Campbell & CO Investment Adviser LLC Makes New $333,000 Investment in NV5 Global Inc (NASDAQ:NVEE)

Campbell & CO Investment Adviser LLC bought a new position in shares of NV5 Global Inc (NASDAQ:NVEE) in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 4,872 shares of the business services provider’s stock, valued at approximately $333,000.

Other hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in NV5 Global during the 2nd quarter worth about $160,000. Calamos Advisors LLC bought a new position in NV5 Global during the 2nd quarter worth about $2,454,000. Advisor Group Inc. increased its holdings in NV5 Global by 49.2% during the 2nd quarter. Advisor Group Inc. now owns 980 shares of the business services provider’s stock worth $79,000 after purchasing an additional 323 shares in the last quarter. Aperio Group LLC bought a new position in NV5 Global during the 2nd quarter worth about $169,000. Finally, Conestoga Capital Advisors LLC increased its holdings in NV5 Global by 3.4% during the 2nd quarter. Conestoga Capital Advisors LLC now owns 5,130 shares of the business services provider’s stock worth $418,000 after purchasing an additional 170 shares in the last quarter. Hedge funds and other institutional investors own 61.15% of the company’s stock.

In related news, COO Alexander A. Hockman sold 6,464 shares of NV5 Global stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $79.30, for a total transaction of $512,595.20. Following the completion of the transaction, the chief operating officer now owns 204,716 shares in the company, valued at $16,233,978.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gerald J. Salontai sold 1,247 shares of NV5 Global stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $74.59, for a total value of $93,013.73. The disclosure for this sale can be found here. Insiders sold a total of 9,711 shares of company stock valued at $763,089 in the last 90 days. 19.62% of the stock is owned by corporate insiders.

Shares of NASDAQ NVEE opened at $70.66 on Friday. The stock has a market capitalization of $895.42 million, a price-to-earnings ratio of 21.81, a PEG ratio of 0.92 and a beta of 1.44. The business has a 50-day moving average of $68.51 and a 200-day moving average of $71.78. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.66 and a quick ratio of 2.66. NV5 Global Inc has a fifty-two week low of $51.46 and a fifty-two week high of $96.70.

NV5 Global (NASDAQ:NVEE) last announced its quarterly earnings data on Wednesday, August 7th. The business services provider reported $1.00 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.06. The company had revenue of $127.97 million during the quarter, compared to analysts’ expectations of $127.57 million. NV5 Global had a return on equity of 13.32% and a net margin of 6.30%. NV5 Global’s revenue for the quarter was up 23.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.91 EPS. On average, sell-side analysts expect that NV5 Global Inc will post 3.8 EPS for the current year.

A number of equities analysts have issued reports on NVEE shares. BidaskClub cut NV5 Global from a “buy” rating to a “hold” rating in a report on Tuesday, August 13th. ValuEngine cut NV5 Global from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Roth Capital decreased their price objective on NV5 Global from $96.00 to $91.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Finally, Zacks Investment Research cut NV5 Global from a “hold” rating to a “sell” rating in a report on Wednesday, September 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. NV5 Global has an average rating of “Hold” and an average target price of $88.25.

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.

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

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