Pacific Ridge Capital Partners LLC lessened its position in shares of NV5 Global Inc (NASDAQ:NVEE) by 30.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 82,428 shares of the business services provider’s stock after selling 35,770 shares during the period. NV5 Global comprises 1.2% of Pacific Ridge Capital Partners LLC’s portfolio, making the stock its 28th largest position. Pacific Ridge Capital Partners LLC owned 0.76% of NV5 Global worth $4,463,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Sei Investments Co. lifted its holdings in NV5 Global by 123.5% during the 3rd quarter. Sei Investments Co. now owns 2,937 shares of the business services provider’s stock worth $160,000 after buying an additional 1,623 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in NV5 Global by 536.1% during the 3rd quarter. Victory Capital Management Inc. now owns 3,664 shares of the business services provider’s stock worth $200,000 after buying an additional 3,088 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in NV5 Global by 2.5% during the 2nd quarter. Wells Fargo & Company MN now owns 5,083 shares of the business services provider’s stock worth $216,000 after buying an additional 126 shares during the last quarter. Simplex Trading LLC lifted its holdings in NV5 Global by 1,972.5% during the 3rd quarter. Simplex Trading LLC now owns 4,000 shares of the business services provider’s stock worth $218,000 after buying an additional 3,807 shares during the last quarter. Finally, Alliancebernstein L.P. bought a new position in NV5 Global during the 2nd quarter worth approximately $238,000. 55.69% of the stock is currently owned by institutional investors.
A number of research analysts have commented on the company. BidaskClub downgraded NV5 Global from a “hold” rating to a “sell” rating in a report on Tuesday, February 13th. Zacks Investment Research raised NV5 Global from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a report on Saturday, January 6th. Lake Street Capital increased their target price on NV5 Global to $66.00 and gave the stock a “buy” rating in a report on Thursday, November 9th. Finally, Roth Capital raised their price target on NV5 Global from $48.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, November 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. NV5 Global has an average rating of “Hold” and an average target price of $58.00.
Shares of NV5 Global Inc (NASDAQ:NVEE) opened at $43.70 on Friday. The stock has a market capitalization of $468.63, a P/E ratio of 20.30, a P/E/G ratio of 0.81 and a beta of 1.17. NV5 Global Inc has a 1-year low of $34.25 and a 1-year high of $58.95. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.54 and a quick ratio of 2.54.
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About NV5 Global
NV5 Global, Inc, formerly NV5 Holdings, Inc, is a holding company. The Company provides professional and technical engineering and consulting solutions to public and private sector clients in the infrastructure, energy, construction, real estate and environmental markets. It focuses on five business verticals: construction quality assurance, infrastructure, energy, program management, and environmental solutions.
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