Bowman Consulting Group Ltd. (NASDAQ:BWMN) Short Interest Update

Bowman Consulting Group Ltd. (NASDAQ:BWMN) was the target of a large growth in short interest in the month of June. As of June 15th, there was short interest totalling 482,100 shares, a growth of 22.6% from the May 31st total of 393,100 shares. Currently, 3.4% of the company’s stock are short sold. Based on an average daily trading volume, of 108,700 shares, the days-to-cover ratio is presently 4.4 days.

Insider Activity

In other news, CEO Gary Bowman sold 3,750 shares of the firm’s stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $31.72, for a total transaction of $118,950.00. Following the sale, the chief executive officer now owns 973,475 shares of the company’s stock, valued at approximately $30,878,627. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Bruce J. Labovitz sold 10,000 shares of Bowman Consulting Group stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $30.79, for a total value of $307,900.00. Following the sale, the chief financial officer now directly owns 283,288 shares in the company, valued at $8,722,437.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Gary Bowman sold 3,750 shares of the business’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $31.72, for a total value of $118,950.00. Following the sale, the chief executive officer now owns 973,475 shares in the company, valued at $30,878,627. The disclosure for this sale can be found here. In the last quarter, insiders sold 36,230 shares of company stock worth $1,135,456. 20.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of BWMN. Vanguard Group Inc. raised its position in shares of Bowman Consulting Group by 28.0% during the 1st quarter. Vanguard Group Inc. now owns 662,733 shares of the company’s stock valued at $23,056,000 after acquiring an additional 144,978 shares during the last quarter. Summit Creek Advisors LLC lifted its position in Bowman Consulting Group by 19.0% during the first quarter. Summit Creek Advisors LLC now owns 300,253 shares of the company’s stock worth $10,446,000 after acquiring an additional 47,844 shares during the last quarter. Silvercrest Asset Management Group LLC lifted its position in Bowman Consulting Group by 28.3% during the first quarter. Silvercrest Asset Management Group LLC now owns 188,724 shares of the company’s stock worth $6,566,000 after acquiring an additional 41,669 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of Bowman Consulting Group by 33.8% in the first quarter. Russell Investments Group Ltd. now owns 66,348 shares of the company’s stock valued at $2,308,000 after buying an additional 16,761 shares in the last quarter. Finally, Polen Capital Management LLC acquired a new stake in shares of Bowman Consulting Group in the fourth quarter valued at approximately $2,010,000. Institutional investors own 63.20% of the company’s stock.

Bowman Consulting Group Stock Up 2.7 %

NASDAQ BWMN traded up $0.84 during trading on Tuesday, hitting $31.59. 59,477 shares of the company traded hands, compared to its average volume of 93,214. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.16. The business has a fifty day simple moving average of $31.62 and a 200 day simple moving average of $33.15. The company has a market capitalization of $558.20 million, a P/E ratio of -47.15 and a beta of 1.15. Bowman Consulting Group has a 12 month low of $25.52 and a 12 month high of $42.90.

Bowman Consulting Group (NASDAQ:BWMN) last released its earnings results on Monday, May 6th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.18. Bowman Consulting Group had a positive return on equity of 5.63% and a negative net margin of 2.43%. The business had revenue of $94.91 million for the quarter, compared to the consensus estimate of $93.51 million. As a group, sell-side analysts predict that Bowman Consulting Group will post 0.09 EPS for the current year.

Analyst Ratings Changes

Several research firms recently commented on BWMN. Bank of America began coverage on Bowman Consulting Group in a research note on Friday, May 24th. They issued a “buy” rating and a $36.50 target price for the company. B. Riley reissued a “buy” rating and issued a $47.00 price target (up previously from $44.00) on shares of Bowman Consulting Group in a report on Wednesday, March 13th. Robert W. Baird initiated coverage on Bowman Consulting Group in a report on Monday, June 3rd. They issued an “outperform” rating and a $37.00 price target for the company. Baird R W raised Bowman Consulting Group to a “strong-buy” rating in a report on Monday, June 3rd. Finally, Roth Mkm dropped their price target on Bowman Consulting Group from $49.00 to $47.00 and set a “buy” rating on the stock in a research report on Wednesday, May 8th. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $42.50.

Bowman Consulting Group Company Profile

Bowman Consulting Group Ltd. provides a range of real estate, energy, infrastructure, and environmental management solutions in the United States. It offers civil and site engineering services, such as conceptual land planning, environmental consulting and permitting, planning/zoning and entitlements, roadway and highway designs, erosion and sediment designs, stormwater management designs, construction administration, traffic studies, floodplain studies, and utility relocation designs; and commissioning and energy efficiency services comprise construction observation, direct systems functional performance testing, system development readiness checklist, post occupancy review, review of construction documents, deferred/seasonal functional testing, final commissioning report, and commissioning review of submittals.