Jackson Creek Investment Advisors LLC Purchases New Shares in NV5 Global, Inc. (NASDAQ:NVEE)

Jackson Creek Investment Advisors LLC bought a new stake in shares of NV5 Global, Inc. (NASDAQ:NVEE - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 84,385 shares of the business services provider's stock, valued at approximately $1,626,000. Jackson Creek Investment Advisors LLC owned about 0.13% of NV5 Global as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Signaturefd LLC purchased a new stake in NV5 Global in the first quarter valued at about $66,000. Linden Thomas Advisory Services LLC grew its holdings in NV5 Global by 1.6% in the first quarter. Linden Thomas Advisory Services LLC now owns 50,964 shares of the business services provider's stock valued at $982,000 after purchasing an additional 795 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of NV5 Global by 6.1% in the first quarter. Envestnet Asset Management Inc. now owns 183,907 shares of the business services provider's stock valued at $3,544,000 after acquiring an additional 10,634 shares in the last quarter. Bank of New York Mellon Corp lifted its position in NV5 Global by 26.6% during the first quarter. Bank of New York Mellon Corp now owns 1,913,231 shares of the business services provider's stock worth $36,868,000 after buying an additional 402,506 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in NV5 Global by 2.6% during the first quarter. Principal Financial Group Inc. now owns 259,732 shares of the business services provider's stock worth $5,005,000 after buying an additional 6,617 shares in the last quarter. Institutional investors own 75.54% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. CJS Securities downgraded NV5 Global from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 10th. Lake Street Capital cut NV5 Global from a "buy" rating to a "hold" rating in a report on Thursday, May 15th. Maxim Group reissued a "hold" rating on shares of NV5 Global in a research note on Thursday, July 3rd. William Blair reaffirmed a "market perform" rating on shares of NV5 Global in a research report on Thursday, May 15th. Finally, Wall Street Zen downgraded NV5 Global from a "buy" rating to a "hold" rating in a research report on Wednesday, May 14th. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $25.67.

NV5 Global Stock Down 0.7%

Shares of NASDAQ:NVEE traded down $0.15 during midday trading on Friday, reaching $22.91. 692,584 shares of the company were exchanged, compared to its average volume of 540,966. NV5 Global, Inc. has a fifty-two week low of $14.75 and a fifty-two week high of $26.14. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.27. The stock has a fifty day simple moving average of $22.47 and a two-hundred day simple moving average of $19.52. The firm has a market cap of $1.54 billion, a PE ratio of 46.28, a P/E/G ratio of 1.46 and a beta of 1.13.

NV5 Global (NASDAQ:NVEE - Get Free Report) last issued its earnings results on Thursday, May 1st. The business services provider reported $0.17 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.03). The firm had revenue of $123.20 million during the quarter, compared to analyst estimates of $229.89 million. NV5 Global had a net margin of 3.19% and a return on equity of 9.12%. As a group, sell-side analysts forecast that NV5 Global, Inc. will post 1.26 earnings per share for the current 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.