Mesirow Financial Investment Management Inc. Sells 2,398 Shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN)

Mesirow Financial Investment Management Inc. cut its holdings in Bowman Consulting Group Ltd. (NASDAQ:BWMN) by 23.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,886 shares of the company’s stock after selling 2,398 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in Bowman Consulting Group were worth $274,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. NBC Securities Inc. bought a new stake in Bowman Consulting Group in the fourth quarter worth $214,000. Kestra Advisory Services LLC bought a new stake in Bowman Consulting Group in the third quarter worth $208,000. Millrace Asset Group Inc. boosted its holdings in Bowman Consulting Group by 58.0% in the fourth quarter. Millrace Asset Group Inc. now owns 53,444 shares of the company’s stock worth $1,898,000 after purchasing an additional 19,617 shares in the last quarter. Finally, Polen Capital Management LLC bought a new stake in Bowman Consulting Group in the fourth quarter worth $2,010,000. 63.20% of the stock is currently owned by institutional investors.

Bowman Consulting Group Price Performance

Bowman Consulting Group stock traded up $0.58 during trading hours on Wednesday, hitting $32.17. 38,241 shares of the stock were exchanged, compared to its average volume of 92,781. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a market capitalization of $568.35 million, a P/E ratio of -47.15 and a beta of 1.15. Bowman Consulting Group Ltd. has a 12 month low of $25.52 and a 12 month high of $42.90. The business’s 50-day moving average is $31.62 and its two-hundred day moving average is $33.15.

Bowman Consulting Group (NASDAQ:BWMN) last issued its quarterly earnings data on Monday, May 6th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.18. The firm had revenue of $94.91 million for the quarter, compared to analysts’ expectations of $93.51 million. Bowman Consulting Group had a negative net margin of 2.43% and a positive return on equity of 5.63%. Equities research analysts expect that Bowman Consulting Group Ltd. will post 0.09 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on BWMN. Roth Mkm cut their target price on shares of Bowman Consulting Group from $49.00 to $47.00 and set a “buy” rating for the company in a research report on Wednesday, May 8th. B. Riley reissued a “buy” rating and set a $47.00 target price (up previously from $44.00) on shares of Bowman Consulting Group in a research report on Wednesday, March 13th. Baird R W raised shares of Bowman Consulting Group to a “strong-buy” rating in a research report on Monday, June 3rd. Bank of America began coverage on shares of Bowman Consulting Group in a research report on Friday, May 24th. They set a “buy” rating and a $36.50 target price for the company. Finally, DA Davidson boosted their target price on shares of Bowman Consulting Group from $36.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $42.50.

Insider Activity

In other Bowman Consulting Group news, Director Raymond Jr. Vicks sold 1,230 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $30.95, for a total value of $38,068.50. Following the transaction, the director now directly owns 3,224 shares of the company’s stock, valued at $99,782.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Bowman Consulting Group news, Director Raymond Jr. Vicks sold 1,230 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $30.95, for a total value of $38,068.50. Following the transaction, the director now directly owns 3,224 shares of the company’s stock, valued at $99,782.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Michael Bruen sold 5,000 shares of the stock in a transaction on Wednesday, April 10th. The stock was sold at an average price of $32.45, for a total transaction of $162,250.00. Following the completion of the sale, the chief operating officer now owns 409,310 shares in the company, valued at $13,282,109.50. The disclosure for this sale can be found here. Insiders have sold 36,230 shares of company stock valued at $1,135,456 over the last three months. 20.40% of the stock is owned by insiders.

Bowman Consulting Group Company Profile

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.