Emerald Advisers LLC Sells 8,461 Shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN)

Emerald Advisers LLC lowered its stake in shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN) by 51.2% during the 3rd quarter, Holdings Channel.com reports. The fund owned 8,074 shares of the company’s stock after selling 8,461 shares during the quarter. Emerald Advisers LLC’s holdings in Bowman Consulting Group were worth $194,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the stock. Norden Group LLC purchased a new position in shares of Bowman Consulting Group during the first quarter valued at approximately $207,000. Russell Investments Group Ltd. grew its position in Bowman Consulting Group by 33.8% in the 1st quarter. Russell Investments Group Ltd. now owns 66,348 shares of the company’s stock worth $2,308,000 after purchasing an additional 16,761 shares during the period. Vanguard Group Inc. raised its stake in Bowman Consulting Group by 28.0% during the 1st quarter. Vanguard Group Inc. now owns 662,733 shares of the company’s stock valued at $23,056,000 after buying an additional 144,978 shares during the last quarter. Summit Creek Advisors LLC lifted its holdings in shares of Bowman Consulting Group by 19.0% during the 1st quarter. Summit Creek Advisors LLC now owns 300,253 shares of the company’s stock valued at $10,446,000 after buying an additional 47,844 shares during the period. Finally, Quadrature Capital Ltd purchased a new position in shares of Bowman Consulting Group in the 1st quarter worth $620,000. Hedge funds and other institutional investors own 63.20% of the company’s stock.

Bowman Consulting Group Trading Up 6.3 %

Shares of NASDAQ:BWMN opened at $21.58 on Monday. The stock has a 50 day moving average of $22.75 and a 200 day moving average of $28.10. The company has a market cap of $392.76 million, a PE ratio of -28.77 and a beta of 1.12. Bowman Consulting Group Ltd. has a 12-month low of $19.92 and a 12-month high of $42.90. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.18.

Bowman Consulting Group (NASDAQ:BWMN) last posted its quarterly earnings results on Tuesday, August 6th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.10). Bowman Consulting Group had a positive return on equity of 4.40% and a negative net margin of 2.67%. The firm had revenue of $104.50 million during the quarter, compared to the consensus estimate of $113.01 million. As a group, equities research analysts expect that Bowman Consulting Group Ltd. will post -0.36 EPS for the current year.

Insider Activity

In related news, CEO Gary Bowman sold 4,002 shares of the stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $24.08, for a total transaction of $96,368.16. Following the completion of the sale, the chief executive officer now owns 919,500 shares in the company, valued at approximately $22,141,560. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Gary Bowman sold 4,002 shares of the company’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $24.08, for a total transaction of $96,368.16. Following the completion of the transaction, the chief executive officer now owns 919,500 shares in the company, valued at approximately $22,141,560. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert Alan Hickey sold 2,500 shares of Bowman Consulting Group stock in a transaction on Monday, August 19th. The shares were sold at an average price of $23.07, for a total transaction of $57,675.00. Following the completion of the sale, the insider now owns 198,332 shares in the company, valued at approximately $4,575,519.24. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,346 shares of company stock worth $219,037 over the last ninety days. Corporate insiders own 20.40% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Robert W. Baird reduced their price objective on Bowman Consulting Group from $37.00 to $29.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Roth Mkm reduced their price target on shares of Bowman Consulting Group from $47.00 to $43.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $40.10.

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.