Bowman Consulting Group Ltd. (NASDAQ:BWMN) Short Interest Update

Bowman Consulting Group Ltd. (NASDAQ:BWMN) was the target of a significant drop in short interest in March. As of March 15th, there was short interest totalling 379,500 shares, a drop of 14.8% from the February 28th total of 445,600 shares. Approximately 2.7% of the shares of the stock are short sold. Based on an average trading volume of 89,500 shares, the days-to-cover ratio is presently 4.2 days.

Insider Activity

In related news, insider Robert Alan Hickey sold 2,500 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $22.46, for a total transaction of $56,150.00. Following the completion of the sale, the insider now owns 188,177 shares of the company’s stock, valued at approximately $4,226,455.42. This represents a 1.31 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 20.40% of the company’s stock.

Hedge Funds Weigh In On Bowman Consulting Group

Hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets purchased a new position in shares of Bowman Consulting Group during the fourth quarter worth $42,000. Quantbot Technologies LP lifted its stake in Bowman Consulting Group by 115.6% during the 3rd quarter. Quantbot Technologies LP now owns 3,893 shares of the company’s stock worth $94,000 after acquiring an additional 2,087 shares in the last quarter. SG Americas Securities LLC purchased a new position in Bowman Consulting Group during the 4th quarter valued at about $147,000. Wells Fargo & Company MN increased its stake in Bowman Consulting Group by 55.0% during the fourth quarter. Wells Fargo & Company MN now owns 6,524 shares of the company’s stock worth $163,000 after purchasing an additional 2,316 shares during the period. Finally, Comerica Bank increased its stake in Bowman Consulting Group by 12.8% during the fourth quarter. Comerica Bank now owns 10,781 shares of the company’s stock worth $269,000 after purchasing an additional 1,220 shares during the period. Hedge funds and other institutional investors own 63.20% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on BWMN. Bank of America cut their price target on Bowman Consulting Group from $36.50 to $30.50 and set a “buy” rating for the company in a report on Wednesday, March 12th. B. Riley raised Bowman Consulting Group to a “strong-buy” rating in a research note on Tuesday, March 18th. Finally, Robert W. Baird lowered their price target on shares of Bowman Consulting Group from $29.00 to $28.00 and set an “outperform” rating on the stock in a research report on Thursday, March 13th. Three analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $33.83.

Bowman Consulting Group Trading Up 0.1 %

BWMN opened at $21.93 on Thursday. The business’s 50 day moving average price is $22.75 and its 200 day moving average price is $23.87. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.43 and a current ratio of 1.43. The stock has a market capitalization of $378.60 million, a PE ratio of -27.76 and a beta of 1.32. Bowman Consulting Group has a one year low of $17.90 and a one year high of $36.65.

Bowman Consulting Group (NASDAQ:BWMN) last posted its earnings results on Tuesday, March 11th. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.06). The company had revenue of $113.22 million during the quarter, compared to analyst estimates of $110.00 million. Bowman Consulting Group had a negative net margin of 2.62% and a positive return on equity of 3.76%.

Bowman Consulting Group Company Profile

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.