Cruiser Capital Advisors LLC Purchases 107,356 Shares of NV5 Global, Inc. (NASDAQ:NVEE)

Cruiser Capital Advisors LLC lifted its position in shares of NV5 Global, Inc. (NASDAQ:NVEE) by 391.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 134,808 shares of the business services provider’s stock after purchasing an additional 107,356 shares during the period. NV5 Global accounts for about 1.4% of Cruiser Capital Advisors LLC’s holdings, making the stock its 12th biggest position. Cruiser Capital Advisors LLC owned approximately 0.21% of NV5 Global worth $2,540,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. lifted its position in shares of NV5 Global by 287.7% during the 4th quarter. Blue Trust Inc. now owns 2,512 shares of the business services provider’s stock worth $47,000 after buying an additional 1,864 shares in the last quarter. SRS Capital Advisors Inc. lifted its holdings in NV5 Global by 296.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 3,584 shares of the business services provider’s stock worth $68,000 after acquiring an additional 2,680 shares during the period. KBC Group NV boosted its position in NV5 Global by 527.5% in the fourth 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. Essex Investment Management Co. LLC grew its stake in NV5 Global by 300.0% in the 4th quarter. Essex Investment Management Co. LLC now owns 5,600 shares of the business services provider’s stock valued at $106,000 after purchasing an additional 4,200 shares during the period. Finally, Cetera Trust Company N.A increased its position in shares of NV5 Global by 166.8% during the 4th 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. 75.54% of the stock is currently owned by hedge funds and other institutional investors.

NV5 Global Stock Up 3.6 %

NVEE stock opened at $19.37 on Tuesday. NV5 Global, Inc. has a fifty-two week low of $16.77 and a fifty-two week high of $26.14. The stock has a fifty day moving average of $18.15 and a 200-day moving average of $20.48. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of 39.33, a PEG ratio of 2.63 and a beta of 1.22. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.05 and a current ratio of 2.05.

NV5 Global (NASDAQ:NVEE) last posted its earnings results on Thursday, February 20th. The business services provider reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.02). NV5 Global had a return on equity of 9.34% and a net margin of 3.25%. The business had revenue of $246.52 million during the quarter, compared to analysts’ expectations of $243.46 million. As a group, equities research analysts predict that NV5 Global, Inc. will post 1.26 earnings per share for the current year.

NV5 Global announced that its Board of Directors has initiated a share repurchase program on Monday, January 6th that authorizes the company to buyback $20.00 million in outstanding shares. This buyback authorization authorizes the business services provider to buy up to 1.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on NVEE shares. Maxim Group cut their price target on shares of 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 boosted 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. Finally, StockNews.com downgraded shares of NV5 Global from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th.

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.