Summit Creek Advisors LLC Has $8.95 Million Stake in NV5 Global, Inc. (NASDAQ:NVEE)

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

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. BNP Paribas Financial Markets grew its position in NV5 Global by 12.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,342 shares of the business services provider’s stock worth $593,000 after purchasing an additional 703 shares during the last quarter. Blue Trust Inc. grew its position in NV5 Global by 287.7% in the 4th quarter. Blue Trust Inc. now owns 2,512 shares of the business services provider’s stock worth $47,000 after purchasing an additional 1,864 shares during the last quarter. Advisors Asset Management Inc. grew its position in NV5 Global by 7.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 26,700 shares of the business services provider’s stock worth $2,496,000 after purchasing an additional 1,963 shares during the last quarter. Janus Henderson Group PLC boosted its position in shares of NV5 Global by 42.5% during the 3rd quarter. Janus Henderson Group PLC now owns 8,040 shares of the business services provider’s stock valued at $750,000 after acquiring an additional 2,396 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of NV5 Global by 4.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 62,944 shares of the business services provider’s stock valued at $5,884,000 after acquiring an additional 2,483 shares in the last quarter. 75.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NVEE has been the topic of several recent research reports. StockNews.com lowered shares of NV5 Global from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Roth Mkm lifted their target price on shares of NV5 Global from $27.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Finally, Maxim Group decreased their target price on shares of NV5 Global from $29.00 to $24.00 and set a “buy” rating on the stock in a research report on Friday, February 21st.

NV5 Global Price Performance

NASDAQ:NVEE opened at $18.70 on Monday. The firm has a market cap of $1.22 billion, a PE ratio of 37.97, a price-to-earnings-growth ratio of 2.63 and a beta of 1.22. NV5 Global, Inc. has a 12 month low of $16.77 and a 12 month high of $26.14. 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 company’s 50-day moving average price is $18.13 and its two-hundred day moving average price is $20.50.

NV5 Global (NASDAQ:NVEE) last released its quarterly earnings results 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). The firm had revenue of $246.52 million during the quarter, compared to analyst estimates of $243.46 million. NV5 Global had a net margin of 3.25% and a return on equity of 9.34%. On average, equities analysts anticipate that NV5 Global, Inc. will post 1.26 EPS for the current fiscal year.

NV5 Global declared that its Board of Directors has authorized a share buyback program on Monday, January 6th that authorizes the company to repurchase $20.00 million in shares. This repurchase authorization authorizes the business services provider to repurchase up to 1.6% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

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.