Campbell Newman Asset Management Inc. Buys 53,014 Shares of NV5 Global, Inc. (NASDAQ:NVEE)

Campbell Newman Asset Management Inc. raised its position in shares of NV5 Global, Inc. (NASDAQ:NVEE) by 297.9% in the fourth quarter, HoldingsChannel reports. The fund owned 70,811 shares of the business services provider’s stock after acquiring an additional 53,014 shares during the period. Campbell Newman Asset Management Inc.’s holdings in NV5 Global were worth $1,334,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in NVEE. Blue Trust Inc. lifted its holdings in NV5 Global by 3,950.0% during the 3rd quarter. Blue Trust Inc. now owns 648 shares of the business services provider’s stock worth $60,000 after purchasing an additional 632 shares during the last quarter. Net Worth Advisory Group bought a new position in NV5 Global during the 3rd quarter worth $211,000. Handelsbanken Fonder AB lifted its holdings in shares of NV5 Global by 21.7% during the third 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 second quarter valued at about $307,000. Finally, Commonwealth Equity Services LLC grew its stake in shares of NV5 Global by 5.1% in the second quarter. Commonwealth Equity Services LLC now owns 3,459 shares of the business services provider’s stock valued at $322,000 after acquiring an additional 167 shares in the last quarter. Institutional investors own 75.54% of the company’s stock.

NV5 Global Price Performance

Shares of NASDAQ NVEE traded up $0.46 during mid-day trading on Wednesday, reaching $18.47. The company had a trading volume of 69,707 shares, compared to its average volume of 440,451. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of 32.84, a PEG ratio of 3.21 and a beta of 1.22. The business’s 50-day simple moving average is $20.64 and its 200 day simple moving average is $22.53. NV5 Global, Inc. has a one year low of $17.98 and a one year 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.

NV5 Global declared that its Board of Directors has approved 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 repurchase up to 1.6% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.

Insiders Place Their Bets

In other news, VP Richard Tong sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $20.08, for a total value of $401,600.00. Following the completion of the transaction, the vice president now directly owns 45,584 shares in the company, valued at approximately $915,326.72. The trade was a 30.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 12.40% of the company’s stock.

Analyst Upgrades and Downgrades

NVEE has been the subject of several analyst reports. Robert W. Baird dropped their price objective on shares of NV5 Global from $26.00 to $25.00 and set a “neutral” rating for the company in a research note on Friday, November 8th. StockNews.com raised shares of NV5 Global from a “hold” rating to a “buy” rating in a report on Thursday, December 26th.

NV5 Global Company 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.