Wasatch Advisors LP Sells 30,758 Shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN)

Wasatch Advisors LP decreased its position in Bowman Consulting Group Ltd. (NASDAQ:BWMN) by 11.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 243,503 shares of the company’s stock after selling 30,758 shares during the quarter. Wasatch Advisors LP owned 1.58% of Bowman Consulting Group worth $8,471,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Polen Capital Management LLC bought a new stake in Bowman Consulting Group in the fourth quarter valued at approximately $2,010,000. Millrace Asset Group Inc. lifted its position in Bowman Consulting Group by 58.0% in the fourth quarter. Millrace Asset Group Inc. now owns 53,444 shares of the company’s stock valued at $1,898,000 after purchasing an additional 19,617 shares during the last quarter. NBC Securities Inc. bought a new stake in Bowman Consulting Group in the fourth quarter valued at approximately $214,000. Finally, Kestra Advisory Services LLC bought a new stake in Bowman Consulting Group in the third quarter valued at approximately $208,000. Institutional investors own 63.20% of the company’s stock.

Insider Buying and Selling

In other Bowman Consulting Group news, CFO Bruce J. Labovitz sold 10,000 shares of Bowman Consulting Group stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $30.79, for a total transaction of $307,900.00. Following the completion of the sale, the chief financial officer now directly owns 283,288 shares of the company’s stock, valued at approximately $8,722,437.52. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Raymond Jr. Vicks sold 1,230 shares of the business’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $30.95, for a total value of $38,068.50. Following the completion of the transaction, the director now directly owns 3,224 shares of the company’s stock, valued at approximately $99,782.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Bruce J. Labovitz sold 10,000 shares of the business’s stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $30.79, for a total value of $307,900.00. Following the completion of the transaction, the chief financial officer now directly owns 283,288 shares of the company’s stock, valued at $8,722,437.52. The disclosure for this sale can be found here. In the last three months, insiders sold 36,230 shares of company stock valued at $1,135,456. Insiders own 20.40% of the company’s stock.

Bowman Consulting Group Price Performance

Shares of NASDAQ:BWMN traded up $0.84 during trading on Tuesday, hitting $31.59. 59,477 shares of the company’s stock were exchanged, compared to its average volume of 93,214. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.21 and a quick ratio of 1.21. Bowman Consulting Group Ltd. has a 52-week low of $25.52 and a 52-week high of $42.90. The business’s 50-day simple moving average is $31.62 and its 200 day simple moving average is $33.15. The company has a market cap of $558.20 million, a price-to-earnings ratio of -47.15 and a beta of 1.15.

Bowman Consulting Group (NASDAQ:BWMN) last announced its earnings results on Monday, May 6th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.18. The firm had revenue of $94.91 million during the quarter, compared to analysts’ expectations of $93.51 million. Bowman Consulting Group had a positive return on equity of 5.63% and a negative net margin of 2.43%. As a group, equities analysts predict that Bowman Consulting Group Ltd. will post 0.09 EPS for the current year.

Analyst Ratings Changes

BWMN has been the subject of a number of recent analyst reports. Bank of America began coverage on Bowman Consulting Group in a report on Friday, May 24th. They set a “buy” rating and a $36.50 target price for the company. Robert W. Baird began coverage on Bowman Consulting Group in a research note on Monday, June 3rd. They issued an “outperform” rating and a $37.00 price target on the stock. DA Davidson upped their price target on Bowman Consulting Group from $36.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. Baird R W raised Bowman Consulting Group to a “strong-buy” rating in a research note on Monday, June 3rd. Finally, B. Riley reaffirmed a “buy” rating and issued a $47.00 price target (up from $44.00) on shares of Bowman Consulting Group in a research note on Wednesday, March 13th. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $42.50.

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.