Bowman Consulting Group Ltd. (NASDAQ:BWMN) Shares Acquired by Summit Creek Advisors LLC

Summit Creek Advisors LLC lifted its stake in shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN) by 15.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 345,704 shares of the company’s stock after buying an additional 45,451 shares during the quarter. Summit Creek Advisors LLC owned 1.96% of Bowman Consulting Group worth $10,990,000 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. NBC Securities Inc. purchased a new stake in shares of Bowman Consulting Group during the fourth quarter valued at approximately $214,000. Millrace Asset Group Inc. increased its stake in Bowman Consulting Group by 58.0% during the 4th quarter. Millrace Asset Group Inc. now owns 53,444 shares of the company’s stock worth $1,898,000 after buying an additional 19,617 shares during the period. Polen Capital Management LLC acquired a new position in Bowman Consulting Group in the 4th quarter worth $2,010,000. Norden Group LLC purchased a new position in Bowman Consulting Group in the 1st quarter valued at about $207,000. Finally, Conestoga Capital Advisors LLC acquired a new stake in shares of Bowman Consulting Group during the first quarter valued at about $1,028,000. 63.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on BWMN. Baird R W raised shares of Bowman Consulting Group to a “strong-buy” rating in a report on Monday, June 3rd. Roth Mkm cut their target price on shares of Bowman Consulting Group from $47.00 to $43.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Bank of America assumed coverage on Bowman Consulting Group in a report on Friday, May 24th. They issued a “buy” rating and a $36.50 price objective for the company. Finally, Robert W. Baird cut their price objective on Bowman Consulting Group from $37.00 to $29.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Five 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 stock presently has an average rating of “Buy” and an average price target of $40.10.

Bowman Consulting Group Stock Up 1.6 %

NASDAQ:BWMN opened at $23.04 on Friday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.18. The stock has a 50 day moving average of $29.14 and a 200-day moving average of $31.72. The firm has a market capitalization of $407.05 million, a PE ratio of -34.39 and a beta of 1.15. Bowman Consulting Group Ltd. has a 52 week low of $21.02 and a 52 week high of $42.90.

Bowman Consulting Group (NASDAQ:BWMN) last issued its quarterly earnings data on Tuesday, August 6th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.10). The company had revenue of $104.50 million for the quarter, compared to the consensus estimate of $113.01 million. Bowman Consulting Group had a positive return on equity of 4.40% and a negative net margin of 2.67%. Analysts predict that Bowman Consulting Group Ltd. will post -0.36 EPS for the current year.

Insider Transactions at Bowman Consulting Group

In related news, insider Robert Alan Hickey sold 2,500 shares of Bowman Consulting Group stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $23.07, for a total value of $57,675.00. Following the sale, the insider now directly owns 198,332 shares in the company, valued at approximately $4,575,519.24. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, COO Michael Bruen sold 5,000 shares of the stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $31.56, for a total value of $157,800.00. Following the completion of the transaction, the chief operating officer now owns 385,739 shares of the company’s stock, valued at $12,173,922.84. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Robert Alan Hickey sold 2,500 shares of the firm’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $23.07, for a total value of $57,675.00. Following the transaction, the insider now directly owns 198,332 shares in the company, valued at $4,575,519.24. The disclosure for this sale can be found here. Over the last quarter, insiders sold 28,200 shares of company stock worth $890,856. Insiders own 20.40% of the company’s stock.

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.