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

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

Analyst Ratings Changes

BWMN has been the topic of a number of recent analyst reports. B. Riley raised Bowman Consulting Group to a “strong-buy” rating in a research report on Tuesday, March 18th. Robert W. Baird dropped their price target on Bowman Consulting Group from $29.00 to $28.00 and set an “outperform” rating on the stock in a research note on Thursday, March 13th. Finally, Bank of America decreased their target price on shares of Bowman Consulting Group from $36.50 to $30.50 and set a “buy” rating for the company in a report on Wednesday, March 12th. Three investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $33.83.

Insider Activity

In other Bowman Consulting Group news, insider Robert Alan Hickey sold 2,500 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $22.46, for a total value of $56,150.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 20.40% of the company’s stock.

Hedge Funds Weigh In On Bowman Consulting Group

Several large investors have recently bought and sold shares of BWMN. Geode Capital Management LLC increased its holdings in shares of Bowman Consulting Group by 9.0% during the 3rd quarter. Geode Capital Management LLC now owns 326,306 shares of the company’s stock worth $7,859,000 after purchasing an additional 27,056 shares during the period. Barclays PLC increased its stake in Bowman Consulting Group by 210.4% during the third quarter. Barclays PLC now owns 21,341 shares of the company’s stock valued at $513,000 after acquiring an additional 14,466 shares during the period. State Street Corp increased its stake in Bowman Consulting Group by 5.8% during the third quarter. State Street Corp now owns 255,259 shares of the company’s stock valued at $6,147,000 after acquiring an additional 13,904 shares during the period. FMR LLC lifted its position 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 period. Finally, Bank of New York Mellon Corp lifted its position in shares of Bowman Consulting Group by 1.9% in the 4th quarter. Bank of New York Mellon Corp now owns 32,031 shares of the company’s stock worth $799,000 after acquiring an additional 586 shares during the period. 63.20% of the stock is currently owned by institutional investors and hedge funds.

Bowman Consulting Group Trading Up 0.4 %

Shares of NASDAQ BWMN opened at $21.91 on Wednesday. The stock has a market cap of $378.25 million, a price-to-earnings ratio of -27.73 and a beta of 1.32. The business has a 50 day simple moving average of $22.83 and a 200 day simple moving average of $23.88. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.43 and a current ratio of 1.43. Bowman Consulting Group has a 52 week low of $17.90 and a 52 week high of $36.65.

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

About Bowman Consulting Group

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.