Bowman Consulting Group Ltd. (NASDAQ:BWMN) Shares Acquired by Emerald Mutual Fund Advisers Trust

Emerald Mutual Fund Advisers Trust increased its holdings in shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN) by 87.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 187,410 shares of the company’s stock after purchasing an additional 87,410 shares during the quarter. Emerald Mutual Fund Advisers Trust owned 1.06% of Bowman Consulting Group worth $5,958,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of BWMN. Norden Group LLC acquired a new stake in shares of Bowman Consulting Group during the first quarter valued at about $207,000. NBC Securities Inc. acquired a new stake in Bowman Consulting Group in the 4th quarter valued at approximately $214,000. Virtu Financial LLC acquired a new stake in Bowman Consulting Group in the 1st quarter valued at approximately $226,000. Comerica Bank raised its position in Bowman Consulting Group by 18.2% in the first quarter. Comerica Bank now owns 7,745 shares of the company’s stock valued at $269,000 after purchasing an additional 1,190 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its stake in Bowman Consulting Group by 4.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 8,425 shares of the company’s stock worth $294,000 after purchasing an additional 393 shares in the last quarter. 63.20% of the stock is currently owned by hedge funds and other institutional investors.

Bowman Consulting Group Price Performance

BWMN stock opened at $23.56 on Friday. The business’s 50-day moving average is $28.97 and its two-hundred day moving average is $31.61. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a market capitalization of $416.23 million, a P/E ratio of -35.16 and a beta of 1.09. Bowman Consulting Group Ltd. has a 1 year low of $21.02 and a 1 year high of $42.90.

Bowman Consulting Group (NASDAQ:BWMN) last issued its earnings results on Tuesday, August 6th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $113.01 million. Analysts anticipate that Bowman Consulting Group Ltd. will post -0.36 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BWMN has been the topic of several research analyst reports. Baird R W upgraded Bowman Consulting Group to a “strong-buy” rating in a report on Monday, June 3rd. Robert W. Baird cut their price target on shares of Bowman Consulting Group from $37.00 to $29.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Roth Mkm lowered their price objective on shares of Bowman Consulting Group from $47.00 to $43.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Finally, Bank of America began coverage on shares of Bowman Consulting Group in a report on Friday, May 24th. They issued a “buy” rating and a $36.50 price objective for the company. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $40.10.

Insider Activity

In related news, insider Robert Alan Hickey sold 2,500 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $23.07, for a total transaction of $57,675.00. Following the completion of the transaction, the insider now owns 198,332 shares in the company, valued at $4,575,519.24. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Bowman Consulting Group news, CEO Gary Bowman sold 6,250 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 937,252 shares in the company, 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, insider Robert Alan Hickey sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $23.07, for a total transaction of $57,675.00. Following the sale, the insider now directly owns 198,332 shares in the company, valued at approximately $4,575,519.24. The disclosure for this sale can be found here. In the last three months, insiders have sold 28,200 shares of company stock worth $890,856. 20.40% of the stock is currently owned by corporate insiders.

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.