Bowman Consulting Group Ltd. (NASDAQ:BWMN) Director Sells $10,984.00 in Stock

Bowman Consulting Group Ltd. (NASDAQ:BWMN) Director Patricia Mulroy sold 400 shares of the business’s stock in a transaction on Friday, June 13th. The stock was sold at an average price of $27.46, for a total value of $10,984.00. Following the completion of the sale, the director now directly owns 23,536 shares in the company, valued at $646,298.56. This trade represents a 1.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Bowman Consulting Group Trading Down 1.2%

BWMN traded down $0.32 during trading on Monday, reaching $27.34. The company had a trading volume of 82,500 shares, compared to its average volume of 93,646. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.16. The business has a 50 day simple moving average of $24.20 and a 200-day simple moving average of $24.07. The stock has a market cap of $471.15 million, a P/E ratio of -34.61 and a beta of 1.26. Bowman Consulting Group Ltd. has a 52 week low of $17.90 and a 52 week high of $36.65.

Bowman Consulting Group (NASDAQ:BWMN) last released its earnings results on Tuesday, May 6th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.21). Bowman Consulting Group had a positive return on equity of 3.76% and a negative net margin of 2.62%.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Bank of America dropped their price target on shares of Bowman Consulting Group from $36.50 to $30.50 and set a “buy” rating on the stock in a research note on Wednesday, March 12th. Wall Street Zen upgraded shares of Bowman Consulting Group from a “hold” rating to a “buy” rating in a report on Saturday. B. Riley upgraded shares of Bowman Consulting Group to a “strong-buy” rating in a research report on Tuesday, March 18th. Finally, Robert W. Baird raised their price objective on Bowman Consulting Group from $28.00 to $29.00 and gave the stock an “outperform” rating in a research note on Thursday, May 8th. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $34.17.

Institutional Trading of Bowman Consulting Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets bought a new stake in shares of Bowman Consulting Group in the fourth quarter valued at about $42,000. Brooklyn Investment Group purchased a new position in Bowman Consulting Group during the 1st quarter valued at about $45,000. GAMMA Investing LLC raised its holdings in shares of Bowman Consulting Group by 1,856.3% in the 1st quarter. GAMMA Investing LLC now owns 4,519 shares of the company’s stock valued at $99,000 after purchasing an additional 4,288 shares in the last quarter. NBC Securities Inc. lifted its position in shares of Bowman Consulting Group by 100,080.0% in the 1st quarter. NBC Securities Inc. now owns 5,009 shares of the company’s stock worth $109,000 after purchasing an additional 5,004 shares during the period. Finally, Wells Fargo & Company MN boosted its stake in shares of Bowman Consulting Group by 55.0% during the fourth quarter. Wells Fargo & Company MN now owns 6,524 shares of the company’s stock valued at $163,000 after purchasing an additional 2,316 shares in the last quarter. Hedge funds and other institutional investors 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.