,182,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. boosted its position in NV5 Global by 3,950.0% during the 3rd quarter. Blue Trust Inc. now owns 648 shares of the business services provider’s stock valued at $60,000 after acquiring an additional 632 shares in the last quarter. KBC Group NV lifted its stake 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 worth $80,000 after purchasing an additional 3,550 shares during the last quarter. Cetera Trust Company N.A grew its stake in NV5 Global by 166.8% in the fourth quarter. Cetera Trust Company N.A now owns 5,710 shares of the business services provider’s stock valued at $108,000 after purchasing an additional 3,570 shares during the last quarter. Liberty One Investment Management LLC raised its holdings in NV5 Global by 317.9% in the fourth quarter. Liberty One Investment Management LLC now owns 6,779 shares of the business services provider’s stock worth $128,000 after purchasing an additional 5,157 shares in the last quarter. Finally, Heritage Family Offices LLP purchased a new stake in shares of NV5 Global during the fourth quarter valued at about $196,000. 75.54% of the stock is owned by hedge funds and other institutional investors.

NV5 Global Price Performance

Shares of NVEE stock opened at $18.24 on Monday. NV5 Global, Inc. has a fifty-two week low of $17.92 and a fifty-two week high of $28.29. 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 firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 32.46, a PEG ratio of 2.84 and a beta of 1.23. The stock’s 50-day simple moving average is $19.52 and its 200-day simple moving average is $22.08.

NV5 Global (NASDAQ:NVEE) last released its earnings results on Thursday, November 7th. The business services provider reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.01). NV5 Global had a return on equity of 9.45% and a net margin of 3.86%. The company had revenue of $250.89 million for the quarter, compared to analysts’ expectations of $250.50 million. During the same period in the prior year, the firm posted $0.38 EPS. As a group, equities analysts forecast that NV5 Global, Inc. will post 1.18 earnings per share for the current fiscal year.

NV5 Global announced that its Board of Directors has initiated a share buyback program 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 purchase up to 1.6% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its stock is undervalued.

Insider Transactions at NV5 Global

In other news, VP Richard Tong sold 20,000 shares of the 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 transaction, the vice president now owns 45,584 shares in the company, valued at $915,326.72. This trade represents a 30.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 12.40% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on NVEE shares. StockNews.com raised shares of NV5 Global from a “hold” rating to a “buy” rating in a research report on Thursday, December 26th. Robert W. Baird reduced their price target on NV5 Global from $26.00 to $25.00 and set a “neutral” rating on the stock in a research 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.