Bowman Consulting Group Ltd. (NASDAQ:BWMN) Stock Position Boosted by Pacific Ridge Capital Partners LLC

Pacific Ridge Capital Partners LLC grew its stake in shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN) by 7.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 274,711 shares of the company’s stock after acquiring an additional 18,902 shares during the period. Bowman Consulting Group makes up about 1.6% of Pacific Ridge Capital Partners LLC’s holdings, making the stock its 18th largest position. Pacific Ridge Capital Partners LLC’s holdings in Bowman Consulting Group were worth $6,854,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in BWMN. Charles Schwab Investment Management Inc. raised its holdings in Bowman Consulting Group by 2.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 38,708 shares of the company’s stock worth $932,000 after purchasing an additional 913 shares in the last quarter. FMR LLC increased its position in shares of Bowman Consulting Group by 5.0% during the 3rd quarter. FMR LLC now owns 2,730,755 shares of the company’s stock valued at $65,757,000 after purchasing an additional 128,981 shares during the period. Quantbot Technologies LP raised its stake in shares of Bowman Consulting Group by 115.6% in the 3rd quarter. Quantbot Technologies LP now owns 3,893 shares of the company’s stock worth $94,000 after buying an additional 2,087 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Bowman Consulting Group by 10.8% in the third quarter. Janus Henderson Group PLC now owns 24,306 shares of the company’s stock valued at $585,000 after buying an additional 2,370 shares during the period. Finally, Polar Asset Management Partners Inc. boosted its stake in Bowman Consulting Group by 16.3% during the third quarter. Polar Asset Management Partners Inc. now owns 482,847 shares of the company’s stock valued at $11,627,000 after buying an additional 67,708 shares in the last quarter. 63.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have commented on BWMN. Robert W. Baird dropped their price target on shares of Bowman Consulting Group from $29.00 to $28.00 and set an “outperform” rating on the stock in a research report on Thursday, March 13th. Bank of America dropped their target price on shares of Bowman Consulting Group from $36.50 to $30.50 and set a “buy” rating on the stock in a report on Wednesday, March 12th. Finally, B. Riley upgraded shares of Bowman Consulting Group to a “strong-buy” rating in a report on Tuesday, March 18th. Three research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $33.83.

Insiders Place Their Bets

In related news, insider Robert Alan Hickey sold 2,500 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $22.46, for a total value of $56,150.00. Following the completion of the sale, the insider now directly owns 188,177 shares of the company’s stock, valued at approximately $4,226,455.42. This represents a 1.31 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 20.40% of the company’s stock.

Bowman Consulting Group Trading Down 3.4 %

NASDAQ:BWMN opened at $23.78 on Thursday. The stock has a fifty day simple moving average of $23.13 and a 200 day simple moving average of $23.90. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $410.54 million, a price-to-earnings ratio of -30.10 and a beta of 1.32. Bowman Consulting Group Ltd. has a 1-year low of $17.90 and a 1-year high of $36.65.

Bowman Consulting Group (NASDAQ:BWMN) last released its earnings results on Tuesday, March 11th. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $113.22 million during the quarter, compared to analysts’ expectations of $110.00 million.

Bowman Consulting Group 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.