Gilder Gagnon Howe & Co. LLC Has $14.08 Million Stake in NV5 Global Inc (NVEE)

Gilder Gagnon Howe & Co. LLC lowered its holdings in shares of NV5 Global Inc (NASDAQ:NVEE) by 3.5% in the 3rd quarter, Holdings Channel reports. The fund owned 162,370 shares of the business services provider’s stock after selling 5,829 shares during the period. Gilder Gagnon Howe & Co. LLC’s holdings in NV5 Global were worth $14,077,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System raised its stake in shares of NV5 Global by 10.9% during the second quarter. State Board of Administration of Florida Retirement System now owns 5,979 shares of the business services provider’s stock valued at $414,000 after acquiring an additional 590 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of NV5 Global by 14.2% during the second quarter. Victory Capital Management Inc. now owns 7,090 shares of the business services provider’s stock valued at $491,000 after acquiring an additional 880 shares during the last quarter. Sapphire Star Partners LP raised its stake in shares of NV5 Global by 5.9% during the second quarter. Sapphire Star Partners LP now owns 16,793 shares of the business services provider’s stock valued at $1,164,000 after acquiring an additional 939 shares during the last quarter. First National Bank of Hutchinson raised its stake in shares of NV5 Global by 14.2% during the third quarter. First National Bank of Hutchinson now owns 9,128 shares of the business services provider’s stock valued at $791,000 after acquiring an additional 1,133 shares during the last quarter. Finally, Yorktown Management & Research Co Inc increased its position in shares of NV5 Global by 11.5% during the second quarter. Yorktown Management & Research Co Inc now owns 11,151 shares of the business services provider’s stock worth $773,000 after buying an additional 1,151 shares during the period. 53.14% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have commented on NVEE shares. Zacks Investment Research cut shares of NV5 Global from a “buy” rating to a “hold” rating in a report on Tuesday, July 10th. Roth Capital raised their price target on shares of NV5 Global from $70.00 to $90.00 and gave the stock a “buy” rating in a report on Friday, August 3rd. Lake Street Capital raised their price target on shares of NV5 Global to $98.00 and gave the stock a “buy” rating in a report on Friday, August 3rd. Seaport Global Securities restated a “buy” rating and issued a $95.00 price target on shares of NV5 Global in a report on Monday, August 6th. Finally, ValuEngine upgraded shares of NV5 Global from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 8th. Eight analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and a consensus price target of $97.50.



In other news, COO Alexander A. Hockman sold 10,000 shares of NV5 Global stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of $82.73, for a total transaction of $827,300.00. Following the completion of the transaction, the chief operating officer now directly owns 255,183 shares in the company, valued at $21,111,289.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Dickerson Wright sold 190,500 shares of NV5 Global stock in a transaction dated Thursday, August 9th. The shares were sold at an average price of $79.00, for a total transaction of $15,049,500.00. The disclosure for this sale can be found here. Insiders have sold 201,645 shares of company stock valued at $15,972,408 over the last quarter. Corporate insiders own 26.00% of the company’s stock.

Shares of NASDAQ NVEE opened at $78.07 on Thursday. The stock has a market cap of $939.73 million, a PE ratio of 32.80, a price-to-earnings-growth ratio of 1.19 and a beta of 1.31. NV5 Global Inc has a 1 year low of $40.01 and a 1 year high of $92.75. 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 issued its quarterly earnings data on Thursday, August 2nd. The business services provider reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.10. The firm had revenue of $104.02 million during the quarter, compared to analysts’ expectations of $101.45 million. NV5 Global had a net margin of 7.64% and a return on equity of 17.69%. As a group, research analysts anticipate that NV5 Global Inc will post 3.19 EPS for the current fiscal year.

About NV5 Global

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.

Further Reading: What is a Leveraged Buyout (LBO)?

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

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