Emerald Mutual Fund Advisers Trust Sells 39,416 Shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN)

Emerald Mutual Fund Advisers Trust decreased its position in Bowman Consulting Group Ltd. (NASDAQ:BWMN - Free Report) by 57.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 28,842 shares of the company's stock after selling 39,416 shares during the quarter. Emerald Mutual Fund Advisers Trust owned approximately 0.16% of Bowman Consulting Group worth $720,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of BWMN. Bank of New York Mellon Corp raised its stake in Bowman Consulting Group by 1.9% during the 4th quarter. Bank of New York Mellon Corp now owns 32,031 shares of the company's stock worth $799,000 after acquiring an additional 586 shares during the period. Rhumbline Advisers lifted its stake in shares of Bowman Consulting Group by 7.6% during the 4th quarter. Rhumbline Advisers now owns 17,984 shares of the company's stock valued at $449,000 after buying an additional 1,277 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Bowman Consulting Group by 3.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 40,039 shares of the company's stock worth $999,000 after buying an additional 1,331 shares during the period. Wells Fargo & Company MN boosted its holdings in Bowman Consulting Group by 55.0% in the 4th quarter. Wells Fargo & Company MN now owns 6,524 shares of the company's stock worth $163,000 after buying an additional 2,316 shares during the period. Finally, Voya Investment Management LLC raised its holdings in Bowman Consulting Group by 31.2% during the fourth quarter. Voya Investment Management LLC now owns 12,810 shares of the company's stock valued at $320,000 after acquiring an additional 3,043 shares during the period. 63.20% of the stock is owned by hedge funds and other institutional investors.

Bowman Consulting Group Price Performance

BWMN stock traded down $0.11 during trading on Monday, hitting $22.53. 13,663 shares of the company's stock traded hands, compared to its average volume of 94,098. The business has a fifty day simple moving average of $21.91 and a 200 day simple moving average of $23.67. Bowman Consulting Group Ltd. has a 52 week low of $17.90 and a 52 week high of $36.65. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.43 and a current ratio of 1.43. The stock has a market capitalization of $389.32 million, a price-to-earnings ratio of -28.52 and a beta of 1.24.

Bowman Consulting Group (NASDAQ:BWMN - Get Free Report) last released its quarterly earnings results on Tuesday, March 11th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.06). Bowman Consulting Group had a positive return on equity of 3.76% and a negative net margin of 2.62%. The company had revenue of $113.22 million during the quarter, compared to analysts' expectations of $110.00 million.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Robert W. Baird dropped their price objective on Bowman Consulting Group from $29.00 to $28.00 and set an "outperform" rating for the company in a research note on Thursday, March 13th. Bank of America dropped their price target on Bowman Consulting Group from $36.50 to $30.50 and set a "buy" rating for the company in a research note on Wednesday, March 12th. Finally, B. Riley raised shares of Bowman Consulting Group to a "strong-buy" rating in a report on Tuesday, March 18th. Three equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $33.83.

Insider Transactions at Bowman Consulting Group

In other Bowman Consulting Group news, insider Robert Alan Hickey sold 2,500 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $22.46, for a total value of $56,150.00. Following the transaction, the insider now owns 188,177 shares of the company's stock, valued at $4,226,455.42. This represents a 1.31 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 20.40% of the company's stock.

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.