Insider Selling: Bowman Consulting Group Ltd. (NASDAQ:BWMN) Insider Sells 1,444 Shares of Stock

Bowman Consulting Group Ltd. (NASDAQ:BWMN) insider Robert Alan Hickey sold 1,444 shares of the firm’s stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $22.09, for a total value of $31,897.96. Following the completion of the sale, the insider now directly owns 196,888 shares in the company, valued at approximately $4,349,255.92. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Robert Alan Hickey also recently made the following trade(s):

• On Monday, August 19th, Robert Alan Hickey sold 2,500 shares of Bowman Consulting Group stock. The stock was sold at an average price of $23.07, for a total transaction of $57,675.00.

Bowman Consulting Group Trading Down 1.2 %

Bowman Consulting Group stock traded down $0.26 during trading on Tuesday, reaching $21.09. 70,853 shares of the company were exchanged, compared to its average volume of 96,406. The stock’s 50 day simple moving average is $23.27 and its two-hundred day simple moving average is $28.79. The company has a market capitalization of $372.60 million, a P/E ratio of -31.48 and a beta of 1.09. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.26 and a quick ratio of 1.26. Bowman Consulting Group Ltd. has a 52-week low of $21.02 and a 52-week high of $42.90.

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

Analyst Ratings Changes

BWMN has been the subject of a number of research reports. Roth Mkm cut their target price on shares of 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. Robert W. Baird reduced their price objective on Bowman Consulting Group from $37.00 to $29.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. 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 has an average rating of “Buy” and an average price target of $40.10.

Hedge Funds Weigh In On Bowman Consulting Group

Institutional investors have recently bought and sold shares of the company. Cubist Systematic Strategies LLC purchased a new stake in shares of Bowman Consulting Group in the 2nd quarter valued at $404,000. Point72 Asset Management L.P. acquired a new stake in Bowman Consulting Group during the 2nd quarter worth approximately $96,000. Dimensional Fund Advisors LP grew its stake in shares of Bowman Consulting Group by 46.3% in the second quarter. Dimensional Fund Advisors LP now owns 76,581 shares of the company’s stock worth $2,434,000 after acquiring an additional 24,244 shares in the last quarter. Emerald Advisers LLC purchased a new stake in shares of Bowman Consulting Group during the second quarter worth $526,000. Finally, Emerald Mutual Fund Advisers Trust raised its stake 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 acquiring an additional 87,410 shares in the last quarter. 63.20% of the stock is owned by hedge funds and other institutional investors.

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.