Grandeur Peak Global Advisors LLC Buys Shares of 27,351 Bowman Consulting Group Ltd. $BWMN

Grandeur Peak Global Advisors LLC bought a new position in Bowman Consulting Group Ltd. (NASDAQ:BWMN) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 27,351 shares of the company’s stock, valued at approximately $799,000. Grandeur Peak Global Advisors LLC owned about 0.16% of Bowman Consulting Group at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. Bank of America Corp DE bought a new stake in shares of Bowman Consulting Group in the 2nd quarter valued at approximately $760,000. Polar Asset Management Partners Inc. bought a new position in Bowman Consulting Group during the second quarter valued at approximately $7,210,000. Canada Pension Plan Investment Board acquired a new stake in Bowman Consulting Group in the second quarter valued at approximately $467,000. Legal & General Group Plc bought a new stake in Bowman Consulting Group in the second quarter worth approximately $42,000. Finally, Fiduciary Financial Advisors bought a new stake in Bowman Consulting Group in the second quarter worth approximately $153,000. 63.20% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Bowman Consulting Group news, Director Patricia Mulroy sold 883 shares of the business’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $42.37, for a total transaction of $37,412.71. Following the completion of the transaction, the director owned 26,330 shares of the company’s stock, valued at $1,115,602.10. The trade was a 3.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 17.50% of the stock is currently owned by corporate insiders.

Bowman Consulting Group Stock Performance

NASDAQ:BWMN opened at $42.52 on Friday. Bowman Consulting Group Ltd. has a 12 month low of $25.07 and a 12 month high of $45.83. The firm has a market cap of $737.13 million, a price-to-earnings ratio of 106.30 and a beta of 1.36. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.22. The company’s 50 day moving average is $31.80 and its 200-day moving average is $31.53.

Bowman Consulting Group (NASDAQ:BWMN) last posted its quarterly earnings data on Monday, August 10th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.15. Bowman Consulting Group had a net margin of 1.30% and a return on equity of 2.67%. The business had revenue of $146.13 million during the quarter, compared to the consensus estimate of $129.35 million. Equities analysts anticipate that Bowman Consulting Group Ltd. will post 0.75 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on BWMN shares. B. Riley Financial downgraded shares of Bowman Consulting Group from a “buy” rating to a “hold” rating in a report on Monday, August 10th. JPMorgan Chase & Co. cut shares of Bowman Consulting Group from a “neutral” rating to an “underweight” rating and upped their price objective for the stock from $40.00 to $43.00 in a report on Friday, August 21st. Wolfe Research set a $43.00 target price on Bowman Consulting Group in a report on Tuesday, August 11th. Wall Street Zen upgraded Bowman Consulting Group from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Finally, Weiss Ratings raised Bowman Consulting Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday. Seven equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Bowman Consulting Group currently has a consensus rating of “Reduce” and a consensus target price of $44.71.

Bowman Consulting Group Company Profile

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.