Guidance Capital Inc. Buys Shares of 24,472 NV5 Global, Inc. (NASDAQ:NVEE)

Guidance Capital Inc. bought a new stake in shares of NV5 Global, Inc. (NASDAQ:NVEE) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 24,472 shares of the business services provider’s stock, valued at approximately $465,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Handelsbanken Fonder AB grew its holdings in shares of NV5 Global by 21.7% in the third quarter. Handelsbanken Fonder AB now owns 2,800 shares of the business services provider’s stock valued at $262,000 after purchasing an additional 500 shares in the last quarter. Blue Trust Inc. lifted its position in NV5 Global by 3,950.0% in the third quarter. Blue Trust Inc. now owns 648 shares of the business services provider’s stock worth $60,000 after buying an additional 632 shares during the last quarter. Inspire Investing LLC lifted its position in NV5 Global by 17.6% in the third quarter. Inspire Investing LLC now owns 4,417 shares of the business services provider’s stock worth $413,000 after buying an additional 661 shares during the last quarter. BNP Paribas Financial Markets lifted its position in NV5 Global by 12.5% in the third quarter. BNP Paribas Financial Markets now owns 6,342 shares of the business services provider’s stock worth $593,000 after buying an additional 703 shares during the last quarter. Finally, Versor Investments LP lifted its position in NV5 Global by 23.7% in the third quarter. Versor Investments LP now owns 4,206 shares of the business services provider’s stock worth $393,000 after buying an additional 806 shares during the last quarter. Institutional investors own 75.54% of the company’s stock.

NV5 Global Trading Up 0.2 %

NV5 Global stock opened at $18.22 on Thursday. 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 52 week low of $17.92 and a 52 week high of $28.29. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of 32.39, a price-to-earnings-growth ratio of 2.84 and a beta of 1.23. The stock has a 50-day moving average price of $19.36 and a 200 day moving average price of $21.99.

NV5 Global (NASDAQ:NVEE) last announced its quarterly earnings results on Thursday, November 7th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.01). NV5 Global had a net margin of 3.86% and a return on equity of 9.45%. The company had revenue of $250.89 million during the quarter, compared to analyst estimates of $250.50 million. During the same period in the previous year, the firm posted $0.38 earnings per share. Sell-side analysts anticipate that NV5 Global, Inc. will post 1.18 EPS for the current year.

NV5 Global declared that its Board of Directors has authorized a stock buyback program on Monday, January 6th that allows the company to buyback $20.00 million in shares. This buyback authorization allows the business services provider to repurchase up to 1.6% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at NV5 Global

In other news, VP Richard Tong sold 20,000 shares of the company’s 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 completion of the transaction, the vice president now directly owns 45,584 shares of the company’s stock, valued at $915,326.72. This represents a 30.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 12.40% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on NVEE shares. StockNews.com upgraded NV5 Global from a “hold” rating to a “buy” rating in a research report on Thursday, December 26th. Robert W. Baird decreased their target price on NV5 Global from $26.00 to $25.00 and set a “neutral” rating for the company 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.