Tributary Capital Management LLC Increases Stake in NV5 Global, Inc. (NASDAQ:NVEE)

Tributary Capital Management LLC increased its stake in shares of NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 10.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 191,566 shares of the business services provider's stock after buying an additional 18,625 shares during the quarter. Tributary Capital Management LLC owned 1.19% of NV5 Global worth $17,810,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Louisiana State Employees Retirement System bought a new stake in shares of NV5 Global in the 4th quarter worth $711,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in NV5 Global by 35.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,918 shares of the business services provider's stock worth $324,000 after purchasing an additional 758 shares in the last quarter. Victory Capital Management Inc. increased its stake in NV5 Global by 103.8% in the 4th quarter. Victory Capital Management Inc. now owns 12,332 shares of the business services provider's stock valued at $1,370,000 after buying an additional 6,280 shares during the last quarter. First Horizon Advisors Inc. bought a new position in shares of NV5 Global during the 4th quarter worth approximately $36,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of NV5 Global by 3.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 137,286 shares of the business services provider's stock worth $15,255,000 after buying an additional 5,147 shares during the last quarter. 75.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Roth Mkm reaffirmed a "buy" rating and set a $130.00 price target (up from $128.00) on shares of NV5 Global in a research report on Thursday, August 8th.

Insider Activity

In related news, CEO Benjamin Heraud sold 1,222 shares of the business's stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $92.53, for a total value of $113,071.66. Following the sale, the chief executive officer now directly owns 18,455 shares in the company, valued at approximately $1,707,641.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Benjamin Heraud sold 1,222 shares of NV5 Global stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $92.53, for a total value of $113,071.66. Following the completion of the transaction, the chief executive officer now owns 18,455 shares in the company, valued at $1,707,641.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Richard Tong sold 3,119 shares of the business's stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $94.00, for a total transaction of $293,186.00. Following the completion of the sale, the vice president now directly owns 16,288 shares in the company, valued at approximately $1,531,072. The disclosure for this sale can be found here. Insiders have sold 5,101 shares of company stock valued at $475,767 in the last 90 days. Insiders own 12.40% of the company's stock.

NV5 Global Stock Performance

NVEE traded up $1.81 during trading on Friday, hitting $96.48. 80,421 shares of the company traded hands, compared to its average volume of 78,616. NV5 Global, Inc. has a one year low of $88.26 and a one year high of $115.01. The stock's fifty day moving average is $95.73 and its 200 day moving average is $96.76. 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 firm has a market cap of $1.56 billion, a P/E ratio of 38.13, a price-to-earnings-growth ratio of 1.35 and a beta of 1.22.

NV5 Global (NASDAQ:NVEE - Get Free Report) last released its earnings results on Wednesday, August 7th. The business services provider reported $1.24 earnings per share for the quarter, beating analysts' consensus estimates of $1.21 by $0.03. NV5 Global had a net margin of 4.39% and a return on equity of 9.31%. The firm had revenue of $236.33 million during the quarter, compared to the consensus estimate of $235.58 million. During the same period in the prior year, the firm earned $1.29 EPS. The company's revenue was up 6.1% compared to the same quarter last year. As a group, equities analysts predict that NV5 Global, Inc. will post 5.04 EPS for the current fiscal year.

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.