Tributary Capital Management LLC Decreases Holdings in NV5 Global, Inc. (NASDAQ:NVEE)

Tributary Capital Management LLC decreased its holdings in shares of NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 9.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 860,323 shares of the business services provider's stock after selling 85,386 shares during the quarter. Tributary Capital Management LLC owned 1.31% of NV5 Global worth $16,578,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Cercano Management LLC grew its stake in NV5 Global by 208.8% in the fourth quarter. Cercano Management LLC now owns 3,925,599 shares of the business services provider's stock worth $73,958,000 after purchasing an additional 2,654,405 shares in the last quarter. Vanguard Group Inc. grew its stake in NV5 Global by 288.4% in the fourth quarter. Vanguard Group Inc. now owns 3,761,947 shares of the business services provider's stock worth $70,875,000 after purchasing an additional 2,793,280 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in NV5 Global by 310.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,514,316 shares of the business services provider's stock worth $47,370,000 after purchasing an additional 1,901,998 shares in the last quarter. American Century Companies Inc. grew its stake in NV5 Global by 322.4% in the fourth 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 in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in NV5 Global by 26.6% in 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 purchasing an additional 402,506 shares in the last quarter. Institutional investors own 75.54% of the company's stock.

Analysts Set New Price Targets

Several brokerages have issued reports on NVEE. CJS Securities cut NV5 Global from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 10th. Sidoti raised NV5 Global to a "hold" rating in a research report on Friday, May 16th. Lake Street Capital cut NV5 Global from a "buy" rating to a "hold" rating in a research report on Thursday, May 15th. Wall Street Zen cut NV5 Global from a "buy" rating to a "hold" rating in a research report on Wednesday, May 14th. Finally, William Blair reissued a "market perform" rating on shares of NV5 Global in a research report on Thursday, May 15th. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, NV5 Global currently has a consensus rating of "Hold" and a consensus target price of $25.67.

NV5 Global Price Performance

Shares of NVEE stock traded down $0.15 during trading hours on Friday, reaching $22.91. The company had a trading volume of 692,584 shares, compared to its average volume of 542,134. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.86 and a current ratio of 1.86. The stock has a fifty day moving average of $22.47 and a 200-day moving average of $19.53. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of 46.28, a PEG ratio of 1.45 and a beta of 1.13. NV5 Global, Inc. has a 12-month low of $14.75 and a 12-month high of $26.14.

NV5 Global (NASDAQ:NVEE - Get Free Report) last released 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 business had revenue of $123.20 million during the quarter, compared to analyst estimates of $229.89 million. On average, equities analysts anticipate that NV5 Global, Inc. will post 1.26 earnings per share for the current year.

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.