Pacific Ridge Capital Partners LLC Purchases 18,902 Shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN)

Pacific Ridge Capital Partners LLC increased its position in shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN - Free Report) by 7.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 274,711 shares of the company's stock after buying an additional 18,902 shares during the quarter. Bowman Consulting Group comprises about 1.6% of Pacific Ridge Capital Partners LLC's portfolio, making the stock its 18th biggest position. Pacific Ridge Capital Partners LLC owned approximately 1.57% of Bowman Consulting Group worth $6,854,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Quantbot Technologies LP grew its holdings in shares of Bowman Consulting Group by 115.6% during the third quarter. Quantbot Technologies LP now owns 3,893 shares of the company's stock valued at $94,000 after buying an additional 2,087 shares during the last quarter. SG Americas Securities LLC bought a new stake in Bowman Consulting Group during the 4th quarter worth approximately $147,000. Rhumbline Advisers lifted its holdings in shares of Bowman Consulting Group by 7.6% in the fourth quarter. Rhumbline Advisers now owns 17,984 shares of the company's stock valued at $449,000 after purchasing an additional 1,277 shares in the last quarter. Barclays PLC boosted its position in shares of Bowman Consulting Group by 210.4% during the third quarter. Barclays PLC now owns 21,341 shares of the company's stock valued at $513,000 after buying an additional 14,466 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its stake in Bowman Consulting Group by 10.8% during the 3rd quarter. Janus Henderson Group PLC now owns 24,306 shares of the company's stock valued at $585,000 after acquiring an additional 2,370 shares in the last quarter. Institutional investors own 63.20% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Robert W. Baird cut their price target on shares of Bowman Consulting Group from $29.00 to $28.00 and set an "outperform" rating on the stock in a report on Thursday, March 13th. B. Riley upgraded Bowman Consulting Group to a "strong-buy" rating in a research note on Tuesday, March 18th. Finally, Bank of America lowered their target price on Bowman Consulting Group from $36.50 to $30.50 and set a "buy" rating on the stock in a research note on Wednesday, March 12th. Three investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Bowman Consulting Group has an average rating of "Buy" and a consensus price target of $33.83.

Bowman Consulting Group Stock Performance

Bowman Consulting Group stock traded down $0.24 during trading on Monday, hitting $22.45. The stock had a trading volume of 28,794 shares, compared to its average volume of 91,219. The stock's 50 day moving average is $23.00 and its two-hundred day moving average is $23.90. Bowman Consulting Group Ltd. has a 1 year low of $17.90 and a 1 year high of $36.65. The stock has a market cap of $387.49 million, a price-to-earnings ratio of -28.41 and a beta of 1.32. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.16.

Bowman Consulting Group (NASDAQ:BWMN - Get Free Report) last issued its earnings results on Tuesday, March 11th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.06). The firm had revenue of $113.22 million during the quarter, compared to the consensus estimate of $110.00 million. Bowman Consulting Group had a negative net margin of 2.62% and a positive return on equity of 3.76%.

Insider Buying and Selling at Bowman Consulting Group

In related news, insider Robert Alan Hickey sold 2,500 shares of Bowman Consulting Group stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $22.46, for a total value of $56,150.00. Following the completion of the transaction, the insider now directly owns 188,177 shares in the company, valued at approximately $4,226,455.42. The trade was a 1.31 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 20.40% of the company's stock.

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.