Tributary Capital Management LLC Sells 85,386 Shares of NV5 Global, Inc. (NASDAQ:NVEE)

Tributary Capital Management LLC reduced its position in NV5 Global, Inc. (NASDAQ:NVEE - Free Report) by 9.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 860,323 shares of the business services provider's stock after selling 85,386 shares during the quarter. Tributary Capital Management LLC owned approximately 1.31% of NV5 Global worth $16,578,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. BNP Paribas lifted its holdings in shares of NV5 Global by 300.0% during the fourth quarter. BNP Paribas now owns 1,400 shares of the business services provider's stock valued at $26,000 after acquiring an additional 1,050 shares during the period. Sterling Capital Management LLC lifted its holdings in shares of NV5 Global by 3,320.5% during the fourth quarter. Sterling Capital Management LLC now owns 1,505 shares of the business services provider's stock valued at $28,000 after acquiring an additional 1,461 shares during the period. GAMMA Investing LLC lifted its holdings in shares of NV5 Global by 9,916.7% during the first quarter. GAMMA Investing LLC now owns 3,005 shares of the business services provider's stock valued at $58,000 after acquiring an additional 2,975 shares during the period. Signaturefd LLC bought a new position in shares of NV5 Global during the first quarter valued at $66,000. Finally, Point72 Asset Management L.P. bought a new position in shares of NV5 Global during the fourth quarter valued at $80,000. 75.54% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Maxim Group restated a "hold" rating on shares of NV5 Global in a research note on Thursday, July 3rd. Lake Street Capital lowered NV5 Global from a "buy" rating to a "hold" rating in a research note on Thursday, May 15th. William Blair reiterated a "market perform" rating on shares of NV5 Global in a research report on Thursday, May 15th. CJS Securities lowered NV5 Global from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 10th. Finally, Wall Street Zen lowered NV5 Global from a "buy" rating to a "hold" rating in a research report on Wednesday, May 14th. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $25.67.

NV5 Global Trading Up 0.3%

Shares of NV5 Global stock traded up $0.07 during trading on Thursday, hitting $23.06. 1,148,410 shares of the company were exchanged, compared to its average volume of 539,163. NV5 Global, Inc. has a 1-year low of $14.75 and a 1-year high of $26.14. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.86 and a quick ratio of 1.86. The firm has a market capitalization of $1.55 billion, a P/E ratio of 46.59, a price-to-earnings-growth ratio of 1.46 and a beta of 1.13. The firm's fifty day moving average price is $22.32 and its 200 day moving average price is $19.46.

NV5 Global (NASDAQ:NVEE - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The business services provider reported $0.17 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $229.89 million. As a group, sell-side analysts expect that NV5 Global, Inc. will post 1.26 earnings per share for the current fiscal 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.