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

Bowman Consulting Group Ltd. (NASDAQ:BWMN) was the recipient of a large growth in short interest during the month of June. As of June 15th, there was short interest totalling 482,100 shares, a growth of 22.6% from the May 31st total of 393,100 shares. Based on an average daily trading volume, of 108,700 shares, the short-interest ratio is currently 4.4 days. Approximately 3.4% of the company’s shares are sold short.

Insider Buying and Selling at Bowman Consulting Group

In related news, Director Raymond Jr. Vicks sold 1,230 shares of Bowman Consulting Group stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $30.95, for a total value of $38,068.50. Following the transaction, the director now directly owns 3,224 shares of the company’s stock, valued at $99,782.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CEO Gary Bowman sold 6,250 shares of Bowman Consulting Group stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $31.31, for a total value of $195,687.50. Following the completion of the sale, the chief executive officer now owns 937,252 shares in the company, valued at approximately $29,345,360.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Raymond Jr. Vicks sold 1,230 shares of the business’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $30.95, for a total transaction of $38,068.50. Following the transaction, the director now owns 3,224 shares in the company, valued at approximately $99,782.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 36,230 shares of company stock worth $1,135,456. Insiders own 20.40% of the company’s stock.

Institutional Trading of Bowman Consulting Group

Several institutional investors have recently made changes to their positions in the company. Byrne Asset Management LLC purchased a new position in Bowman Consulting Group during the first quarter worth about $33,000. Norden Group LLC bought a new position in shares of Bowman Consulting Group during the 1st quarter worth approximately $207,000. Kestra Advisory Services LLC purchased a new position in shares of Bowman Consulting Group in the 3rd quarter worth approximately $208,000. NBC Securities Inc. bought a new position in shares of Bowman Consulting Group in the fourth quarter valued at approximately $214,000. Finally, Virtu Financial LLC purchased a new stake in shares of Bowman Consulting Group during the first quarter valued at approximately $226,000. Institutional investors own 63.20% of the company’s stock.

Wall Street Analyst Weigh In

BWMN has been the subject of several research analyst reports. Baird R W raised shares of Bowman Consulting Group to a “strong-buy” rating in a research note on Monday, June 3rd. B. Riley reaffirmed a “buy” rating and set a $47.00 price target (up from $44.00) on shares of Bowman Consulting Group in a research note on Wednesday, March 13th. Robert W. Baird assumed coverage on Bowman Consulting Group in a report on Monday, June 3rd. They issued an “outperform” rating and a $37.00 price target on the stock. Roth Mkm decreased their price objective on Bowman Consulting Group from $49.00 to $47.00 and set a “buy” rating for the company in a report on Wednesday, May 8th. Finally, DA Davidson increased their target price on Bowman Consulting Group from $36.00 to $45.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $42.50.

Bowman Consulting Group Stock Down 3.3 %

BWMN traded down $1.04 during midday trading on Monday, reaching $30.75. 84,335 shares of the company were exchanged, compared to its average volume of 93,484. Bowman Consulting Group has a one year low of $25.52 and a one year high of $42.90. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.21 and a current ratio of 1.21. The company’s fifty day moving average price is $31.61 and its 200 day moving average price is $33.17. The company has a market cap of $543.35 million, a price-to-earnings ratio of -46.81 and a beta of 1.15.

Bowman Consulting Group (NASDAQ:BWMN) last announced its quarterly earnings results on Monday, May 6th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.18. Bowman Consulting Group had a positive return on equity of 5.63% and a negative net margin of 2.43%. The business had revenue of $94.91 million during the quarter, compared to the consensus estimate of $93.51 million. As a group, analysts expect that Bowman Consulting Group will post 0.09 EPS for the current year.

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.