Short Interest in Bowman Consulting Group Ltd. (NASDAQ:BWMN) Grows By 8.6%

Bowman Consulting Group Ltd. (NASDAQ:BWMN) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 512,100 shares, an increase of 8.6% from the August 15th total of 471,500 shares. Currently, 3.5% of the shares of the company are short sold. Based on an average daily volume of 109,300 shares, the short-interest ratio is presently 4.7 days.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Robert W. Baird reduced their price objective on shares of Bowman Consulting Group from $37.00 to $29.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Bank of America initiated coverage on Bowman Consulting Group in a research report on Friday, May 24th. They set a “buy” rating and a $36.50 price objective for the company. Baird R W raised shares of Bowman Consulting Group to a “strong-buy” rating in a research note on Monday, June 3rd. Finally, Roth Mkm dropped their price target on Bowman Consulting Group from $47.00 to $43.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $40.10.

Bowman Consulting Group Trading Down 0.5 %

Shares of NASDAQ:BWMN traded down $0.12 during mid-day trading on Tuesday, reaching $23.98. 117,690 shares of the company’s stock were exchanged, compared to its average volume of 97,429. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.26 and a current ratio of 1.26. Bowman Consulting Group has a twelve month low of $21.02 and a twelve month high of $42.90. The firm has a market capitalization of $423.65 million, a price-to-earnings ratio of -35.97 and a beta of 1.09. The business’s fifty day moving average price is $27.95 and its 200-day moving average price is $31.19.

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

Insider Transactions at Bowman Consulting Group

In related news, insider Robert Alan Hickey sold 2,500 shares of the business’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $23.07, for a total value of $57,675.00. Following the completion of the sale, the insider now directly owns 198,332 shares in the company, valued at approximately $4,575,519.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Robert Alan Hickey sold 2,500 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now directly owns 198,332 shares of the company’s stock, valued at $4,575,519.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gary Bowman sold 6,250 shares of the business’s stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $31.31, for a total value of $195,687.50. Following the completion of the sale, the chief executive officer now owns 937,252 shares of the company’s stock, valued at $29,345,360.12. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 28,200 shares of company stock worth $890,856. Company insiders own 20.40% of the company’s stock.

Institutional Trading of Bowman Consulting Group

A number of large investors have recently bought and sold shares of the business. Point72 Asset Management L.P. bought a new stake in shares of Bowman Consulting Group during the 2nd quarter valued at about $96,000. Norden Group LLC bought a new stake in shares of Bowman Consulting Group in the 1st quarter valued at $207,000. Virtu Financial LLC acquired a new position in shares of Bowman Consulting Group during the 1st quarter valued at $226,000. Comerica Bank boosted its stake in Bowman Consulting Group by 18.2% during the first quarter. Comerica Bank now owns 7,745 shares of the company’s stock worth $269,000 after acquiring an additional 1,190 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in Bowman Consulting Group by 4.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 8,425 shares of the company’s stock worth $294,000 after purchasing an additional 393 shares during the period. 63.20% of the stock is currently owned by institutional investors and hedge funds.

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.