Jackson Creek Investment Advisors LLC Acquires New Stake in NV5 Global, Inc. (NASDAQ:NVEE)

Jackson Creek Investment Advisors LLC acquired a new stake in shares of NV5 Global, Inc. (NASDAQ:NVEE) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 84,385 shares of the business services provider’s stock, valued at approximately $1,626,000. Jackson Creek Investment Advisors LLC owned about 0.13% of NV5 Global as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Heritage Family Offices LLP boosted its stake in shares of NV5 Global by 6.8% during the first quarter. Heritage Family Offices LLP now owns 11,090 shares of the business services provider’s stock valued at $214,000 after acquiring an additional 706 shares during the last quarter. Linden Thomas Advisory Services LLC boosted its stake in shares of NV5 Global by 1.6% during the first quarter. Linden Thomas Advisory Services LLC now owns 50,964 shares of the business services provider’s stock valued at $982,000 after acquiring an additional 795 shares during the last quarter. BNP Paribas boosted its stake 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 last quarter. Janney Montgomery Scott LLC lifted its position in NV5 Global by 8.7% during the first quarter. Janney Montgomery Scott LLC now owns 14,953 shares of the business services provider’s stock worth $288,000 after buying an additional 1,203 shares during the period. Finally, Azzad Asset Management Inc. ADV lifted its position in NV5 Global by 3.3% during the first quarter. Azzad Asset Management Inc. ADV now owns 43,471 shares of the business services provider’s stock worth $838,000 after buying an additional 1,392 shares during the period. Institutional investors and hedge funds own 75.54% of the company’s stock.

NV5 Global Stock Up 0.0%

Shares of NVEE stock traded up $0.01 during trading hours on Friday, reaching $23.07. The company had a trading volume of 49,597 shares, compared to its average volume of 537,275. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.86 and a current ratio of 1.86. NV5 Global, Inc. has a twelve month low of $14.75 and a twelve month high of $26.14. The company has a market capitalization of $1.55 billion, a P/E ratio of 46.65, a price-to-earnings-growth ratio of 1.46 and a beta of 1.13. The stock’s fifty day simple moving average is $22.40 and its 200 day simple moving average is $19.49.

NV5 Global (NASDAQ:NVEE) last posted its earnings results on Thursday, May 1st. The business services provider reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). NV5 Global had a net margin of 3.19% and a return on equity of 9.12%. The company had revenue of $123.20 million during the quarter, compared to analyst estimates 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.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on NVEE shares. William Blair reiterated a “market perform” rating on shares of NV5 Global in a research report on Thursday, May 15th. Maxim Group reiterated a “hold” rating on shares of NV5 Global in a research report on Thursday, July 3rd. Wall Street Zen downgraded NV5 Global from a “buy” rating to a “hold” rating in a research report on Wednesday, May 14th. Lake Street Capital downgraded NV5 Global from a “buy” rating to a “hold” rating in a report on Thursday, May 15th. Finally, CJS Securities downgraded NV5 Global from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 10th. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, NV5 Global currently has an average rating of “Hold” and a consensus price target of $25.67.

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.