Summit Creek Advisors LLC Purchases 46,816 Shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN)

Summit Creek Advisors LLC increased its position in Bowman Consulting Group Ltd. (NASDAQ:BWMN - Free Report) by 14.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 373,443 shares of the company's stock after purchasing an additional 46,816 shares during the quarter. Summit Creek Advisors LLC owned approximately 2.13% of Bowman Consulting Group worth $9,317,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its position in shares of Bowman Consulting Group by 2.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 38,708 shares of the company's stock worth $932,000 after buying an additional 913 shares during the period. FMR LLC boosted its stake in Bowman Consulting Group by 5.0% in the third quarter. FMR LLC now owns 2,730,755 shares of the company's stock valued at $65,757,000 after acquiring an additional 128,981 shares during the last quarter. Quantbot Technologies LP grew its holdings in Bowman Consulting Group by 115.6% during the 3rd quarter. Quantbot Technologies LP now owns 3,893 shares of the company's stock worth $94,000 after acquiring an additional 2,087 shares during the period. Janus Henderson Group PLC raised its position in shares of 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 during the last quarter. Finally, Polar Asset Management Partners Inc. lifted its stake in shares of Bowman Consulting Group by 16.3% in the 3rd quarter. Polar Asset Management Partners Inc. now owns 482,847 shares of the company's stock valued at $11,627,000 after purchasing an additional 67,708 shares during the period. 63.20% of the stock is owned by institutional investors.

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Insider Activity

In related news, insider Robert Alan Hickey sold 2,500 shares of the business's stock in a transaction 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 sale, the insider now directly owns 188,177 shares of the company's stock, valued at approximately $4,226,455.42. The trade was a 1.31 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 20.40% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Robert W. Baird decreased their price objective on Bowman Consulting Group from $29.00 to $28.00 and set an "outperform" rating for the company in a research note on Thursday, March 13th. B. Riley upgraded Bowman Consulting Group to a "strong-buy" rating in a research report on Tuesday, March 18th. Finally, Bank of America lowered their price target on Bowman Consulting Group from $36.50 to $30.50 and set a "buy" rating for the company 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 stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $33.83.

Bowman Consulting Group Trading Up 0.9 %

BWMN stock traded up $0.21 during midday trading on Friday, hitting $22.68. 126,517 shares of the company's stock were exchanged, compared to its average volume of 95,988. Bowman Consulting Group Ltd. has a one year low of $17.90 and a one year high of $36.65. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.43 and a current ratio of 1.43. The company has a market cap of $391.55 million, a PE ratio of -28.71 and a beta of 1.32. The stock's fifty day moving average price is $23.00 and its 200-day moving average price is $23.89.

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

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.