Bowman Consulting Group Ltd. (NASDAQ:BWMN) Shares Bought by Ovata Capital Management Ltd

Ovata Capital Management Ltd grew its holdings in shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN) by 189.9% during the second quarter, Holdings Channel.com reports. The firm owned 74,800 shares of the company’s stock after buying an additional 49,000 shares during the quarter. Bowman Consulting Group accounts for approximately 1.3% of Ovata Capital Management Ltd’s portfolio, making the stock its 19th biggest position. Ovata Capital Management Ltd’s holdings in Bowman Consulting Group were worth $2,378,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its position in Bowman Consulting Group by 28.0% in the first quarter. Vanguard Group Inc. now owns 662,733 shares of the company’s stock worth $23,056,000 after purchasing an additional 144,978 shares during the period. Pembroke Management LTD lifted its holdings in shares of Bowman Consulting Group by 19.8% in the second quarter. Pembroke Management LTD now owns 647,031 shares of the company’s stock valued at $20,569,000 after buying an additional 106,926 shares during the period. Polen Capital Management LLC acquired a new stake in shares of Bowman Consulting Group in the fourth quarter valued at $2,010,000. Summit Creek Advisors LLC boosted its stake in Bowman Consulting Group by 19.0% during the first quarter. Summit Creek Advisors LLC now owns 300,253 shares of the company’s stock valued at $10,446,000 after buying an additional 47,844 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC grew its holdings in Bowman Consulting Group by 28.3% during the first quarter. Silvercrest Asset Management Group LLC now owns 188,724 shares of the company’s stock worth $6,566,000 after acquiring an additional 41,669 shares during the period. 63.20% of the stock is currently owned by institutional investors.

Bowman Consulting Group Price Performance

BWMN stock opened at $23.04 on Friday. Bowman Consulting Group Ltd. has a one year low of $21.02 and a one year high of $42.90. The firm has a 50-day moving average of $29.14 and a two-hundred day moving average of $31.72. The firm has a market capitalization of $407.05 million, a PE ratio of -34.39 and a beta of 1.15. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.18.

Bowman Consulting Group (NASDAQ:BWMN) last released its quarterly earnings results on Tuesday, August 6th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.10). Bowman Consulting Group had a negative net margin of 2.67% and a positive return on equity of 4.40%. The firm had revenue of $104.50 million for the quarter, compared to analyst estimates of $113.01 million. On average, analysts forecast that Bowman Consulting Group Ltd. will post -0.36 earnings per share for the current year.

Insider Buying and Selling at Bowman Consulting Group

In other news, COO Michael Bruen sold 5,000 shares of the firm’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $31.56, for a total value of $157,800.00. Following the completion of the sale, the chief operating officer now owns 385,739 shares of the company’s stock, valued at $12,173,922.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Gary Bowman sold 6,250 shares of the business’s stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $31.31, for a total transaction of $195,687.50. Following the transaction, the chief executive officer now directly owns 937,252 shares of the company’s stock, valued at $29,345,360.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Michael Bruen sold 5,000 shares of the stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $31.56, for a total transaction of $157,800.00. Following the completion of the sale, the chief operating officer now owns 385,739 shares of the company’s stock, valued at approximately $12,173,922.84. The disclosure for this sale can be found here. Insiders have sold a total of 28,200 shares of company stock valued at $890,856 in the last three months. 20.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Baird R W raised shares of Bowman Consulting Group to a “strong-buy” rating in a report on Monday, June 3rd. Robert W. Baird cut their target price on shares of Bowman Consulting Group from $37.00 to $29.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Roth Mkm reduced their target price on shares of Bowman Consulting Group from $47.00 to $43.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Finally, Bank of America started coverage on Bowman Consulting Group in a report on Friday, May 24th. They issued a “buy” rating and a $36.50 price target on the stock. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $40.10.

Bowman Consulting Group 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.