Summit Creek Advisors LLC lifted its stake in shares of NV5 Global Inc (NASDAQ:NVEE) by 3.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 275,378 shares of the business services provider’s stock after buying an additional 8,620 shares during the quarter. NV5 Global comprises approximately 3.2% of Summit Creek Advisors LLC’s investment portfolio, making the stock its 4th largest holding. Summit Creek Advisors LLC owned about 2.16% of NV5 Global worth $18,800,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in the company. Steward Partners Investment Advisory LLC bought a new position in NV5 Global during the 2nd quarter valued at $32,000. Tower Research Capital LLC TRC bought a new position in NV5 Global during the 2nd quarter valued at $44,000. Bank of Montreal Can lifted its stake in NV5 Global by 1,050.6% during the 2nd quarter. Bank of Montreal Can now owns 932 shares of the business services provider’s stock valued at $76,000 after acquiring an additional 851 shares in the last quarter. Advisor Group Inc. lifted its stake in NV5 Global by 49.2% during the 2nd quarter. Advisor Group Inc. now owns 980 shares of the business services provider’s stock valued at $79,000 after acquiring an additional 323 shares in the last quarter. Finally, North Star Investment Management Corp. bought a new position in NV5 Global during the 3rd quarter valued at $89,000. 61.15% of the stock is owned by institutional investors.
Shares of NASDAQ NVEE traded down $0.29 during mid-day trading on Thursday, reaching $70.14. 2,326 shares of the company’s stock were exchanged, compared to its average volume of 114,222. The firm has a market capitalization of $903.48 million, a price-to-earnings ratio of 21.65, a price-to-earnings-growth ratio of 0.92 and a beta of 1.44. NV5 Global Inc has a 52 week low of $51.46 and a 52 week high of $96.70. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.66 and a quick ratio of 2.66. The firm has a 50-day moving average price of $68.10 and a two-hundred day moving average price of $71.66.
NV5 Global (NASDAQ:NVEE) last released its earnings results on Wednesday, August 7th. The business services provider reported $1.00 EPS for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.06. The company had revenue of $127.97 million for the quarter, compared to analysts’ expectations of $127.57 million. NV5 Global had a return on equity of 13.32% and a net margin of 6.30%. The business’s revenue for the quarter was up 23.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.91 EPS. As a group, sell-side analysts forecast that NV5 Global Inc will post 3.8 EPS for the current fiscal year.
NVEE has been the topic of several recent analyst reports. ValuEngine cut NV5 Global from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Zacks Investment Research cut NV5 Global from a “hold” rating to a “sell” rating in a research note on Wednesday, September 25th. BidaskClub cut NV5 Global from a “buy” rating to a “hold” rating in a research note on Tuesday, August 13th. Finally, Roth Capital dropped their price objective on NV5 Global from $96.00 to $91.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $88.25.
In other NV5 Global news, Director Gerald J. Salontai sold 1,247 shares of NV5 Global stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $74.59, for a total transaction of $93,013.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Alexander A. Hockman sold 6,464 shares of NV5 Global stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $79.30, for a total value of $512,595.20. Following the transaction, the chief operating officer now directly owns 204,716 shares of the company’s stock, valued at approximately $16,233,978.80. The disclosure for this sale can be found here. In the last three months, insiders sold 9,711 shares of company stock valued at $763,089. 19.62% of the stock is currently owned by insiders.
About NV5 Global
NV5 Global, Inc provides professional and technical engineering and consulting services to public and private sector clients in the infrastructure, energy, construction, real estate, and environmental markets in the United States and internationally. It operates through two segments, Infrastructure; and Building, Technology & Sciences.
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