Kennedy Capital Management LLC Acquires 3,138 Shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN)

Kennedy Capital Management LLC boosted its stake in Bowman Consulting Group Ltd. (NASDAQ:BWMN) by 6.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,282 shares of the company’s stock after purchasing an additional 3,138 shares during the period. Kennedy Capital Management LLC owned about 0.30% of Bowman Consulting Group worth $1,854,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in BWMN. Quadrature Capital Ltd bought a new stake in shares of Bowman Consulting Group during the 1st quarter valued at about $620,000. Russell Investments Group Ltd. boosted its position in Bowman Consulting Group by 33.8% during the 1st quarter. Russell Investments Group Ltd. now owns 66,348 shares of the company’s stock valued at $2,308,000 after acquiring an additional 16,761 shares in the last quarter. Polen Capital Management LLC bought a new position in shares of Bowman Consulting Group in the 4th quarter worth approximately $2,010,000. Norden Group LLC purchased a new position in shares of Bowman Consulting Group in the 1st quarter valued at approximately $207,000. Finally, Millrace Asset Group Inc. lifted its position in Bowman Consulting Group by 58.0% during the fourth quarter. Millrace Asset Group Inc. now owns 53,444 shares of the company’s stock valued at $1,898,000 after buying an additional 19,617 shares during the period. 63.20% of the stock is owned by hedge funds and other institutional investors.

Bowman Consulting Group Stock Up 2.0 %

BWMN stock traded up $0.68 on Wednesday, hitting $35.20. The company had a trading volume of 11,090 shares, compared to its average volume of 87,704. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.16. The stock’s 50-day simple moving average is $32.38 and its 200 day simple moving average is $33.16. Bowman Consulting Group Ltd. has a 12-month low of $25.52 and a 12-month high of $42.90.

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

Insider Activity at Bowman Consulting Group

In other Bowman Consulting Group news, CEO Gary Bowman sold 3,750 shares of the firm’s stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $35.58, for a total transaction of $133,425.00. Following the sale, the chief executive officer now owns 927,252 shares in the company, valued at approximately $32,991,626.16. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, COO Michael Bruen sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $30.96, for a total value of $154,800.00. Following the transaction, the chief operating officer now directly owns 404,310 shares of the company’s stock, valued at approximately $12,517,437.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Gary Bowman sold 3,750 shares of the company’s stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $35.58, for a total value of $133,425.00. Following the completion of the transaction, the chief executive officer now owns 927,252 shares of the company’s stock, valued at $32,991,626.16. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,230 shares of company stock worth $853,331. Corporate insiders own 20.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BWMN. Robert W. Baird began coverage on shares of Bowman Consulting Group in a research report on Monday, June 3rd. They set an “outperform” rating and a $37.00 price target for the company. Roth Mkm dropped their price target on Bowman Consulting Group from $49.00 to $47.00 and set a “buy” rating on the stock in a research report on Wednesday, May 8th. Bank of America initiated coverage on Bowman Consulting Group in a research note on Friday, May 24th. They issued a “buy” rating and a $36.50 price target on the stock. Finally, Baird R W upgraded shares of Bowman Consulting Group to a “strong-buy” rating in a research note on Monday, June 3rd. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Bowman Consulting Group currently has an average rating of “Buy” and an average price target of $42.50.

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.