Emerald Advisers LLC Sells 8,461 Shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN)

Emerald Advisers LLC cut its stake in Bowman Consulting Group Ltd. (NASDAQ:BWMN) by 51.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,074 shares of the company’s stock after selling 8,461 shares during the period. Emerald Advisers LLC’s holdings in Bowman Consulting Group were worth $194,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Quadrature Capital Ltd bought a new stake in Bowman Consulting Group in the first quarter worth $620,000. Russell Investments Group Ltd. grew 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 worth $2,308,000 after acquiring an additional 16,761 shares during the last quarter. Vanguard Group Inc. increased its stake in Bowman Consulting Group by 28.0% in the 1st 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. Dimensional Fund Advisors LP lifted its position in Bowman Consulting Group by 46.3% in the second quarter. Dimensional Fund Advisors LP now owns 76,581 shares of the company’s stock valued at $2,434,000 after purchasing an additional 24,244 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust boosted its stake in shares of Bowman Consulting Group by 87.4% during the second quarter. Emerald Mutual Fund Advisers Trust now owns 187,410 shares of the company’s stock valued at $5,958,000 after purchasing an additional 87,410 shares during the period. Institutional investors own 63.20% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Gary Bowman sold 4,002 shares of the company’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $24.08, for a total value of $96,368.16. Following the sale, the chief executive officer now directly owns 919,500 shares of the company’s stock, valued at $22,141,560. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Gary Bowman sold 4,002 shares of Bowman Consulting Group stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $24.08, for a total transaction of $96,368.16. Following the completion of the transaction, the chief executive officer now directly owns 919,500 shares of the company’s stock, valued at $22,141,560. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Robert Alan Hickey sold 2,500 shares of the company’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $23.07, for a total transaction of $57,675.00. Following the completion of the sale, the insider now owns 198,332 shares in the company, valued at approximately $4,575,519.24. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,346 shares of company stock worth $219,037. Company insiders own 20.40% of the company’s stock.

Bowman Consulting Group Stock Performance

NASDAQ:BWMN opened at $21.58 on Monday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.18. Bowman Consulting Group Ltd. has a twelve month low of $19.92 and a twelve month high of $42.90. The stock has a market cap of $392.76 million, a P/E ratio of -28.77 and a beta of 1.12. The firm’s fifty day simple moving average is $22.75 and its 200 day simple moving average is $28.10.

Bowman Consulting Group (NASDAQ:BWMN) last announced its quarterly earnings results on Tuesday, August 6th. The company reported ($0.08) earnings per share (EPS) 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 company had revenue of $104.50 million for the quarter, compared to analysts’ expectations of $113.01 million. As a group, research analysts predict that Bowman Consulting Group Ltd. will post -0.36 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently commented on BWMN. Roth Mkm decreased their target price on shares of Bowman Consulting Group from $47.00 to $43.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Robert W. Baird decreased their price objective on shares of Bowman Consulting Group from $37.00 to $29.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Bowman Consulting Group presently has a consensus rating of “Buy” and a consensus target price of $40.10.

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.