Heritage Family Offices LLP Makes New $196,000 Investment in NV5 Global, Inc. (NASDAQ:NVEE)

Heritage Family Offices LLP acquired a new stake in shares of NV5 Global, Inc. (NASDAQ:NVEE) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 10,384 shares of the business services provider’s stock, valued at approximately $196,000.

A number of other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. boosted its position in shares of 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 during the last quarter. Net Worth Advisory Group bought a new position in NV5 Global during the third quarter valued at $211,000. Handelsbanken Fonder AB grew its stake in shares of NV5 Global by 21.7% in the 3rd quarter. Handelsbanken Fonder AB now owns 2,800 shares of the business services provider’s stock worth $262,000 after buying an additional 500 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in shares of NV5 Global in the 2nd quarter worth about $307,000. Finally, Commonwealth Equity Services LLC raised its position in shares of NV5 Global by 5.1% during the 2nd quarter. Commonwealth Equity Services LLC now owns 3,459 shares of the business services provider’s stock valued at $322,000 after buying an additional 167 shares in the last quarter. Hedge funds and other institutional investors own 75.54% of the company’s stock.

Insider Activity

In related news, VP Richard Tong sold 20,000 shares of the business’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 value of $401,600.00. Following the completion of the sale, the vice president now owns 45,584 shares in the company, valued at approximately $915,326.72. The trade was a 30.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 12.40% of the company’s stock.

NV5 Global Price Performance

Shares of NVEE stock opened at $19.00 on Friday. The stock has a 50 day moving average price of $20.49 and a 200 day moving average price of $22.50. NV5 Global, Inc. has a 52-week low of $17.92 and a 52-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 $1.24 billion, a P/E ratio of 33.78, a P/E/G ratio of 2.84 and a beta of 1.22.

NV5 Global announced that its Board of Directors has authorized a stock buyback program on Monday, January 6th that permits the company to repurchase $20.00 million in shares. This repurchase authorization permits the business services provider to purchase up to 1.6% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

Several brokerages have weighed in on NVEE. Robert W. Baird reduced their price objective on NV5 Global from $26.00 to $25.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th. StockNews.com upgraded 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.