Polar Asset Management Partners Inc. Has $11.63 Million Holdings in Bowman Consulting Group Ltd. (NASDAQ:BWMN)

Polar Asset Management Partners Inc. increased its holdings in Bowman Consulting Group Ltd. (NASDAQ:BWMN) by 16.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 482,847 shares of the company’s stock after acquiring an additional 67,708 shares during the period. Polar Asset Management Partners Inc.’s holdings in Bowman Consulting Group were worth $11,627,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. FMR LLC raised its holdings in shares of Bowman Consulting Group by 5.0% in the 3rd quarter. FMR LLC now owns 2,730,755 shares of the company’s stock worth $65,757,000 after acquiring an additional 128,981 shares during the last quarter. Pembroke Management LTD increased its stake in Bowman Consulting Group by 10.0% in the 3rd quarter. Pembroke Management LTD now owns 711,648 shares of the company’s stock valued at $17,136,000 after buying an additional 64,617 shares during the last quarter. Vanguard Group Inc. increased its stake in Bowman Consulting Group by 28.0% in the 1st quarter. Vanguard Group Inc. now owns 662,733 shares of the company’s stock valued at $23,056,000 after buying an additional 144,978 shares during the last quarter. Summit Creek Advisors LLC increased its stake in Bowman Consulting Group by 15.1% in the 2nd quarter. Summit Creek Advisors LLC now owns 345,704 shares of the company’s stock valued at $10,990,000 after buying an additional 45,451 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust increased its stake in Bowman Consulting Group by 87.4% in the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 187,410 shares of the company’s stock valued at $5,958,000 after buying an additional 87,410 shares during the last quarter. Institutional investors and hedge funds own 63.20% of the company’s stock.

Analyst Upgrades and Downgrades

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

Bowman Consulting Group Stock Up 0.6 %

Shares of NASDAQ:BWMN opened at $26.82 on Wednesday. The firm has a fifty day moving average price of $23.53 and a two-hundred day moving average price of $27.21. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.43 and a quick ratio of 1.43. Bowman Consulting Group Ltd. has a one year low of $19.92 and a one year high of $42.90. The company has a market cap of $470.15 million, a price-to-earnings ratio of -33.95 and a beta of 1.26.

Insider Buying and Selling

In other news, CEO Gary Bowman sold 4,002 shares of Bowman Consulting Group stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $24.08, for a total transaction of $96,368.16. Following the sale, the chief executive officer now owns 919,500 shares of the company’s stock, valued at approximately $22,141,560. The trade was a 0.43 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Robert Alan Hickey sold 1,444 shares of Bowman Consulting Group stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $22.09, for a total transaction of $31,897.96. Following the sale, the insider now directly owns 196,888 shares in the company, valued at $4,349,255.92. The trade was a 0.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,202 shares of company stock worth $168,400 in the last 90 days. 20.40% of the stock is owned by company insiders.

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.