Bowman Consulting Group Ltd. (NASDAQ:BWMN) Short Interest Update

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

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Roth Mkm cut their price target on shares of 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. Bank of America initiated coverage on shares of Bowman Consulting Group in a research note on Friday, May 24th. They issued a “buy” rating and a $36.50 target price for the company. Robert W. Baird dropped their price target on 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. Finally, Baird R W raised Bowman Consulting Group to a “strong-buy” rating in a research report on Monday, June 3rd. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $40.10.

Insider Transactions at Bowman Consulting Group

In related news, insider Robert Alan Hickey sold 2,500 shares of the company’s stock in a transaction dated 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 owns 198,332 shares in the company, valued at $4,575,519.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, 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 value of $195,687.50. Following the completion of the transaction, the chief executive officer now owns 937,252 shares of the company’s stock, valued at approximately $29,345,360.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Robert Alan Hickey sold 2,500 shares of the firm’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 sale, the insider now directly owns 198,332 shares in the company, valued at approximately $4,575,519.24. The disclosure for this sale can be found here. Insiders have sold 28,200 shares of company stock worth $890,856 in the last three months. Insiders own 20.40% of the company’s stock.

Institutional Investors Weigh In On Bowman Consulting Group

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Bowman Consulting Group by 28.0% in the first 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 during the period. Pembroke Management LTD boosted its position in Bowman Consulting Group by 19.8% during the second quarter. Pembroke Management LTD now owns 647,031 shares of the company’s stock worth $20,569,000 after purchasing an additional 106,926 shares during the period. Emerald Mutual Fund Advisers Trust increased its holdings in shares of Bowman Consulting Group by 87.4% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 187,410 shares of the company’s stock valued at $5,958,000 after purchasing an additional 87,410 shares during the last quarter. Polen Capital Management LLC bought a new position in shares of Bowman Consulting Group in the fourth quarter valued at about $2,010,000. Finally, Ovata Capital Management Ltd lifted its stake in shares of Bowman Consulting Group by 189.9% during the 2nd quarter. Ovata Capital Management Ltd now owns 74,800 shares of the company’s stock worth $2,378,000 after buying an additional 49,000 shares during the last quarter. 63.20% of the stock is currently owned by institutional investors and hedge funds.

Bowman Consulting Group Stock Down 0.5 %

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

Bowman Consulting Group (NASDAQ:BWMN) last posted its quarterly earnings results on Tuesday, August 6th. The company reported ($0.08) earnings per share (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 firm had revenue of $104.50 million for the quarter, compared to the consensus estimate of $113.01 million. As a group, research analysts anticipate that Bowman Consulting Group will post -0.36 earnings per share for the current fiscal 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.