Polen Capital Management LLC Sells 2,218 Shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN)

Polen Capital Management LLC cut its holdings in Bowman Consulting Group Ltd. (NASDAQ:BWMN) by 5.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 38,968 shares of the company’s stock after selling 2,218 shares during the period. Polen Capital Management LLC owned 0.22% of Bowman Consulting Group worth $972,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Bank of New York Mellon Corp raised its holdings in Bowman Consulting Group by 1.9% in the 4th quarter. Bank of New York Mellon Corp now owns 32,031 shares of the company’s stock worth $799,000 after purchasing an additional 586 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Bowman Consulting Group by 2.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 38,708 shares of the company’s stock worth $932,000 after buying an additional 913 shares during the period. Rhumbline Advisers lifted its position in shares of Bowman Consulting Group by 7.6% during the 4th quarter. Rhumbline Advisers now owns 17,984 shares of the company’s stock valued at $449,000 after buying an additional 1,277 shares in the last quarter. Quantbot Technologies LP grew its stake in shares of Bowman Consulting Group by 115.6% during 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. Finally, Janus Henderson Group PLC increased its holdings 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 worth $585,000 after acquiring an additional 2,370 shares in the last quarter. Hedge funds and other institutional investors own 63.20% of the company’s stock.

Insider Activity at Bowman Consulting Group

In related news, insider Robert Alan Hickey sold 2,500 shares of the company’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 sale, the insider now owns 188,177 shares of the company’s stock, valued at $4,226,455.42. This represents a 1.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 20.40% of the stock is owned by corporate insiders.

Bowman Consulting Group Trading Down 0.3 %

Bowman Consulting Group stock opened at $23.21 on Tuesday. Bowman Consulting Group Ltd. has a 1 year low of $17.90 and a 1 year high of $42.39. The firm’s 50 day moving average price is $23.18 and its 200-day moving average price is $23.86. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.43 and a quick ratio of 1.43. The stock has a market cap of $400.70 million, a P/E ratio of -29.38 and a beta of 1.32.

Bowman Consulting Group (NASDAQ:BWMN) last announced its quarterly earnings results on Tuesday, March 11th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.06). Bowman Consulting Group had a positive return on equity of 3.76% and a negative net margin of 2.62%. The company had revenue of $113.22 million during the quarter, compared to analysts’ expectations of $110.00 million.

Analyst Upgrades and Downgrades

BWMN has been the subject of a number of analyst reports. Robert W. Baird reduced their price objective on shares of Bowman Consulting Group from $29.00 to $28.00 and set an “outperform” rating for the company in a research note on Thursday, March 13th. Bank of America cut 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.

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.