Summit Creek Advisors LLC Increases Stake in NV5 Global Inc (NVEE)
Summit Creek Advisors LLC grew its holdings in shares of NV5 Global Inc (NASDAQ:NVEE) by 18.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 265,998 shares of the business services provider’s stock after acquiring an additional 41,060 shares during the period. NV5 Global comprises about 2.8% of Summit Creek Advisors LLC’s investment portfolio, making the stock its 8th biggest holding. Summit Creek Advisors LLC owned approximately 2.11% of NV5 Global worth $15,790,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in the company. IMS Capital Management bought a new position in shares of NV5 Global during the third quarter worth about $26,000. Legal & General Group Plc lifted its position in shares of NV5 Global by 30.3% during the third quarter. Legal & General Group Plc now owns 1,697 shares of the business services provider’s stock worth $147,000 after purchasing an additional 395 shares during the last quarter. Metropolitan Life Insurance Co. NY lifted its position in shares of NV5 Global by 410.4% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 3,144 shares of the business services provider’s stock worth $190,000 after purchasing an additional 2,528 shares during the last quarter. Virtu Financial LLC bought a new position in shares of NV5 Global during the third quarter worth about $204,000. Finally, Squarepoint Ops LLC bought a new position in shares of NV5 Global during the fourth quarter worth about $228,000. Institutional investors own 63.34% of the company’s stock.
Several brokerages have recently commented on NVEE. Maxim Group reaffirmed a “buy” rating and set a $85.00 price target (down previously from $93.00) on shares of NV5 Global in a research report on Monday. Zacks Investment Research raised shares of NV5 Global from a “sell” rating to a “hold” rating in a research report on Wednesday, April 3rd. Singular Research reaffirmed a “buy” rating on shares of NV5 Global in a research report on Wednesday, March 13th. ValuEngine cut shares of NV5 Global from a “buy” rating to a “hold” rating in a research report on Saturday, March 9th. Finally, Roth Capital reduced their price target on shares of NV5 Global from $97.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, March 8th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $88.00.
NV5 Global (NASDAQ:NVEE) last issued its earnings results on Thursday, March 7th. The business services provider reported $0.91 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.98 by ($0.07). NV5 Global had a return on equity of 14.88% and a net margin of 6.42%. The business had revenue of $115.34 million during the quarter, compared to the consensus estimate of $116.00 million. As a group, equities research analysts expect that NV5 Global Inc will post 3.67 earnings per share for the current year.
In other news, COO Alexander A. Hockman sold 40,000 shares of NV5 Global stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $59.86, for a total transaction of $2,394,400.00. Following the sale, the chief operating officer now owns 214,916 shares of the company’s stock, valued at $12,864,871.76. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Donald C. Alford sold 9,750 shares of NV5 Global stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $60.66, for a total value of $591,435.00. Following the sale, the vice president now directly owns 42,886 shares in the company, valued at approximately $2,601,464.76. The disclosure for this sale can be found here. Company insiders own 25.07% of the company’s stock.
WARNING: This piece of content was originally reported by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are reading this piece of content on another site, it was illegally stolen and republished in violation of US and international copyright legislation. The correct version of this piece of content can be read at https://theolympiareport.com/2019/04/15/summit-creek-advisors-llc-increases-stake-in-nv5-global-inc-nvee.html.
NV5 Global Profile
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.
Featured Story: Key terms to understand channel trading
Receive News & Ratings for NV5 Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NV5 Global and related companies with MarketBeat.com's FREE daily email newsletter.