Bowman Consulting Group (NASDAQ:BWMN) COO Sells $55,795.50 in Stock

Bowman Consulting Group Ltd. (NASDAQ:BWMN) COO Daniel Swayze sold 1,350 shares of the company’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $41.33, for a total value of $55,795.50. Following the sale, the chief operating officer directly owned 10,954 shares in the company, valued at $452,728.82. This represents a 10.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Bowman Consulting Group Stock Performance

NASDAQ:BWMN opened at $40.66 on Wednesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.26 and a quick ratio of 1.26. Bowman Consulting Group Ltd. has a 12 month low of $17.90 and a 12 month high of $43.21. The firm has a market capitalization of $701.39 million, a PE ratio of 67.77 and a beta of 1.33. The business’s fifty day moving average price is $36.19 and its 200 day moving average price is $28.12.

Bowman Consulting Group declared that its board has initiated a stock repurchase plan on Friday, June 6th that authorizes the company to repurchase $25.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 5.4% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Wall Street Zen upgraded shares of Bowman Consulting Group from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 9th. Zacks Research upgraded shares of Bowman Consulting Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 15th. Finally, B. Riley increased their target price on shares of Bowman Consulting Group from $43.00 to $55.00 and gave the company a “buy” rating in a report on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $38.17.

Hedge Funds Weigh In On Bowman Consulting Group

A number of hedge funds have recently made changes to their positions in the stock. Pembroke Management LTD boosted its holdings in shares of Bowman Consulting Group by 12.8% in the 1st quarter. Pembroke Management LTD now owns 520,519 shares of the company’s stock valued at $11,363,000 after purchasing an additional 59,197 shares during the last quarter. Polar Asset Management Partners Inc. increased its position in shares of Bowman Consulting Group by 3.6% in the 1st quarter. Polar Asset Management Partners Inc. now owns 451,029 shares of the company’s stock worth $9,846,000 after purchasing an additional 15,481 shares during the last quarter. Swedbank AB increased its position in shares of Bowman Consulting Group by 108.2% in the 2nd quarter. Swedbank AB now owns 416,492 shares of the company’s stock worth $11,974,000 after purchasing an additional 216,492 shares during the last quarter. Summit Creek Advisors LLC increased its position in shares of Bowman Consulting Group by 9.3% in the 1st quarter. Summit Creek Advisors LLC now owns 408,042 shares of the company’s stock worth $8,908,000 after purchasing an additional 34,599 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Bowman Consulting Group by 2.7% in the 2nd quarter. Geode Capital Management LLC now owns 343,015 shares of the company’s stock worth $9,864,000 after purchasing an additional 9,073 shares during the last quarter. Institutional investors and hedge funds own 63.20% 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.