Nuvera Communications, Inc. operates as a diversified communications company, which engages in the operation of five local telephone companies and incumbent local exchange carriers and the operation of two competitive local exchange carrier's telephone companies. It offers local service, network access, cellular services, long distance, internet services, TV programming, directory publishing, sales and service of customer premise equipment and bill processing services. The company was founded on May 1, 1905 and is headquartered in New Ulm, MN.
Company profile
Ticker
NUVR
Exchange
Website
CEO
Glenn Zerbe
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
NEW ULM TELECOM INC
SEC CIK
Corporate docs
Subsidiaries
Hutchinson Cellular, Inc. • Hutchinson Telecommunications, Inc. • Hutchinson Telephone Company • Peoples Telephone Company • Scott Rice Telephone Co. • Sleepy Eye Telephone Company • TechTrends, Inc. • Western Telephone Company ...
IRS number
410440990
NUVR stock data
Latest filings (excl ownership)
10-K
2022 FY
Annual report
16 Mar 23
8-K
Nuvera Communications Agrees to Sell Minority Stake In Fibercomm to Imon Communication As Part of a Transaction
12 Jan 23
10-Q
2022 Q3
Quarterly report
9 Nov 22
10-Q
2022 Q2
Quarterly report
9 Aug 22
8-K
Entry into a Material Definitive Agreement
20 Jul 22
8-K
Departure of Directors or Certain Officers
27 May 22
10-Q
2022 Q1
Quarterly report
10 May 22
8-K
Departure of Directors or Certain Officers
12 Apr 22
DEF 14A
Definitive proxy
6 Apr 22
8-K
Entry into a Material Definitive Agreement
21 Mar 22
Latest ownership filings
SC 13G/A
Minerva Advisors LLC
14 Feb 23
SC 13G/A
MAGNOLIA CAPITAL FUND, LP
14 Feb 23
4
Glenn Zerbe
20 Dec 22
4
Curtis O. Kawlewski
20 Dec 22
4
BARBARA A BORNHOFT
20 Dec 22
4/A
BILL D OTIS
1 Jun 22
4
Suzanne M. Spellacy
31 May 22
4
Colleen R. Skillings
31 May 22
4
JAMES J SEIFERT
31 May 22
4
BILL D OTIS
31 May 22
Financial summary
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| Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 310.56 k | 310.56 k | 310.56 k | 310.56 k | 310.56 k | 310.56 k |
| Cash burn (monthly) | 717.43 k | 166.30 k | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | 2.12 mm | 491.99 k | n/a | n/a | n/a | n/a |
| Cash remaining | -1.81 mm | -181.43 k | n/a | n/a | n/a | n/a |
| Runway (months of cash) | -2.5 | -1.1 | n/a | n/a | n/a | n/a |
Institutional ownership, Q1 2021
0.0% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 1 |
| Opened positions | 1 |
| Closed positions | 1 |
| Increased positions | 0 |
| Reduced positions | 0 |
| 13F shares | Current |
|---|---|
| Total value | 35.00 k |
| Total shares | 1.50 k |
| Total puts | 0.00 |
| Total calls | 0.00 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| Cove Street Capital | 1.50 k | $35.00 k |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 20 Dec 22 | Barbara A Bornhoft | Nuvera Communications, Inc. Common Stock | Grant | Acquire A | No | No | 17.18 | 1,847 | 31.73 k | 18,697 |
| 20 Dec 22 | Curtis O. Kawlewski | Nuvera Communications, Inc. Common Stock | Grant | Acquire A | No | No | 17.18 | 1,728 | 29.69 k | 15,002 |
| 20 Dec 22 | Glenn Zerbe | Nuvera Communications, Inc. Common Stock | Grant | Acquire A | No | No | 17.18 | 5,060 | 86.93 k | 13,531 |
| 31 May 22 | Meyer Perry | Common Stock | Grant | Acquire A | No | No | 19.55 | 4,347 | 84.98 k | 77,354 |
| 31 May 22 | Miller Dennis | Common Stock | Grant | Acquire A | No | No | 19.55 | 3,324 | 64.98 k | 35,220 |