Short Interest in Bowman Consulting Group Ltd. (NASDAQ:BWMN) Declines By 14.8%

Bowman Consulting Group Ltd. (NASDAQ:BWMN - Get Free Report) was the target of a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 379,500 shares, a drop of 14.8% from the February 28th total of 445,600 shares. Currently, 2.7% of the company's shares are sold short. Based on an average trading volume of 89,500 shares, the short-interest ratio is presently 4.2 days.

Insider Activity at Bowman Consulting Group

In other Bowman Consulting Group news, insider Robert Alan Hickey sold 2,500 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $22.46, for a total transaction of $56,150.00. Following the completion of the sale, the insider now 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 20.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Bowman Consulting Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. increased its holdings in 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 purchasing an additional 913 shares in the last quarter. FMR LLC raised its position in Bowman Consulting Group by 5.0% in the 3rd quarter. FMR LLC now owns 2,730,755 shares of the company's stock valued at $65,757,000 after buying an additional 128,981 shares during the last quarter. Quantbot Technologies LP raised its position in Bowman Consulting Group by 115.6% in the 3rd 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. Janus Henderson Group PLC lifted its stake in Bowman Consulting Group by 10.8% in 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. Finally, Polar Asset Management Partners Inc. boosted its position in Bowman Consulting Group by 16.3% during the 3rd quarter. Polar Asset Management Partners Inc. now owns 482,847 shares of the company's stock worth $11,627,000 after acquiring an additional 67,708 shares during the last quarter. 63.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. B. Riley upgraded Bowman Consulting Group to a "strong-buy" rating in a report on Tuesday, March 18th. 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 research report on Thursday, March 13th. Finally, Bank of America decreased their price objective on shares of Bowman Consulting Group from $36.50 to $30.50 and set a "buy" rating for the company in a report on Wednesday, March 12th. Three investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $33.83.

Bowman Consulting Group Trading Up 2.4 %

BWMN stock traded up $0.51 during midday trading on Friday, hitting $21.63. 166,920 shares of the company's stock were exchanged, compared to its average volume of 95,638. Bowman Consulting Group has a one year low of $17.90 and a one year high of $36.65. The stock's fifty day moving average price is $22.56 and its 200-day moving average price is $23.83. The company has a market cap of $373.42 million, a PE ratio of -27.38 and a beta of 1.24. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.43 and a current ratio of 1.43.

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

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.