Summit Creek Advisors LLC cut its position in shares of NV5 Global, Inc. (NASDAQ:NVEE) by 6.6% during the second quarter, according to its most recent filing with the SEC. The fund owned 233,125 shares of the business services provider’s stock after selling 16,560 shares during the period. NV5 Global makes up 2.0% of Summit Creek Advisors LLC’s investment portfolio, making the stock its 22nd largest position. Summit Creek Advisors LLC owned about 2.31% of NV5 Global worth $9,908,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of NVEE. Emerald Advisers Inc. PA acquired a new stake in NV5 Global during the first quarter worth $5,759,000. Grandeur Peak Global Advisors LLC boosted its stake in NV5 Global by 368.2% in the first quarter. Grandeur Peak Global Advisors LLC now owns 106,050 shares of the business services provider’s stock worth $3,987,000 after buying an additional 83,400 shares during the period. Emerald Mutual Fund Advisers Trust acquired a new stake in NV5 Global during the first quarter worth $3,100,000. Pembroke Management LTD boosted its stake in NV5 Global by 29.8% in the first quarter. Pembroke Management LTD now owns 320,704 shares of the business services provider’s stock worth $12,058,000 after buying an additional 73,600 shares during the period. Finally, Woodstock Corp acquired a new stake in NV5 Global during the second quarter worth $2,600,000. Institutional investors and hedge funds own 54.70% of the company’s stock.

Shares of NV5 Global, Inc. (NASDAQ NVEE) traded down 0.12% on Tuesday, reaching $41.35. The company’s stock had a trading volume of 15,637 shares. The firm’s 50 day moving average is $39.00 and its 200-day moving average is $37.77. NV5 Global, Inc. has a 52-week low of $24.57 and a 52-week high of $44.10. The stock has a market cap of $416.89 million, a P/E ratio of 35.52 and a beta of 1.46.

NV5 Global (NASDAQ:NVEE) last issued its quarterly earnings results on Thursday, May 4th. The business services provider reported $0.39 EPS for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.02. The business had revenue of $64.06 million for the quarter, compared to analyst estimates of $69.75 million. NV5 Global had a return on equity of 11.52% and a net margin of 4.86%. On average, equities research analysts forecast that NV5 Global, Inc. will post $2.22 EPS for the current year.

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NVEE has been the topic of a number of research analyst reports. Zacks Investment Research upgraded NV5 Global from a “hold” rating to a “strong-buy” rating and set a $43.00 price target on the stock in a research note on Wednesday, May 10th. Lake Street Capital initiated coverage on NV5 Global in a research note on Tuesday, March 21st. They issued a “buy” rating and a $47.00 price target on the stock. Finally, Sidoti initiated coverage on NV5 Global in a research note on Wednesday, July 5th. They issued a “neutral” rating and a $45.00 price target on the stock. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $42.00.

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.

Institutional Ownership by Quarter for NV5 Global (NASDAQ:NVEE)

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