Summit Creek Advisors LLC Reduces Stake in NV5 Global, Inc. (NASDAQ:NVEE)

Summit Creek Advisors LLC reduced its position in NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 6.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 125,415 shares of the business services provider's stock after selling 8,810 shares during the quarter. Summit Creek Advisors LLC owned approximately 0.78% of NV5 Global worth $11,660,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. YHB Investment Advisors Inc. acquired a new stake in shares of NV5 Global during the 1st quarter worth approximately $26,000. First Horizon Advisors Inc. bought a new stake in NV5 Global in the fourth quarter valued at $36,000. Innealta Capital LLC acquired a new position in shares of NV5 Global during the second quarter valued at about $44,000. Cim LLC bought a new position in shares of NV5 Global during the 4th quarter worth about $206,000. Finally, SG Americas Securities LLC acquired a new stake in shares of NV5 Global in the 1st quarter valued at about $228,000. 75.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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 note on Thursday, August 8th.

Insider Transactions at NV5 Global

In other NV5 Global news, VP Richard Tong sold 3,119 shares of NV5 Global stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $94.00, for a total value of $293,186.00. Following the sale, the vice president now owns 16,288 shares of the company's stock, valued at $1,531,072. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, VP Richard Tong sold 3,119 shares of the stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $94.00, for a total transaction of $293,186.00. Following the completion of the transaction, the vice president now owns 16,288 shares in the company, valued at approximately $1,531,072. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Edward H. Codispoti sold 760 shares of the business's stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $91.46, for a total value of $69,509.60. Following the completion of the sale, the chief financial officer now owns 16,929 shares in the company, valued at $1,548,326.34. The disclosure for this sale can be found here. Company insiders own 12.40% of the company's stock.

NV5 Global Stock Down 3.0 %

Shares of NASDAQ NVEE traded down $2.77 during trading on Friday, hitting $89.07. The stock had a trading volume of 101,985 shares, compared to its average volume of 79,753. The firm has a fifty day moving average of $96.30 and a two-hundred day moving average of $95.93. The company has a market capitalization of $1.44 billion, a PE ratio of 36.30, a PEG ratio of 1.32 and a beta of 1.22. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.29 and a quick ratio of 2.29. NV5 Global, Inc. has a 12 month low of $88.26 and a 12 month high of $115.01.

NV5 Global (NASDAQ:NVEE - Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The business services provider reported $1.24 EPS for the quarter, beating analysts' consensus estimates of $1.21 by $0.03. NV5 Global had a return on equity of 9.08% and a net margin of 3.49%. The company had revenue of $236.33 million during the quarter, compared to the consensus estimate of $235.58 million. During the same period last year, the business posted $1.29 earnings per share. NV5 Global's revenue was up 6.1% on a year-over-year basis. As a group, equities research analysts forecast that NV5 Global, Inc. will post 5.12 EPS for the current fiscal year.

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.