Inspire Investing LLC Acquires New Stake in Bowman Consulting Group Ltd. $BWMN

Inspire Investing LLC bought a new stake in Bowman Consulting Group Ltd. (NASDAQ:BWMN) during the third quarter, Holdings Channel.com reports. The fund bought 14,910 shares of the company’s stock, valued at approximately $636,000.

A number of other institutional investors and hedge funds have also bought and sold shares of BWMN. BlackRock Inc. bought a new stake in Bowman Consulting Group during the second quarter valued at approximately $31,113,000. Dimensional Fund Advisors LP increased its holdings in shares of Bowman Consulting Group by 13.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 377,799 shares of the company’s stock worth $10,744,000 after buying an additional 43,624 shares during the last quarter. Polar Asset Management Partners Inc. increased its holdings in shares of Bowman Consulting Group by 12.3% in the 1st quarter. Polar Asset Management Partners Inc. now owns 320,000 shares of the company’s stock worth $9,101,000 after buying an additional 34,976 shares during the last quarter. Summit Creek Advisors LLC bought a new stake in Bowman Consulting Group in the 2nd quarter worth approximately $6,431,000. Finally, Wellington Management Group LLP boosted its position in Bowman Consulting Group by 215.2% during the second quarter. Wellington Management Group LLP now owns 184,736 shares of the company’s stock valued at $5,394,000 after buying an additional 126,136 shares during the period. 63.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Texas Capital downgraded Bowman Consulting Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 11th. Roth Capital downgraded Bowman Consulting Group from a “buy” rating to a “neutral” rating and set a $43.00 target price on the stock. in a research note on Wednesday, August 12th. Robert W. Baird set a $43.00 price objective on shares of Bowman Consulting Group in a report on Monday, August 10th. Wall Street Zen raised Bowman Consulting Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Finally, Craig Hallum cut shares of Bowman Consulting Group from a “buy” rating to a “hold” rating and set a $43.00 price target on the stock. in a research note on Tuesday, August 11th. Seven investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $43.00.

Insider Activity at Bowman Consulting Group

In related news, CEO Gary Bowman sold 22,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 23rd. The shares were sold at an average price of $42.55, for a total value of $957,375.00. Following the completion of the transaction, the chief executive officer owned 1,272,838 shares of the company’s stock, valued at $54,159,256.90. The trade was a 1.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Patricia Mulroy sold 883 shares of the business’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $42.37, for a total value of $37,412.71. Following the completion of the transaction, the director directly owned 26,330 shares of the company’s stock, valued at approximately $1,115,602.10. The trade was a 3.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 61,797 shares of company stock valued at $2,615,310 in the last ninety days. Corporate insiders own 17.50% of the company’s stock.

Bowman Consulting Group Stock Performance

Bowman Consulting Group stock opened at $42.86 on Friday. Bowman Consulting Group Ltd. has a twelve month low of $25.07 and a twelve month high of $45.00. 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 price is $42.64 and its 200-day moving average price is $34.34. The company has a market cap of $711.05 million, a PE ratio of 107.15 and a beta of 1.48.

Bowman Consulting Group (NASDAQ:BWMN) last released its quarterly 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 net margin of 1.30% and a return on equity of 2.67%. The firm had revenue of $146.12 million during the quarter, compared to analysts’ expectations of $129.35 million. On average, equities research analysts forecast that Bowman Consulting Group Ltd. will post 0.75 EPS for the current fiscal year.

About Bowman Consulting Group

Bowman Consulting Group Ltd. (NASDAQ: BWMN) is an engineering services firm that provides infrastructure, planning, surveying, and consulting solutions to public- and private-sector clients. The company supports projects throughout their development and construction life cycles, serving markets such as transportation, power and utilities, commercial and residential real estate, and public infrastructure.

Its services include civil engineering, land surveying, geomatics, environmental consulting, landscape architecture, construction management, right-of-way services, and utility engineering.