Bowman Consulting Group Ltd. $BWMN Shares Acquired by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. increased its holdings in Bowman Consulting Group Ltd. (NASDAQ:BWMNFree Report) by 12.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 320,000 shares of the company’s stock after purchasing an additional 34,976 shares during the period. Polar Asset Management Partners Inc.’s holdings in Bowman Consulting Group were worth $9,101,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. New York State Teachers Retirement System purchased a new position in Bowman Consulting Group during the fourth quarter worth about $42,000. Tower Research Capital LLC TRC grew its holdings in Bowman Consulting Group by 244.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,301 shares of the company’s stock valued at $66,000 after buying an additional 1,633 shares during the period. State of Alaska Department of Revenue grew its holdings in Bowman Consulting Group by 169.6% in the 4th quarter. State of Alaska Department of Revenue now owns 2,599 shares of the company’s stock valued at $84,000 after buying an additional 1,635 shares during the period. NewEdge Advisors LLC increased its stake in shares of Bowman Consulting Group by 478,000.0% during the 3rd quarter. NewEdge Advisors LLC now owns 4,781 shares of the company’s stock valued at $203,000 after acquiring an additional 4,780 shares during the last quarter. Finally, Zacks Investment Management acquired a new position in shares of Bowman Consulting Group during the 3rd quarter valued at about $207,000. 63.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Raymond Jr. Vicks sold 1,230 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $33.34, for a total value of $41,008.20. Following the transaction, the director owned 18,143 shares in the company, valued at approximately $604,887.62. This trade represents a 6.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 17.50% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on BWMN shares. Wall Street Zen cut shares of Bowman Consulting Group from a “buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings raised shares of Bowman Consulting Group from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, July 8th. JPMorgan Chase & Co. increased their price target on shares of Bowman Consulting Group from $38.00 to $40.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Finally, Roth Capital set a $58.00 price target on shares of Bowman Consulting Group and gave the company a “buy” rating in a report on Thursday, May 7th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $47.50.

View Our Latest Report on Bowman Consulting Group

Bowman Consulting Group Stock Performance

Shares of NASDAQ:BWMN opened at $25.95 on Monday. The business has a 50-day moving average of $29.77 and a two-hundred day moving average of $31.41. The firm has a market capitalization of $454.38 million, a PE ratio of 43.25, a P/E/G ratio of 3.48 and a beta of 1.34. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.93 and a quick ratio of 0.93. Bowman Consulting Group Ltd. has a 12 month low of $25.07 and a 12 month high of $45.83.

Bowman Consulting Group (NASDAQ:BWMNGet Free Report) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.07). Bowman Consulting Group had a net margin of 2.02% and a return on equity of 3.98%. The firm had revenue of $126.48 million during the quarter, compared to analyst estimates of $114.49 million. As a group, research analysts forecast that Bowman Consulting Group Ltd. will post 0.77 earnings per share for the current year.

About Bowman Consulting Group

(Free Report)

Bowman Consulting Group Ltd. (NASDAQ: BWMN) is a multidisciplinary professional services firm that provides engineering, environmental, planning and surveying services to public and private sector clients. Its service offerings encompass civil, geotechnical and environmental engineering; land development planning and permitting; construction management; survey and geospatial services; and ecological and water resources consulting. The firm supports infrastructure, real estate, energy, utilities and telecommunications projects, delivering site characterization, design, permitting and construction-phase oversight.

Since its founding in 1980, Bowman Consulting Group has grown organically and through strategic acquisitions to expand its technical capabilities and geographic footprint.

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Institutional Ownership by Quarter for Bowman Consulting Group (NASDAQ:BWMN)

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