Yousif Capital Management LLC Buys 14,764 Shares of NV5 Global, Inc. (NASDAQ:NVEE)

Yousif Capital Management LLC boosted its position in NV5 Global, Inc. (NASDAQ:NVEE) by 291.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 19,830 shares of the business services provider’s stock after purchasing an additional 14,764 shares during the period. Yousif Capital Management LLC’s holdings in NV5 Global were worth $374,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Blue Trust Inc. lifted 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 buying an additional 632 shares during the last quarter. KBC Group NV lifted its holdings in NV5 Global by 527.5% during the fourth quarter. KBC Group NV now owns 4,223 shares of the business services provider’s stock valued at $80,000 after purchasing an additional 3,550 shares during the last quarter. Cetera Trust Company N.A boosted its position in NV5 Global by 166.8% during the fourth quarter. Cetera Trust Company N.A now owns 5,710 shares of the business services provider’s stock worth $108,000 after purchasing an additional 3,570 shares during the period. Liberty One Investment Management LLC increased its stake in shares of 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 bought a new stake in shares of NV5 Global in the fourth quarter valued at approximately $196,000. 75.54% of the stock is owned by institutional investors.

Insider Transactions at NV5 Global

In other news, VP Richard Tong sold 20,000 shares of the firm’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $20.08, for a total transaction of $401,600.00. Following the sale, the vice president now owns 45,584 shares in the company, valued at approximately $915,326.72. This trade represents a 30.50 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 12.40% of the stock is owned by insiders.

NV5 Global Price Performance

NV5 Global stock opened at $17.49 on Tuesday. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of 31.09, a PEG ratio of 2.73 and a beta of 1.23. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.30. The business has a 50-day simple moving average of $18.80 and a 200 day simple moving average of $21.55. NV5 Global, Inc. has a 52 week low of $17.24 and a 52 week high of $28.14.

NV5 Global declared that its board has approved a share 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 usually an indication that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Robert W. Baird cut their price objective on shares of NV5 Global from $26.00 to $25.00 and set a “neutral” rating for the company in a report on Friday, November 8th. StockNews.com upgraded NV5 Global from a “hold” rating to a “buy” rating in a research 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.