Bowman Consulting Group Ltd. (NASDAQ:BWMN) Shares Sold by Millrace Asset Group Inc.

Millrace Asset Group Inc. lowered its position in shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN) by 73.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,533 shares of the company’s stock after selling 58,245 shares during the quarter. Millrace Asset Group Inc. owned about 0.12% of Bowman Consulting Group worth $494,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Quantbot Technologies LP grew its position in shares of Bowman Consulting Group by 115.6% during the 3rd quarter. Quantbot Technologies LP now owns 3,893 shares of the company’s stock valued at $94,000 after buying an additional 2,087 shares during the last quarter. FMR LLC grew its holdings in shares of Bowman Consulting Group by 5.0% during the third quarter. FMR LLC now owns 2,730,755 shares of the company’s stock valued at $65,757,000 after purchasing an additional 128,981 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Bowman Consulting Group by 2.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 38,708 shares of the company’s stock worth $932,000 after purchasing an additional 913 shares during the period. Acorn Financial Advisory Services Inc. ADV bought a new stake in shares of Bowman Consulting Group in the 3rd quarter worth approximately $217,000. Finally, Fiera Capital Corp boosted its position in Bowman Consulting Group by 21.2% during the 3rd quarter. Fiera Capital Corp now owns 103,000 shares of the company’s stock valued at $2,480,000 after purchasing an additional 18,000 shares during the period. 63.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have weighed in on BWMN shares. Roth Mkm dropped their target price on Bowman Consulting Group from $47.00 to $43.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Robert W. Baird dropped their price objective on shares of Bowman Consulting Group from $29.00 to $27.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $39.70.

Bowman Consulting Group Price Performance

Shares of BWMN opened at $26.67 on Tuesday. Bowman Consulting Group Ltd. has a one year low of $19.92 and a one year high of $42.90. The firm has a market capitalization of $467.53 million, a price-to-earnings ratio of -33.76 and a beta of 1.12. The stock’s fifty day moving average is $23.24 and its 200-day moving average is $27.36. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.43 and a current ratio of 1.43.

Insider Activity

In other Bowman Consulting Group news, insider Robert Alan Hickey sold 1,444 shares of the company’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $22.09, for a total value of $31,897.96. Following the completion of the sale, the insider now directly owns 196,888 shares of the company’s stock, valued at approximately $4,349,255.92. This represents a 0.73 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gary Bowman sold 4,002 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $24.08, for a total transaction of $96,368.16. Following the completion of the sale, the chief executive officer now owns 919,500 shares in the company, valued at $22,141,560. The trade was a 0.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,202 shares of company stock worth $168,400 over the last three months. Corporate insiders own 20.40% of the company’s stock.

Bowman Consulting Group 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.