Stratos Wealth Partners LTD. trimmed its position in shares of NV5 Global Inc (NASDAQ:NVEE) by 14.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,914 shares of the business services provider’s stock after selling 1,535 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in NV5 Global were worth $773,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of NVEE. Advisory Services Network LLC lifted its position in shares of NV5 Global by 2,003.7% in the second quarter. Advisory Services Network LLC now owns 2,251 shares of the business services provider’s stock valued at $170,000 after acquiring an additional 2,144 shares in the last quarter. Alta Capital Management LLC purchased a new stake in shares of NV5 Global in the second quarter valued at $203,000. Ipswich Investment Management Co. Inc. purchased a new stake in shares of NV5 Global in the third quarter valued at $213,000. Voya Investment Management LLC purchased a new stake in shares of NV5 Global in the second quarter valued at $230,000. Finally, Sei Investments Co. lifted its position in shares of NV5 Global by 51.3% in the second quarter. Sei Investments Co. now owns 5,370 shares of the business services provider’s stock valued at $372,000 after acquiring an additional 1,820 shares in the last quarter. Institutional investors own 52.82% of the company’s stock.
Several brokerages have recently issued reports on NVEE. ValuEngine upgraded NV5 Global from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 8th. Roth Capital upped their price objective on NV5 Global from $90.00 to $97.00 and gave the company a “buy” rating in a research report on Wednesday, August 29th. Zacks Investment Research upgraded NV5 Global from a “hold” rating to a “buy” rating and set a $102.00 price objective on the stock in a research report on Thursday, August 9th. Seaport Global Securities restated a “buy” rating and issued a $95.00 price objective on shares of NV5 Global in a research report on Monday, August 6th. Finally, BidaskClub downgraded NV5 Global from a “strong-buy” rating to a “buy” rating in a research report on Thursday, September 27th. Eight research analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and an average price target of $97.50.
NV5 Global stock opened at $86.21 on Friday. The firm has a market capitalization of $1.09 billion, a P/E ratio of 36.22, a price-to-earnings-growth ratio of 1.37 and a beta of 1.46. NV5 Global Inc has a 52 week low of $40.01 and a 52 week high of $96.70. The company has a quick ratio of 2.48, a current ratio of 2.48 and a debt-to-equity ratio of 0.25.
NV5 Global (NASDAQ:NVEE) last released its earnings results on Thursday, November 8th. The business services provider reported $0.82 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.84 by ($0.02). The business had revenue of $104.19 million during the quarter, compared to analyst estimates of $104.50 million. NV5 Global had a net margin of 7.74% and a return on equity of 17.97%. The business’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.75 earnings per share. Research analysts predict that NV5 Global Inc will post 3.33 EPS for the current year.
In other NV5 Global news, CEO Dickerson Wright sold 1,145 shares of the company’s stock in a transaction dated Tuesday, October 2nd. The stock was sold at an average price of $83.50, for a total transaction of $95,607.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Alexander A. Hockman sold 10,000 shares of the company’s stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $82.73, for a total value of $827,300.00. Following the sale, the chief operating officer now owns 255,183 shares of the company’s stock, valued at $21,111,289.59. The disclosure for this sale can be found here. Corporate insiders own 26.00% of the company’s stock.
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NV5 Global Profile
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.
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