Polar Asset Management Partners Inc. trimmed its position in shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN - Free Report) by 9.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 435,548 shares of the company's stock after selling 47,299 shares during the period. Polar Asset Management Partners Inc. owned 2.48% of Bowman Consulting Group worth $10,867,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Bowman Consulting Group by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 800,748 shares of the company's stock worth $19,979,000 after buying an additional 13,198 shares during the last quarter. Summit Creek Advisors LLC raised its position in shares of Bowman Consulting Group by 14.3% during the fourth quarter. Summit Creek Advisors LLC now owns 373,443 shares of the company's stock worth $9,317,000 after purchasing an additional 46,816 shares during the period. Pacific Ridge Capital Partners LLC raised its position in Bowman Consulting Group by 7.4% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 274,711 shares of the company's stock valued at $6,854,000 after buying an additional 18,902 shares during the last quarter. Swedbank AB bought a new stake in Bowman Consulting Group during the fourth quarter worth $4,990,000. Finally, Dimensional Fund Advisors LP lifted its position in Bowman Consulting Group by 41.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 194,515 shares of the company's stock worth $4,853,000 after acquiring an additional 57,278 shares during the last quarter. 63.20% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
BWMN has been the topic of a number of research analyst reports. B. Riley raised shares of Bowman Consulting Group to a "strong-buy" rating in a research note on Tuesday, March 18th. Robert W. Baird upped their price objective on shares of Bowman Consulting Group from $28.00 to $29.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Finally, Bank of America cut their price target on shares of Bowman Consulting Group from $36.50 to $30.50 and set a "buy" rating for the company in a report on Wednesday, March 12th. Three investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $34.17.
Read Our Latest Research Report on BWMN
Insider Activity
In other news, insider Robert Alan Hickey sold 2,500 shares of Bowman Consulting Group stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $22.46, for a total value of $56,150.00. Following the completion of the transaction, the insider now directly owns 188,177 shares of the company's stock, valued at approximately $4,226,455.42. The trade was a 1.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 20.40% of the company's stock.
Bowman Consulting Group Stock Performance
Shares of NASDAQ:BWMN traded up $0.22 during midday trading on Monday, reaching $26.52. The company's stock had a trading volume of 69,836 shares, compared to its average volume of 93,709. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.16. Bowman Consulting Group Ltd. has a twelve month low of $17.90 and a twelve month high of $36.65. The stock has a fifty day moving average of $22.92 and a 200 day moving average of $23.94. The firm has a market capitalization of $457.02 million, a PE ratio of -33.57 and a beta of 1.24.
Bowman Consulting Group (NASDAQ:BWMN - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported ($0.11) earnings per share for the quarter, missing analysts' consensus estimates of $0.10 by ($0.21). Bowman Consulting Group had a positive return on equity of 3.76% and a negative net margin of 2.62%.
About Bowman Consulting Group
(
Free Report)
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.
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