Tributary Capital Management LLC Has $17.82 Million Stock Holdings in NV5 Global, Inc. (NASDAQ:NVEE)

Tributary Capital Management LLC lifted its stake in shares of NV5 Global, Inc. (NASDAQ:NVEE) by 397.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 945,709 shares of the business services provider’s stock after acquiring an additional 755,467 shares during the quarter. Tributary Capital Management LLC owned approximately 1.45% of NV5 Global worth $17,817,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Blue Trust Inc. increased its position in shares of NV5 Global by 3,950.0% during 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 period. Net Worth Advisory Group acquired a new position in NV5 Global in the third quarter valued at approximately $211,000. Handelsbanken Fonder AB boosted its holdings in shares of NV5 Global by 21.7% during 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. acquired a new stake in shares of NV5 Global during the 2nd quarter worth approximately $307,000. Finally, NBC Securities Inc. grew its position in shares of NV5 Global by 2,043.7% during the 3rd quarter. NBC Securities Inc. now owns 3,730 shares of the business services provider’s stock worth $348,000 after buying an additional 3,556 shares during the period. 75.54% of the stock is owned by institutional investors and hedge funds.

NV5 Global Trading Up 0.3 %

NVEE opened at $18.99 on Friday. 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 current ratio of 2.05 and a quick ratio of 2.05. The company’s 50-day moving average is $19.92 and its 200 day moving average is $22.33. The firm has a market capitalization of $1.24 billion, a PE ratio of 33.76, a P/E/G ratio of 2.86 and a beta of 1.22.

NV5 Global (NASDAQ:NVEE) last released its quarterly earnings results on Thursday, November 7th. The business services provider reported $0.44 earnings per share 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 firm had revenue of $250.89 million for the quarter, compared to the consensus estimate of $250.50 million. During the same period in the previous year, the business earned $0.38 earnings per share. As a group, research analysts predict that NV5 Global, Inc. will post 1.18 earnings per share for the current fiscal year.

NV5 Global declared that its Board of Directors has authorized a stock repurchase plan on Monday, January 6th that permits the company to buyback $20.00 million in shares. This buyback authorization permits the business services provider to purchase up to 1.6% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

Insiders Place Their Bets

In other NV5 Global news, VP Richard Tong sold 20,000 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $20.08, for a total value of $401,600.00. Following the transaction, the vice president now directly owns 45,584 shares in the company, valued at $915,326.72. The trade was a 30.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 12.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on NVEE shares. StockNews.com upgraded shares of NV5 Global from a “hold” rating to a “buy” rating in a report on Thursday, December 26th. Robert W. Baird cut their price target on NV5 Global from $26.00 to $25.00 and set a “neutral” rating on the stock in a report on Friday, November 8th.

NV5 Global Profile

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.