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

Emerald Advisers LLC lowered its position in Bowman Consulting Group Ltd. (NASDAQ:BWMN) by 61.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,076 shares of the company’s stock after selling 4,998 shares during the quarter. Emerald Advisers LLC’s holdings in Bowman Consulting Group were worth $77,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in BWMN. FMR LLC lifted its stake 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 valued at $65,757,000 after purchasing an additional 128,981 shares in the last quarter. Vanguard Group Inc. increased its position in Bowman Consulting Group by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 800,748 shares of the company’s stock worth $19,979,000 after purchasing an additional 13,198 shares in the last quarter. Polar Asset Management Partners Inc. increased its position in Bowman Consulting Group by 16.3% during the 3rd quarter. Polar Asset Management Partners Inc. now owns 482,847 shares of the company’s stock worth $11,627,000 after purchasing an additional 67,708 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Bowman Consulting Group by 9.0% in the third quarter. Geode Capital Management LLC now owns 326,306 shares of the company’s stock worth $7,859,000 after acquiring an additional 27,056 shares in the last quarter. Finally, State Street Corp increased its position in shares of Bowman Consulting Group by 5.8% in the third 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. Hedge funds and other institutional investors own 63.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on BWMN. B. Riley raised shares of Bowman Consulting Group to a “strong-buy” rating in a research report on Tuesday, March 18th. Robert W. Baird lowered their price target on Bowman Consulting Group from $29.00 to $28.00 and set an “outperform” rating for the company in a report on Thursday, March 13th. Finally, Bank of America lowered their target price 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. Three research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Bowman Consulting Group currently has an average rating of “Buy” and a consensus price target of $33.83.

Insider Transactions at Bowman Consulting Group

In other Bowman Consulting Group news, insider Robert Alan Hickey sold 2,500 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were 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 of the company’s stock, valued at $4,226,455.42. This trade represents a 1.31 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 20.40% of the company’s stock.

Bowman Consulting Group Price Performance

BWMN opened at $24.33 on Monday. The company has a fifty day simple moving average of $23.14 and a 200 day simple moving average of $23.88. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.16. The firm has a market cap of $420.03 million, a price-to-earnings ratio of -30.80 and a beta of 1.32. Bowman Consulting Group Ltd. has a twelve month low of $17.90 and a twelve month high of $40.99.

Bowman Consulting Group (NASDAQ:BWMN) last announced 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 negative net margin of 2.62% and a positive return on equity of 3.76%. The business had revenue of $113.22 million for 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.