Bowman Consulting Group Ltd. (NASDAQ:BWMN) Shares Acquired by Summit Creek Advisors LLC

Summit Creek Advisors LLC lifted its position in shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN) by 14.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 373,443 shares of the company’s stock after purchasing an additional 46,816 shares during the period. Summit Creek Advisors LLC’s holdings in Bowman Consulting Group were worth $9,317,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in BWMN. Charles Schwab Investment Management Inc. increased its position in shares of 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 Bowman Consulting Group by 5.0% in the 3rd quarter. FMR LLC now owns 2,730,755 shares of the company’s stock valued at $65,757,000 after acquiring an additional 128,981 shares during the period. Quantbot Technologies LP increased its position in Bowman Consulting Group by 115.6% in the 3rd 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. Janus Henderson Group PLC increased its position in Bowman Consulting Group by 10.8% in the 3rd quarter. Janus Henderson Group PLC now owns 24,306 shares of the company’s stock valued at $585,000 after acquiring an additional 2,370 shares during the period. Finally, Polar Asset Management Partners Inc. increased its position in Bowman Consulting Group by 16.3% in the 3rd quarter. Polar Asset Management Partners Inc. now owns 482,847 shares of the company’s stock valued at $11,627,000 after acquiring an additional 67,708 shares during the period. Institutional investors and hedge funds own 63.20% of the company’s stock.

Analyst Upgrades and Downgrades

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

Bowman Consulting Group Price Performance

Shares of BWMN opened at $24.33 on Monday. Bowman Consulting Group Ltd. has a twelve month low of $17.90 and a twelve month high of $40.99. The stock’s 50 day moving average is $23.14 and its two-hundred day moving average is $23.88. The firm has a market capitalization of $420.03 million, a PE ratio of -30.80 and a beta of 1.32. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.16.

Bowman Consulting Group (NASDAQ:BWMN) last announced its quarterly earnings data 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 negative net margin of 2.62% and a positive return on equity of 3.76%. The business had revenue of $113.22 million during the quarter, compared to analysts’ expectations of $110.00 million.

Insider Buying and Selling at Bowman Consulting Group

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

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.