Bowman Consulting Group Ltd. (NASDAQ:BWMN) Shares Acquired by Summit Creek Advisors LLC

Summit Creek Advisors LLC boosted its position in Bowman Consulting Group Ltd. (NASDAQ:BWMN) by 15.1% in the second quarter, HoldingsChannel.com reports. The firm owned 345,704 shares of the company’s stock after purchasing an additional 45,451 shares during the quarter. Summit Creek Advisors LLC’s holdings in Bowman Consulting Group were worth $10,990,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quadrature Capital Ltd acquired a new stake in shares of Bowman Consulting Group in the first quarter valued at $620,000. Russell Investments Group Ltd. lifted its holdings 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 valued at $2,308,000 after acquiring an additional 16,761 shares during the last quarter. Vanguard Group Inc. boosted its position 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 purchasing an additional 144,978 shares in the last quarter. Polen Capital Management LLC acquired a new position in shares of Bowman Consulting Group in the 4th quarter worth approximately $2,010,000. Finally, Norden Group LLC bought a new stake in shares of Bowman Consulting Group in the 1st quarter worth approximately $207,000. 63.20% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Robert Alan Hickey sold 2,500 shares of the business’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 is accessible through the SEC website. In other Bowman Consulting Group news, insider Robert Alan Hickey sold 2,500 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were 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 owns 198,332 shares in the company, valued at approximately $4,575,519.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Gary Bowman sold 6,250 shares of the business’s stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $31.31, for a total transaction of $195,687.50. Following the transaction, the chief executive officer now owns 937,252 shares in the company, valued at $29,345,360.12. The disclosure for this sale can be found here. Insiders have sold 28,200 shares of company stock worth $890,856 in the last 90 days. Company insiders own 20.40% of the company’s stock.

Bowman Consulting Group Price Performance

Shares of NASDAQ:BWMN opened at $23.04 on Friday. The company’s fifty day moving average is $29.14 and its two-hundred day moving average is $31.72. The company has a market cap of $407.05 million, a P/E ratio of -34.39 and a beta of 1.15. Bowman Consulting Group Ltd. has a 12-month low of $21.02 and a 12-month high of $42.90. The company has a quick ratio of 1.26, a current 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 the consensus estimate 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 business had revenue of $104.50 million for the quarter, compared to analyst estimates of $113.01 million. Equities analysts expect that Bowman Consulting Group Ltd. will post -0.36 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

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.