Is NV5 Global (NVEE) A Great Investment Choice?

Singular Research, an investment management firm, published its November 2021 investor letter – a copy of which can be seen here. For the month of November, the Singular coverage list underperformed the S&P 500 and Russell 2000 by (593) and (248) basis points, respectively.  Over the last twelve months, the Singular coverage list outperformed the S&P 500 and Russell 2000 by 3,502 and 4,029 basis points, respectively. You can take a look at the fund’s top 5 holdings to have an idea about their best picks for 2021.

Singular Research, in its Q3 2021 investor letter, mentioned NV5 Global, Inc. (NASDAQ: NVEE) and discussed its stance on the firm. NV5 Global, Inc. is a Hollywood, Florida-based engineering services company with a  $2.0 billion market capitalization. NVEE delivered a 66.27% return since the beginning of the year, while its 12-month returns are up by 67.08%. The stock closed at $130.99 per share on December 21, 2021.

Here is what Singular Research has to say about NV5 Global, Inc.  in its Q3 2021 investor letter:

“For the month of November, the Singular coverage list underperformed the S&P 500 and Russell 2000 by (593) and (248) basis points, respectively. Over the last twelve months, the Singular coverage list outperformed the S&P 500 and Russell 2000 by 3,502 and 4,029 basis points, respectively. Since our 2004 inception, the Singular coverage list has outperformed the S&P 500 and Russell 2000 by an annualized 488 and 495 basis points, respectively. NVEE was also a winner for the month as the Company had good third quarter earnings with revenue and net income up 9% and 62% year-over-year, respectively.”

Pixabay/Public Domain

Based on our calculations, NV5 Global, Inc. (NASDAQ: NVEE) was not able to clinch a spot in our list of the 30 Most Popular Stocks Among Hedge Funds. NVEE was in 11 hedge fund portfolios at the end of the third quarter of 2021, compared to 10 funds in the previous quarter. NV5 Global, Inc. (NASDAQ: NVEE) delivered a 32.11% return in the past 3 months.

You can find more than 100 investor letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q3 page.

Disclosure: None. This article is originally published at Insider Monkey.