Cruiser Capital Advisors LLC Cuts Stake in NV5 Global, Inc. (NASDAQ:NVEE)

Cruiser Capital Advisors LLC decreased its holdings in shares of NV5 Global, Inc. (NASDAQ:NVEE) by 3.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 27,452 shares of the business services provider’s stock after selling 945 shares during the quarter. NV5 Global accounts for about 3.1% of Cruiser Capital Advisors LLC’s investment portfolio, making the stock its 9th biggest position. Cruiser Capital Advisors LLC’s holdings in NV5 Global were worth $3,041,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Skylands Capital LLC grew its stake in shares of NV5 Global by 15.1% during the first quarter. Skylands Capital LLC now owns 18,330 shares of the business services provider’s stock valued at $1,906,000 after buying an additional 2,400 shares during the last quarter. Anchor Capital Advisors LLC grew its stake in NV5 Global by 1.4% in the second quarter. Anchor Capital Advisors LLC now owns 25,681 shares of the business services provider’s stock worth $2,845,000 after purchasing an additional 353 shares in the last quarter. Bank of Montreal Can bought a new position in NV5 Global in the second quarter worth approximately $1,200,000. Taylor Frigon Capital Management LLC grew its stake in NV5 Global by 23.4% in the second quarter. Taylor Frigon Capital Management LLC now owns 31,090 shares of the business services provider’s stock worth $3,444,000 after purchasing an additional 5,905 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust grew its stake in NV5 Global by 4.3% in the first quarter. Emerald Mutual Fund Advisers Trust now owns 211,274 shares of the business services provider’s stock worth $21,966,000 after purchasing an additional 8,690 shares in the last quarter. Institutional investors own 71.93% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on NVEE shares. Roth Mkm dropped their price objective on NV5 Global from $136.00 to $121.00 and set a “buy” rating on the stock in a research note on Friday, November 3rd. William Blair assumed coverage on NV5 Global in a report on Wednesday, September 13th. They set an “outperform” rating for the company. Finally, StockNews.com assumed coverage on NV5 Global in a report on Thursday, October 5th. They set a “hold” rating for the company. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $119.67.

NV5 Global Stock Up 0.6 %

NV5 Global stock traded up $0.62 during mid-day trading on Monday, reaching $99.37. 3,114 shares of the company were exchanged, compared to its average volume of 92,566. The business has a fifty day moving average of $98.40 and a 200 day moving average of $100.94. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.81 and a current ratio of 1.81. The firm has a market cap of $1.58 billion, a P/E ratio of 35.65, a PEG ratio of 1.38 and a beta of 1.21. NV5 Global, Inc. has a 12-month low of $89.30 and a 12-month high of $151.31.

Insider Activity

In other news, Director William D. Pruitt sold 3,000 shares of the stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $92.38, for a total transaction of $277,140.00. Following the completion of the sale, the director now owns 15,500 shares in the company, valued at approximately $1,431,890. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, VP Richard Tong sold 3,169 shares of the stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $96.81, for a total transaction of $306,790.89. Following the completion of the sale, the vice president now owns 16,707 shares in the company, valued at approximately $1,617,404.67. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director William D. Pruitt sold 3,000 shares of the firm’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $92.38, for a total value of $277,140.00. Following the completion of the transaction, the director now owns 15,500 shares of the company’s stock, valued at approximately $1,431,890. The disclosure for this sale can be found here. Company insiders own 12.40% of the company’s stock.

NV5 Global Profile

NV5 Global, Inc offers professional and technical engineering and consulting solutions to public and private sector clients in the infrastructure, utility services, construction, real estate, and environmental markets in the United States and internationally. It operates through three segments: Infrastructure; Building, Technology & Sciences; and Geospatial Solutions.