Short Interest in Bowman Consulting Group Ltd. (NASDAQ:BWMN) Declines By 5.6%

Bowman Consulting Group Ltd. (NASDAQ:BWMN) saw a large decline in short interest during the month of October. As of October 15th, there was short interest totalling 514,200 shares, a decline of 5.6% from the September 30th total of 544,600 shares. Currently, 3.5% of the shares of the stock are short sold. Based on an average daily volume of 110,300 shares, the days-to-cover ratio is currently 4.7 days.

Insider Activity at Bowman Consulting Group

In other news, CEO Gary Bowman sold 4,002 shares of the company’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $24.08, for a total transaction of $96,368.16. Following the completion of the transaction, the chief executive officer now directly owns 919,500 shares in the company, valued at approximately $22,141,560. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Gary Bowman sold 4,002 shares of Bowman Consulting Group stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $24.08, for a total transaction of $96,368.16. Following the sale, the chief executive officer now directly owns 919,500 shares in the company, valued at $22,141,560. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Michael Bruen sold 5,000 shares of the stock in a transaction on Monday, August 5th. The shares were sold at an average price of $31.29, for a total value of $156,450.00. Following the completion of the sale, the president now owns 375,739 shares of the company’s stock, valued at $11,756,873.31. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,346 shares of company stock valued at $375,487. 20.40% of the stock is owned by insiders.

Institutional Trading of Bowman Consulting Group

Institutional investors and hedge funds have recently bought and sold shares of the company. Pembroke Management LTD boosted its stake in Bowman Consulting Group by 10.0% during the third quarter. Pembroke Management LTD now owns 711,648 shares of the company’s stock valued at $17,136,000 after buying an additional 64,617 shares during the period. Conestoga Capital Advisors LLC lifted its holdings in shares of Bowman Consulting Group by 21.3% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 46,970 shares of the company’s stock worth $1,131,000 after acquiring an additional 8,245 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in Bowman Consulting Group during the second quarter valued at about $404,000. Point72 Asset Management L.P. purchased a new position in shares of Bowman Consulting Group in the 2nd quarter worth about $96,000. Finally, Dimensional Fund Advisors LP increased its position in shares of Bowman Consulting Group by 46.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 76,581 shares of the company’s stock valued at $2,434,000 after purchasing an additional 24,244 shares during the last quarter. 63.20% of the stock is currently owned by hedge funds and other institutional investors.

Bowman Consulting Group Stock Performance

NASDAQ BWMN opened at $20.30 on Friday. The company has a 50-day simple moving average of $22.81 and a 200 day simple moving average of $28.19. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.26 and a current ratio of 1.26. Bowman Consulting Group has a 52-week low of $19.92 and a 52-week high of $42.90. The company has a market capitalization of $369.46 million, a PE ratio of -27.07 and a beta of 1.09.

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

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Roth Mkm lowered their price objective on shares of Bowman Consulting Group from $47.00 to $43.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Robert W. Baird cut their target price on Bowman Consulting Group from $37.00 to $29.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $40.10.

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.