Bowman Consulting Group Ltd. $BWMN Stock Sold by North Star Investment Management Corp.

North Star Investment Management Corp. reduced its holdings in shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN) by 46.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,000 shares of the company’s stock after selling 15,000 shares during the quarter. North Star Investment Management Corp.’s holdings in Bowman Consulting Group were worth $725,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in BWMN. Inspire Investing LLC purchased a new stake in shares of Bowman Consulting Group in the third quarter valued at about $636,000. Skylands Capital LLC increased its stake in shares of Bowman Consulting Group by 140.1% during the 3rd quarter. Skylands Capital LLC now owns 42,900 shares of the company’s stock worth $1,829,000 after purchasing an additional 25,035 shares in the last quarter. Fortitude Family Office LLC purchased a new position in shares of Bowman Consulting Group during the 3rd quarter worth approximately $34,000. Farther Finance Advisors LLC increased its stake in shares of Bowman Consulting Group by 38,100.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 764 shares of the company’s stock worth $33,000 after purchasing an additional 762 shares in the last quarter. Finally, Squarepoint Ops LLC raised its position in shares of Bowman Consulting Group by 110.6% during the 2nd quarter. Squarepoint Ops LLC now owns 78,687 shares of the company’s stock worth $2,298,000 after purchasing an additional 41,315 shares during the last quarter. 63.20% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Patricia Mulroy sold 883 shares of the company’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 in the company, valued at approximately $1,115,602.10. This represents a 3.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Gary Bowman sold 22,500 shares of the stock in a transaction dated Wednesday, September 23rd. The stock was sold at an average price of $42.55, for a total value of $957,375.00. Following the transaction, the chief executive officer owned 1,272,838 shares in the company, valued at $54,159,256.90. This trade represents a 1.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 61,797 shares of company stock valued at $2,615,310. Company insiders own 17.50% of the company’s stock.

Bowman Consulting Group Price Performance

Shares of NASDAQ BWMN opened at $42.86 on Friday. Bowman Consulting Group Ltd. has a 1 year low of $25.07 and a 1 year high of $45.00. The firm’s 50 day moving average price is $42.64 and its 200 day moving average price is $34.34. The firm has a market cap of $711.05 million, a P/E ratio of 107.15 and a beta of 1.48. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.90 and a current ratio of 0.90.

Bowman Consulting Group (NASDAQ:BWMN) last released its earnings results on Monday, August 10th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.47 by $0.15. The firm had revenue of $146.12 million during the quarter, compared to analysts’ expectations of $129.35 million. Bowman Consulting Group had a net margin of 1.30% and a return on equity of 2.67%. As a group, sell-side analysts anticipate that Bowman Consulting Group Ltd. will post 0.75 earnings per share for the current year.

Analyst Ratings Changes

BWMN has been the topic of a number of recent research reports. JPMorgan Chase & Co. lowered Bowman Consulting Group from a “neutral” rating to an “underweight” rating and upped their target price for the company from $40.00 to $43.00 in a research note on Friday, August 21st. Texas Capital cut Bowman Consulting Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 11th. Wall Street Zen upgraded Bowman Consulting Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Wolfe Research set a $43.00 price objective on Bowman Consulting Group in a research note on Tuesday, August 11th. Finally, B. Riley Financial lowered Bowman Consulting Group from a “buy” rating to a “hold” rating in a research note on Monday, August 10th. Seven research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $43.00.

Bowman Consulting Group Profile

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.