Bowman Consulting Group Ltd. (NASDAQ:BWMN) Shares Acquired by Pacific Ridge Capital Partners LLC

Pacific Ridge Capital Partners LLC boosted its position in shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN) by 7.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 274,711 shares of the company’s stock after purchasing an additional 18,902 shares during the period. Bowman Consulting Group makes up 1.6% of Pacific Ridge Capital Partners LLC’s portfolio, making the stock its 18th biggest position. Pacific Ridge Capital Partners LLC owned 1.57% of Bowman Consulting Group worth $6,854,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its stake in shares of Bowman Consulting Group by 9.0% during the 3rd quarter. Geode Capital Management LLC now owns 326,306 shares of the company’s stock valued at $7,859,000 after buying an additional 27,056 shares during the last quarter. Barclays PLC boosted its stake 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 acquiring an additional 14,466 shares during the last quarter. State Street Corp grew its holdings in Bowman Consulting Group by 5.8% during the 3rd quarter. State Street Corp now owns 255,259 shares of the company’s stock worth $6,147,000 after acquiring an additional 13,904 shares in the last quarter. FMR LLC increased its position in shares of Bowman Consulting Group by 5.0% in the 3rd quarter. FMR LLC now owns 2,730,755 shares of the company’s stock worth $65,757,000 after purchasing an additional 128,981 shares during the last quarter. Finally, Rhumbline Advisers raised its stake in shares of Bowman Consulting Group by 7.6% in 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 in the last quarter. Hedge funds and other institutional investors own 63.20% of the company’s stock.

Bowman Consulting Group Stock Performance

Shares of BWMN stock opened at $23.78 on Thursday. The company has a market cap of $410.54 million, a P/E ratio of -30.10 and a beta of 1.32. The business has a 50 day moving average of $23.13 and a two-hundred day moving average of $23.90. Bowman Consulting Group Ltd. has a 52 week low of $17.90 and a 52 week high of $36.65. 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 data on Tuesday, March 11th. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.06). The company had revenue of $113.22 million for the quarter, compared to the consensus estimate of $110.00 million. Bowman Consulting Group had a positive return on equity of 3.76% and a negative net margin of 2.62%.

Wall Street Analyst Weigh In

A number of research firms recently commented on BWMN. Bank of America decreased their price target on 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. Robert W. Baird decreased their target price 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. Finally, B. Riley raised Bowman Consulting Group to a “strong-buy” rating in a research report on Tuesday, March 18th. Three analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $33.83.

Insider Transactions 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 completion of the transaction, the insider now directly owns 188,177 shares in the company, valued at approximately $4,226,455.42. The trade was a 1.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 20.40% of the company’s stock.

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.