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

Bowman Consulting Group Ltd. (NASDAQ:BWMN - Get Free Report) was the recipient of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 299,600 shares, a growth of 34.5% from the March 15th total of 222,700 shares. Based on an average daily volume of 89,000 shares, the short-interest ratio is currently 3.4 days. Approximately 2.4% of the company's shares are short sold.

Insider Buying and Selling

In related news, insider Robert Alan Hickey sold 8,000 shares of the business's stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $38.94, for a total value of $311,520.00. Following the completion of the transaction, the insider now owns 214,403 shares in the company, valued at approximately $8,348,852.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Bowman Consulting Group news, CEO Gary Bowman sold 5,000 shares of the company's stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $31.08, for a total transaction of $155,400.00. Following the completion of the sale, the chief executive officer now owns 975,906 shares in the company, valued at approximately $30,331,158.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert Alan Hickey sold 8,000 shares of the company's stock in a transaction on Monday, March 18th. The shares were sold at an average price of $38.94, for a total transaction of $311,520.00. Following the sale, the insider now owns 214,403 shares of the company's stock, valued at approximately $8,348,852.82. The disclosure for this sale can be found here. Insiders sold 180,719 shares of company stock worth $6,273,854 in the last quarter. Insiders own 26.90% of the company's stock.

Hedge Funds Weigh In On Bowman Consulting Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FMR LLC boosted its stake in Bowman Consulting Group by 33.7% in the 3rd quarter. FMR LLC now owns 1,761,350 shares of the company's stock worth $49,371,000 after purchasing an additional 444,299 shares during the period. Wasatch Advisors Inc. boosted its stake in Bowman Consulting Group by 0.7% in the 1st quarter. Wasatch Advisors Inc. now owns 709,093 shares of the company's stock worth $11,657,000 after purchasing an additional 4,895 shares during the period. BlackRock Inc. boosted its stake in Bowman Consulting Group by 1,377.9% in the 2nd quarter. BlackRock Inc. now owns 610,619 shares of the company's stock worth $19,467,000 after purchasing an additional 569,302 shares during the period. Vanguard Group Inc. boosted its stake in Bowman Consulting Group by 5.6% in the 4th quarter. Vanguard Group Inc. now owns 517,755 shares of the company's stock worth $18,391,000 after purchasing an additional 27,301 shares during the period. Finally, Summit Creek Advisors LLC boosted its stake in Bowman Consulting Group by 41.0% in the 3rd quarter. Summit Creek Advisors LLC now owns 264,906 shares of the company's stock worth $7,425,000 after purchasing an additional 76,995 shares during the period. 63.20% of the stock is owned by institutional investors and hedge funds.

Bowman Consulting Group Trading Down 1.7 %

Shares of BWMN stock traded down $0.53 on Friday, hitting $31.21. The stock had a trading volume of 113,828 shares, compared to its average volume of 88,226. Bowman Consulting Group has a twelve month low of $25.52 and a twelve month high of $42.90. The firm has a market cap of $478.76 million, a P/E ratio of -60.02 and a beta of 1.19. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.17. The company has a fifty day moving average price of $35.35 and a two-hundred day moving average price of $32.08.

Bowman Consulting Group (NASDAQ:BWMN - Get Free Report) last announced its quarterly earnings results on Monday, March 11th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.38. The company had revenue of $92.97 million during the quarter, compared to analyst estimates of $88.68 million. Bowman Consulting Group had a negative net margin of 1.96% and a positive return on equity of 5.14%. As a group, analysts forecast that Bowman Consulting Group will post 0.68 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Roth Mkm reiterated a "buy" rating and set a $49.00 target price on shares of Bowman Consulting Group in a research report on Monday. B. Riley reiterated a "buy" rating and set a $47.00 target price (up previously from $44.00) on shares of Bowman Consulting Group in a research report on Wednesday, March 13th. DA Davidson boosted their price target on shares of Bowman Consulting Group from $36.00 to $45.00 and gave the company a "buy" rating in a report on Wednesday, March 13th. Finally, TheStreet raised shares of Bowman Consulting Group from a "c" rating to a "b-" rating in a report on Wednesday, February 14th. Four investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $47.00.

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.