Skylands Capital LLC increased its position in shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN – Free Report) by 140.1% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 42,900 shares of the company’s stock after purchasing an additional 25,035 shares during the period. Skylands Capital LLC’s holdings in Bowman Consulting Group were worth $1,829,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently made changes to their positions in BWMN. BlackRock Inc. bought a new stake in shares of Bowman Consulting Group in the second quarter valued at about $31,113,000. Dimensional Fund Advisors LP lifted its stake in Bowman Consulting Group by 13.1% in the first quarter. Dimensional Fund Advisors LP now owns 377,799 shares of the company’s stock worth $10,744,000 after acquiring an additional 43,624 shares during the period. Polar Asset Management Partners Inc. grew its holdings in Bowman Consulting Group by 12.3% during the 1st quarter. Polar Asset Management Partners Inc. now owns 320,000 shares of the company’s stock worth $9,101,000 after acquiring an additional 34,976 shares in the last quarter. Summit Creek Advisors LLC bought a new position in Bowman Consulting Group during the 2nd quarter worth about $6,431,000. Finally, Wellington Management Group LLP grew its holdings in Bowman Consulting Group by 215.2% during the 2nd quarter. Wellington Management Group LLP now owns 184,736 shares of the company’s stock worth $5,394,000 after acquiring an additional 126,136 shares in the last quarter. 63.20% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In related news, CEO Gary Bowman sold 22,500 shares of the stock in a transaction that occurred on Wednesday, September 23rd. The shares were sold at an average price of $42.55, for a total transaction of $957,375.00. Following the completion of the sale, the chief executive officer owned 1,272,838 shares of the company’s stock, valued at $54,159,256.90. This represents a 1.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Patricia Mulroy sold 883 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $42.37, for a total transaction of $37,412.71. Following the completion of the sale, the director owned 26,330 shares of the company’s stock, valued at approximately $1,115,602.10. This trade represents a 3.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 61,797 shares of company stock valued at $2,615,310 in the last three months. 17.50% of the stock is currently owned by corporate insiders.
Bowman Consulting Group Stock Performance
BWMN stock opened at $42.79 on Thursday. Bowman Consulting Group Ltd. has a one year low of $25.07 and a one year high of $45.83. The firm has a market cap of $709.97 million, a price-to-earnings ratio of 106.97 and a beta of 1.48. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a 50-day simple moving average of $42.58 and a two-hundred day simple moving average of $34.76.
Bowman Consulting Group (NASDAQ:BWMN – Get Free Report) last issued its quarterly earnings data on Monday, August 10th. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.15. Bowman Consulting Group had a net margin of 1.30% and a return on equity of 2.67%. The firm had revenue of $146.12 million for the quarter, compared to the consensus estimate of $129.35 million. On average, equities analysts forecast that Bowman Consulting Group Ltd. will post 0.75 EPS for the current fiscal year.
Analyst Ratings Changes
A number of research analysts have commented on BWMN shares. Roth Capital downgraded shares of Bowman Consulting Group from a “buy” rating to a “neutral” rating and set a $43.00 target price on the stock. in a research report on Wednesday, August 12th. Robert W. Baird set a $43.00 price target on shares of Bowman Consulting Group in a report on Monday, August 10th. Texas Capital cut shares of Bowman Consulting Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 11th. Capital One Financial set a $43.00 price objective on shares of Bowman Consulting Group in a research note on Tuesday, August 11th. Finally, B. Riley Financial lowered shares of Bowman Consulting Group from a “buy” rating to a “hold” rating in a report on Monday, August 10th. Seven investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Bowman Consulting Group has a consensus rating of “Reduce” and a consensus target price of $43.00.
Read Our Latest Stock Analysis on BWMN
About Bowman Consulting Group
Bowman Consulting Group Ltd. (NASDAQ: BWMN) is an engineering services firm that provides infrastructure, planning, surveying, and consulting solutions to public- and private-sector clients. The company supports projects throughout their development and construction life cycles, serving markets such as transportation, power and utilities, commercial and residential real estate, and public infrastructure.
Its services include civil engineering, land surveying, geomatics, environmental consulting, landscape architecture, construction management, right-of-way services, and utility engineering.
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