Bowman Consulting Group Ltd. (NASDAQ:BWMN) Shares Sold by Emerald Advisers LLC

Emerald Advisers LLC cut its holdings in Bowman Consulting Group Ltd. (NASDAQ:BWMN) by 61.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 3,076 shares of the company’s stock after selling 4,998 shares during the period. Emerald Advisers LLC’s holdings in Bowman Consulting Group were worth $77,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of BWMN. Quantbot Technologies LP boosted its stake in Bowman Consulting Group by 115.6% in the third quarter. Quantbot Technologies LP now owns 3,893 shares of the company’s stock valued at $94,000 after acquiring an additional 2,087 shares during the period. SG Americas Securities LLC acquired a new position in Bowman Consulting Group during the 4th quarter valued at approximately $147,000. Rhumbline Advisers boosted its position in Bowman Consulting Group by 7.6% during the 4th quarter. Rhumbline Advisers now owns 17,984 shares of the company’s stock valued at $449,000 after purchasing an additional 1,277 shares during the period. Barclays PLC boosted its position in Bowman Consulting Group by 210.4% during the 3rd quarter. Barclays PLC now owns 21,341 shares of the company’s stock valued at $513,000 after purchasing an additional 14,466 shares during the period. Finally, Janus Henderson Group PLC boosted its position in Bowman Consulting Group by 10.8% during the 3rd quarter. Janus Henderson Group PLC now owns 24,306 shares of the company’s stock valued at $585,000 after purchasing an additional 2,370 shares during the period. 63.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Robert Alan Hickey sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $22.46, for a total value of $56,150.00. Following the sale, the insider now directly owns 188,177 shares in the company, valued at $4,226,455.42. The trade was a 1.31 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 20.40% of the company’s stock.

Analysts Set New Price Targets

BWMN has been the subject of several analyst reports. B. Riley raised shares of Bowman Consulting Group to a “strong-buy” rating in a report on Tuesday, March 18th. Bank of America reduced their target price on shares of Bowman Consulting Group from $36.50 to $30.50 and set a “buy” rating for the company in a research note on Wednesday, March 12th. Finally, Robert W. Baird reduced their price objective on Bowman Consulting Group from $29.00 to $28.00 and set an “outperform” rating for the company in a research report on Thursday, March 13th. Three analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $33.83.

Bowman Consulting Group Stock Performance

BWMN stock opened at $24.33 on Monday. The company has a 50-day simple moving average of $23.14 and a 200 day simple moving average of $23.88. The company has a market capitalization of $420.03 million, a P/E ratio of -30.80 and a beta of 1.32. Bowman Consulting Group Ltd. has a fifty-two week low of $17.90 and a fifty-two week high of $40.99. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.16.

Bowman Consulting Group (NASDAQ:BWMN) last issued its quarterly earnings results on Tuesday, March 11th. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.06). Bowman Consulting Group had a positive return on equity of 3.76% and a negative net margin of 2.62%. The company had revenue of $113.22 million during the quarter, compared to analyst estimates of $110.00 million.

About Bowman Consulting Group

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.