Bowman Consulting Group Ltd. (NASDAQ:BWMN) Sees Significant Decrease in Short Interest

Bowman Consulting Group Ltd. (NASDAQ:BWMN) was the recipient of a large decline in short interest in October. As of October 15th, there was short interest totalling 514,200 shares, a decline of 5.6% from the September 30th total of 544,600 shares. Based on an average daily volume of 110,300 shares, the short-interest ratio is currently 4.7 days. Currently, 3.5% of the shares of the stock are short sold.

Analysts Set New Price Targets

BWMN has been the subject of a number of research reports. Robert W. Baird cut their price objective on shares of Bowman Consulting Group from $37.00 to $29.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Roth Mkm reduced their price objective on Bowman Consulting Group from $47.00 to $43.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $40.10.

Insider Activity

In related news, insider Robert Alan Hickey sold 1,444 shares of Bowman Consulting Group stock in a transaction on Friday, October 18th. The stock was sold at an average price of $22.09, for a total transaction of $31,897.96. Following the completion of the sale, the insider now owns 196,888 shares of the company’s stock, valued at approximately $4,349,255.92. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Bowman Consulting Group news, insider Robert Alan Hickey sold 1,444 shares of the business’s stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $22.09, for a total value of $31,897.96. Following the completion of the transaction, the insider now owns 196,888 shares of the company’s stock, valued at $4,349,255.92. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Gary Bowman sold 4,002 shares of the firm’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 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 position. The disclosure for this sale can be found here. Insiders sold 14,346 shares of company stock worth $375,487 in the last three months. Corporate insiders own 20.40% of the company’s stock.

Institutional Trading of Bowman Consulting Group

Several institutional investors and hedge funds have recently bought and sold shares of BWMN. Quadrature Capital Ltd purchased a new position in shares of Bowman Consulting Group in the 1st quarter valued at approximately $620,000. Russell Investments Group Ltd. lifted its position in Bowman Consulting Group by 33.8% during the first quarter. Russell Investments Group Ltd. now owns 66,348 shares of the company’s stock valued at $2,308,000 after buying an additional 16,761 shares during the period. Vanguard Group Inc. boosted its holdings in shares of 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 in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Bowman Consulting Group by 46.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 76,581 shares of the company’s stock worth $2,434,000 after buying an additional 24,244 shares during the period. Finally, Emerald Mutual Fund Advisers Trust increased its stake in shares of Bowman Consulting Group by 87.4% in the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 187,410 shares of the company’s stock worth $5,958,000 after acquiring an additional 87,410 shares in the last quarter. 63.20% of the stock is currently owned by hedge funds and other institutional investors.

Bowman Consulting Group Trading Down 3.7 %

Shares of BWMN stock traded down $0.78 during trading hours on Thursday, reaching $20.25. The company’s stock had a trading volume of 34,815 shares, compared to its average volume of 95,424. 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 has a one year low of $19.92 and a one year high of $42.90. The stock has a market capitalization of $368.65 million, a P/E ratio of -28.04 and a beta of 1.09. The firm’s fifty day simple moving average is $22.90 and its 200 day simple moving average is $28.25.

Bowman Consulting Group (NASDAQ:BWMN) last issued its quarterly earnings data on Tuesday, August 6th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate 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 company had revenue of $104.50 million during the quarter, compared to the consensus estimate of $113.01 million. Equities research analysts expect that Bowman Consulting Group will post -0.36 EPS for the current year.

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.