Bowman Consulting Group Ltd. (NASDAQ:BWMN) Shares Sold by Emerald Mutual Fund Advisers Trust

Emerald Mutual Fund Advisers Trust reduced its stake in shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN - Free Report) by 57.7% during the 4th quarter, according to the company in its most recent 13F filing 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 0.16% of Bowman Consulting Group worth $720,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in shares of Bowman Consulting Group by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 800,748 shares of the company's stock valued at $19,979,000 after acquiring an additional 13,198 shares in the last quarter. Summit Creek Advisors LLC boosted its holdings in Bowman Consulting Group by 14.3% in the fourth quarter. Summit Creek Advisors LLC now owns 373,443 shares of the company's stock valued at $9,317,000 after purchasing an additional 46,816 shares during the last quarter. Geode Capital Management LLC grew its stake in Bowman Consulting Group by 9.0% during the 3rd quarter. Geode Capital Management LLC now owns 326,306 shares of the company's stock valued at $7,859,000 after purchasing an additional 27,056 shares in the last quarter. Pacific Ridge Capital Partners LLC increased its holdings in Bowman Consulting Group by 7.4% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 274,711 shares of the company's stock worth $6,854,000 after purchasing an additional 18,902 shares during the last quarter. Finally, Swedbank AB acquired a new position in shares of Bowman Consulting Group in the 4th quarter valued at approximately $4,990,000. 63.20% of the stock is owned by institutional investors and hedge funds.

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 on Tuesday, February 18th. The stock was sold at an average price of $22.46, for a total transaction of $56,150.00. Following the completion of the transaction, the insider now directly owns 188,177 shares in the company, valued at $4,226,455.42. This represents a 1.31 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 20.40% of the company's stock.

Analyst Upgrades and Downgrades

BWMN has been the subject of a number of recent analyst reports. Bank of America decreased 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 research report on Wednesday, March 12th. B. Riley raised shares of Bowman Consulting Group to a "strong-buy" rating in a report on Tuesday, March 18th. Finally, Robert W. Baird cut their target price on shares of Bowman Consulting Group from $29.00 to $28.00 and set an "outperform" rating on the stock in a research note on Thursday, March 13th. Three equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $33.83.

Bowman Consulting Group Stock Performance

BWMN traded up $0.63 during trading hours on Friday, hitting $22.64. 109,686 shares of the stock were exchanged, compared to its average volume of 94,372. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.43 and a quick ratio of 1.43. Bowman Consulting Group Ltd. has a 12 month low of $17.90 and a 12 month high of $36.65. The stock has a 50-day simple moving average of $21.91 and a 200-day simple moving average of $23.64. The stock has a market cap of $391.22 million, a price-to-earnings ratio of -28.66 and a beta of 1.24.

Bowman Consulting Group (NASDAQ:BWMN - Get Free Report) last posted 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). The business had revenue of $113.22 million during the quarter, compared to analyst estimates of $110.00 million. Bowman Consulting Group had a negative net margin of 2.62% and a positive return on equity of 3.76%.

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.