Bowman Consulting Group Ltd. (NASDAQ:BWMN – Get Rating) saw a significant decline in short interest in the month of January. As of January 15th, there was short interest totalling 2,100 shares, a decline of 59.6% from the December 31st total of 5,200 shares. Based on an average daily volume of 28,400 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company's shares are short sold.
Wall Street Analysts Forecast Growth
Separately, DA Davidson boosted their target price on Bowman Consulting Group to $28.00 in a research note on Wednesday, November 16th.
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Bowman Consulting Group Stock Up 2.8 %
NASDAQ BWMN traded up $0.67 on Thursday, reaching $24.90. The stock had a trading volume of 57,077 shares, compared to its average volume of 45,322. The business has a 50 day moving average price of $20.58 and a 200 day moving average price of $16.93. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.22. Bowman Consulting Group has a 1 year low of $10.76 and a 1 year high of $25.24. The company has a market capitalization of $331.22 million, a price-to-earnings ratio of 89.74 and a beta of 1.00.
Bowman Consulting Group (NASDAQ:BWMN – Get Rating) last released its quarterly earnings results on Thursday, November 10th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.12. The company had revenue of $71.25 million during the quarter, compared to the consensus estimate of $64.44 million. Bowman Consulting Group had a return on equity of 4.10% and a net
margin of 1.50%. On average, analysts forecast that Bowman Consulting Group will post 0.56 EPS for the current fiscal year.
Insider Transactions at Bowman Consulting Group
In other news, CEO Gary Bowman sold 3,802 shares of the business's stock in a transaction on Thursday, December 1st. The stock was sold at an average price of $18.90, for a total transaction of $71,857.80. Following the sale, the chief executive officer now directly owns 1,143,372 shares of the company's stock, valued at $21,609,730.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, COO Michael Bruen sold 2,500 shares of Bowman Consulting Group stock in a transaction on Thursday, January 12th. The stock was sold at an average price of $21.45, for a total transaction of $53,625.00. Following the transaction, the chief operating officer now owns 498,783 shares in the company, valued at $10,698,895.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gary Bowman sold 3,802 shares of Bowman Consulting Group stock in a transaction on Thursday, December 1st. The shares were sold at an average price of $18.90, for a total value of $71,857.80. Following the transaction, the chief executive officer now owns 1,143,372 shares in the company, valued at approximately $21,609,730.80. The disclosure for this sale can be found here. Insiders have sold 24,203 shares of company stock valued at $483,313 over the last three months. Company insiders own 30.70% of the company's stock.
Institutional Trading of Bowman Consulting Group
Several large investors have recently made changes to their positions in the stock. Venture Visionary Partners LLC bought a new stake in shares of Bowman Consulting Group during the 2nd quarter worth about $25,000. Essex Investment Management Co. LLC bought a new stake in shares of Bowman Consulting Group during the 2nd quarter worth about $26,000. Boston Partners boosted its stake in shares of Bowman Consulting Group by 15.5% during the 3rd quarter. Boston Partners now owns 28,103 shares of the company's stock worth $410,000 after acquiring an additional 3,774 shares in the last quarter. Polar Asset Management Partners Inc. boosted its stake in shares of Bowman Consulting Group by 0.3% during the 3rd quarter. Polar Asset Management Partners Inc. now owns 1,318,274 shares of the company's stock worth $19,247,000 after acquiring an additional 3,811 shares in the last quarter. Finally, State Street Corp lifted its position in shares of Bowman Consulting Group by 41.0% during the 2nd quarter. State Street Corp now owns 14,709 shares of the company's stock worth $182,000 after purchasing an additional 4,278 shares during the last quarter. Institutional investors own 38.97% of the company's stock.
About Bowman Consulting Group
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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.
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