NV5 (NVEE) is First Wilshire Securities Management Inc.’s 3rd Largest Position

First Wilshire Securities Management Inc. decreased its stake in shares of NV5 (NASDAQ:NVEE) by 9.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 279,252 shares of the business services provider’s stock after selling 28,574 shares during the period. NV5 makes up about 4.1% of First Wilshire Securities Management Inc.’s investment portfolio, making the stock its 3rd largest holding. First Wilshire Securities Management Inc. owned about 2.59% of NV5 worth $15,121,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of NVEE. Sei Investments Co. raised its stake in NV5 by 123.5% in the 3rd quarter. Sei Investments Co. now owns 2,937 shares of the business services provider’s stock worth $160,000 after purchasing an additional 1,623 shares in the last quarter. Advisor Group Inc. increased its holdings in NV5 by 6,792.0% in the 4th quarter. Advisor Group Inc. now owns 3,446 shares of the business services provider’s stock valued at $187,000 after buying an additional 3,396 shares during the period. Victory Capital Management Inc. increased its holdings in NV5 by 536.1% in the 3rd quarter. Victory Capital Management Inc. now owns 3,664 shares of the business services provider’s stock valued at $200,000 after buying an additional 3,088 shares during the period. Wells Fargo & Company MN increased its holdings in NV5 by 2.5% in the 2nd quarter. Wells Fargo & Company MN now owns 5,083 shares of the business services provider’s stock valued at $216,000 after buying an additional 126 shares during the period. Finally, Cue Financial Group Inc. bought a new position in NV5 in the 4th quarter valued at about $312,000. 56.21% of the stock is owned by institutional investors.

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In other NV5 news, Chairman Dickerson Wright sold 10,000 shares of the company’s stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $54.51, for a total transaction of $545,100.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Maryjo O’brien sold 2,500 shares of the company’s stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $55.07, for a total transaction of $137,675.00. Following the sale, the vice president now directly owns 69,147 shares in the company, valued at $3,807,925.29. The disclosure for this sale can be found here. Corporate insiders own 26.00% of the company’s stock.

Several equities research analysts recently issued reports on the stock. BidaskClub raised shares of NV5 from a “hold” rating to a “buy” rating in a report on Saturday, March 17th. Zacks Investment Research lowered shares of NV5 from a “buy” rating to a “hold” rating in a report on Friday, January 5th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $58.80.

NV5 stock opened at $56.25 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.33 and a current ratio of 2.33. NV5 has a 12-month low of $35.35 and a 12-month high of $58.95. The firm has a market cap of $626.62, a P/E ratio of 23.63, a P/E/G ratio of 0.94 and a beta of 1.05.

NV5 (NASDAQ:NVEE) last released its earnings results on Thursday, March 8th. The business services provider reported $0.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.08. The company had revenue of $93.98 million for the quarter, compared to the consensus estimate of $96.35 million. NV5 had a net margin of 7.21% and a return on equity of 15.89%. equities research analysts expect that NV5 will post 3.07 EPS for the current fiscal year.

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About NV5

NV5 Global, Inc provides professional and technical engineering and consulting services to public and private sector clients in the infrastructure, energy, construction, real estate, and environmental markets in the United States and internationally. It operates through two segments, Infrastructure; and Building, Technology & Sciences.

Institutional Ownership by Quarter for NV5 (NASDAQ:NVEE)

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