Polar Asset Management Partners Inc. Invests $7.21 Million in Bowman Consulting Group Ltd. $BWMN

Polar Asset Management Partners Inc. purchased a new stake in shares of Bowman Consulting Group Ltd. (NASDAQ:BWMNFree Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 246,917 shares of the company’s stock, valued at approximately $7,210,000. Polar Asset Management Partners Inc. owned approximately 1.42% of Bowman Consulting Group at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. New York State Teachers Retirement System purchased a new stake in shares of Bowman Consulting Group during the 4th quarter valued at about $42,000. Legal & General Group Plc purchased a new position in shares of Bowman Consulting Group during the second quarter valued at approximately $42,000. Tower Research Capital LLC TRC lifted its position in Bowman Consulting Group by 244.5% during the second quarter. Tower Research Capital LLC TRC now owns 2,301 shares of the company’s stock valued at $66,000 after purchasing an additional 1,633 shares during the period. Globeflex Capital L P bought a new position in Bowman Consulting Group during the second quarter valued at approximately $121,000. Finally, Fiduciary Financial Advisors purchased a new stake in Bowman Consulting Group in the second quarter worth approximately $153,000. 63.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Bowman Consulting Group

In other news, Director Patricia Mulroy sold 883 shares of the firm’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $42.37, for a total value of $37,412.71. Following the transaction, the director owned 26,330 shares of the company’s stock, valued at $1,115,602.10. This trade represents a 3.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 17.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Texas Capital lowered shares of Bowman Consulting Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 11th. Capital One Financial set a $43.00 price target on Bowman Consulting Group in a research note on Tuesday, August 11th. Weiss Ratings raised Bowman Consulting Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, August 11th. Robert W. Baird set a $43.00 target price on Bowman Consulting Group in a report on Monday, August 10th. Finally, Wolfe Research set a $43.00 target price on Bowman Consulting Group in a research report on Tuesday, August 11th. Seven analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Bowman Consulting Group presently has a consensus rating of “Reduce” and an average target price of $44.71.

View Our Latest Stock Analysis on BWMN

Bowman Consulting Group Stock Performance

Shares of BWMN stock opened at $42.53 on Wednesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.90 and a quick ratio of 0.90. The company has a market cap of $737.47 million, a price-to-earnings ratio of 106.33 and a beta of 1.36. Bowman Consulting Group Ltd. has a 1 year low of $25.07 and a 1 year high of $45.83. The firm has a fifty day moving average price of $31.31 and a 200-day moving average price of $31.42.

Bowman Consulting Group (NASDAQ:BWMNGet Free Report) last announced its earnings results on Monday, August 10th. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.15. Bowman Consulting Group had a return on equity of 2.67% and a net margin of 1.30%.The company had revenue of $146.13 million for the quarter, compared to analysts’ expectations of $129.35 million. As a group, equities analysts predict that Bowman Consulting Group Ltd. will post 0.75 earnings per share for the current year.

Bowman Consulting Group Company Profile

(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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