Bowman Consulting Group Ltd. (NASDAQ:BWMN) Shares Sold by Millrace Asset Group Inc.

Millrace Asset Group Inc. reduced its holdings in Bowman Consulting Group Ltd. (NASDAQ:BWMN - Free Report) by 73.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,533 shares of the company's stock after selling 58,245 shares during the period. Millrace Asset Group Inc. owned approximately 0.12% of Bowman Consulting Group worth $494,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Quadrature Capital Ltd purchased a new position in Bowman Consulting Group in the 1st quarter worth approximately $620,000. Vanguard Group Inc. boosted its stake in Bowman Consulting Group by 28.0% during the first quarter. Vanguard Group Inc. now owns 662,733 shares of the company's stock worth $23,056,000 after buying an additional 144,978 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Bowman Consulting Group by 46.3% during the second quarter. Dimensional Fund Advisors LP now owns 76,581 shares of the company's stock worth $2,434,000 after buying an additional 24,244 shares during the last quarter. Emerald Mutual Fund Advisers Trust grew its holdings in Bowman Consulting Group by 87.4% in the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 187,410 shares of the company's stock valued at $5,958,000 after buying an additional 87,410 shares in the last quarter. Finally, Pembroke Management LTD increased its stake in shares of Bowman Consulting Group by 10.0% in the 3rd quarter. Pembroke Management LTD now owns 711,648 shares of the company's stock worth $17,136,000 after acquiring an additional 64,617 shares during the last quarter. 63.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on BWMN shares. Roth Mkm reduced 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 reduced their price target on shares of Bowman Consulting Group from $29.00 to $27.00 and set an "outperform" rating on the stock in a research report on Friday, November 8th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $39.70.

Bowman Consulting Group Trading Up 0.5 %

Shares of Bowman Consulting Group stock traded up $0.14 on Tuesday, reaching $26.81. The company had a trading volume of 34,958 shares, compared to its average volume of 95,854. 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 firm has a market cap of $469.98 million, a PE ratio of -33.94 and a beta of 1.12. The firm's 50 day moving average price is $23.24 and its two-hundred day moving average price is $27.36. Bowman Consulting Group Ltd. has a 52-week low of $19.92 and a 52-week high of $42.90.

Insider Buying and Selling at Bowman Consulting Group

In related news, insider Robert Alan Hickey sold 1,444 shares of the company's stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $22.09, for a total transaction of $31,897.96. Following the sale, the insider now directly owns 196,888 shares of the company's stock, valued at $4,349,255.92. This represents a 0.73 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gary Bowman sold 4,002 shares of the firm's stock in a transaction that occurred on 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 represents a 0.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,202 shares of company stock valued at $168,400 over the last quarter. 20.40% of the stock is owned by company insiders.

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.