NV5 Global, Inc. (NASDAQ:NVEE) Stock Position Boosted by Bernzott Capital Advisors

Bernzott Capital Advisors boosted its position in NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 98.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 391,649 shares of the business services provider's stock after buying an additional 194,139 shares during the period. NV5 Global makes up about 3.7% of Bernzott Capital Advisors' holdings, making the stock its 5th biggest position. Bernzott Capital Advisors owned approximately 0.60% of NV5 Global worth $7,547,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NVEE. Jackson Creek Investment Advisors LLC acquired a new position in shares of NV5 Global during the 1st quarter worth $1,626,000. Signaturefd LLC acquired a new position in shares of NV5 Global during the 1st quarter worth $66,000. Linden Thomas Advisory Services LLC raised its stake in shares of 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 buying an additional 795 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of NV5 Global by 6.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 183,907 shares of the business services provider's stock worth $3,544,000 after buying an additional 10,634 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of NV5 Global by 26.6% during the 1st 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 during the last quarter. 75.54% of the stock is currently owned by hedge funds and other institutional investors.

NV5 Global Trading Down 0.7%

Shares of NASDAQ NVEE traded down $0.16 on Friday, reaching $22.90. 107,191 shares of the company traded hands, compared to its average volume of 663,957. 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 50 day moving average of $22.40 and a 200 day moving average of $19.49. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $1.54 billion, a PE ratio of 46.30, a P/E/G ratio of 1.46 and a beta of 1.13.

NV5 Global (NASDAQ:NVEE - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The business services provider reported $0.17 EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.03). NV5 Global had a net margin of 3.19% and a return on equity of 9.12%. The company had revenue of $123.20 million for the quarter, compared to analyst estimates of $229.89 million. On average, equities research analysts forecast that NV5 Global, Inc. will post 1.26 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

NVEE has been the subject of several analyst reports. Wall Street Zen downgraded shares of NV5 Global from a "buy" rating to a "hold" rating in a research note on Wednesday, May 14th. Sidoti raised shares of NV5 Global to a "hold" rating in a research note on Friday, May 16th. CJS Securities downgraded shares of NV5 Global from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 10th. Maxim Group reissued a "hold" rating on shares of NV5 Global in a research note on Thursday, July 3rd. Finally, Lake Street Capital downgraded shares of NV5 Global from a "buy" rating to a "hold" rating in a research note on Thursday, May 15th. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $25.67.

About NV5 Global

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.

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