Koss Olinger Consulting LLC Takes $663,000 Position in NV5 Global, Inc. (NASDAQ:NVEE)

Key Points

• Koss Olinger Consulting LLC acquired a new position in NV5 Global, Inc. worth approximately $663,000 by purchasing 34,428 shares in the 1st quarter.
• Several hedge funds increased their stakes significantly, including BNP Paribas with a 300% increase and Sterling Capital Management with a 3,320% increase.
• Analyst ratings for NV5 Global have been largely downgraded, with multiple firms changing their ratings from "buy" to "hold," resulting in a consensus rating of "Hold" with a price target of $25.67.

Koss Olinger Consulting LLC acquired a new stake in NV5 Global, Inc. (NASDAQ:NVEE - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 34,428 shares of the business services provider's stock, valued at approximately $663,000. Koss Olinger Consulting LLC owned approximately 0.05% of NV5 Global as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NVEE. US Bancorp DE raised its position in shares of NV5 Global by 4.2% in the 1st quarter. US Bancorp DE now owns 14,255 shares of the business services provider's stock valued at $275,000 after acquiring an additional 576 shares during the period. Heritage Family Offices LLP grew its position in shares of NV5 Global by 6.8% in the 1st quarter. Heritage Family Offices LLP now owns 11,090 shares of the business services provider's stock valued at $214,000 after purchasing an additional 706 shares during the period. Linden Thomas Advisory Services LLC increased its stake in NV5 Global by 1.6% during the 1st quarter. Linden Thomas Advisory Services LLC now owns 50,964 shares of the business services provider's stock worth $982,000 after purchasing an additional 795 shares in the last quarter. BNP Paribas increased its stake in NV5 Global by 300.0% during the 4th quarter. BNP Paribas now owns 1,400 shares of the business services provider's stock worth $26,000 after purchasing an additional 1,050 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in NV5 Global by 8.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 14,953 shares of the business services provider's stock worth $288,000 after buying an additional 1,203 shares during the period. 75.54% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

NVEE has been the subject of several research reports. Maxim Group reissued a "hold" rating on shares of NV5 Global in a research report on Thursday, July 3rd. Lake Street Capital cut NV5 Global from a "buy" rating to a "hold" rating in a report on Thursday, May 15th. William Blair reissued a "market perform" rating on shares of NV5 Global in a research note on Thursday, May 15th. CJS Securities cut NV5 Global from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 10th. Finally, Sidoti upgraded NV5 Global to a "hold" rating in a report on Friday, May 16th. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, NV5 Global has a consensus rating of "Hold" and an average price target of $25.67.

NV5 Global Stock Performance

NVEE remained flat at $22.56 during trading on Thursday. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.27. NV5 Global, Inc. has a one year low of $14.75 and a one year high of $25.96. The company has a fifty day moving average of $22.81 and a two-hundred day moving average of $20.01. The firm has a market capitalization of $1.51 billion, a PE ratio of 45.58, a PEG ratio of 1.42 and a beta of 1.11.

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.