Summit Creek Advisors LLC Buys 356,672 Shares of NV5 Global, Inc. (NASDAQ:NVEE)

Summit Creek Advisors LLC increased its stake in NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 301.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 475,060 shares of the business services provider's stock after buying an additional 356,672 shares during the quarter. Summit Creek Advisors LLC owned approximately 0.73% of NV5 Global worth $8,950,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its position in NV5 Global by 288.4% during the fourth quarter. Vanguard Group Inc. now owns 3,761,947 shares of the business services provider's stock worth $70,875,000 after acquiring an additional 2,793,280 shares in the last quarter. American Century Companies Inc. increased its stake in shares of NV5 Global by 322.4% during the 4th quarter. American Century Companies Inc. now owns 2,147,358 shares of the business services provider's stock worth $40,456,000 after purchasing an additional 1,639,014 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of NV5 Global by 1,572.9% during the 4th quarter. Bank of New York Mellon Corp now owns 1,510,725 shares of the business services provider's stock worth $28,462,000 after purchasing an additional 1,420,417 shares during the last quarter. Swedbank AB raised its holdings in shares of NV5 Global by 366.4% in the 4th quarter. Swedbank AB now owns 1,632,296 shares of the business services provider's stock valued at $30,752,000 after purchasing an additional 1,282,296 shares during the period. Finally, Geneva Capital Management LLC lifted its stake in NV5 Global by 274.0% in the 4th quarter. Geneva Capital Management LLC now owns 1,618,475 shares of the business services provider's stock valued at $30,492,000 after purchasing an additional 1,185,754 shares during the last quarter. 75.54% of the stock is owned by institutional investors.

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NV5 Global Stock Performance

Shares of NV5 Global stock traded down $0.08 on Friday, hitting $19.25. The stock had a trading volume of 688,723 shares, compared to its average volume of 397,397. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of 39.09, a price-to-earnings-growth ratio of 2.63 and a beta of 1.22. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.30. NV5 Global, Inc. has a twelve month low of $16.77 and a twelve month high of $26.14. The business's 50 day moving average is $18.22 and its two-hundred day moving average is $20.42.

NV5 Global (NASDAQ:NVEE - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.28 EPS for the quarter, missing analysts' consensus estimates of $0.30 by ($0.02). NV5 Global had a net margin of 3.25% and a return on equity of 9.34%. The firm had revenue of $246.52 million during the quarter, compared to analyst estimates of $243.46 million. Analysts forecast that NV5 Global, Inc. will post 1.26 EPS for the current year.

NV5 Global announced that its Board of Directors has authorized a stock repurchase program on Monday, January 6th that allows the company to repurchase $20.00 million in shares. This repurchase authorization allows the business services provider to buy up to 1.6% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's leadership believes its shares are undervalued.

Analyst Ratings Changes

A number of equities analysts have weighed in on NVEE shares. Roth Mkm boosted their price target on NV5 Global from $27.00 to $28.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. StockNews.com cut NV5 Global from a "buy" rating to a "hold" rating in a research note on Wednesday, February 19th. Finally, Maxim Group decreased their price objective on shares of NV5 Global from $29.00 to $24.00 and set a "buy" rating on the stock in a report on Friday, February 21st.

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.