FMR LLC increased its holdings in shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN - Free Report) by 5.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,730,755 shares of the company's stock after buying an additional 128,981 shares during the period. FMR LLC owned about 15.58% of Bowman Consulting Group worth $65,757,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in BWMN. Vanguard Group Inc. increased its stake in Bowman Consulting Group by 28.0% during the 1st 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 period. Pembroke Management LTD increased its position in shares of Bowman Consulting Group by 19.8% in the 2nd quarter. Pembroke Management LTD now owns 647,031 shares of the company's stock valued at $20,569,000 after purchasing an additional 106,926 shares during the last quarter. Emerald Mutual Fund Advisers Trust increased its position in shares of 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 purchasing an additional 87,410 shares during the last quarter. Ovata Capital Management Ltd increased its position in shares of Bowman Consulting Group by 189.9% in the 2nd quarter. Ovata Capital Management Ltd now owns 74,800 shares of the company's stock valued at $2,378,000 after purchasing an additional 49,000 shares during the last quarter. Finally, Summit Creek Advisors LLC increased its position in shares of Bowman Consulting Group by 15.1% in the 2nd quarter. Summit Creek Advisors LLC now owns 345,704 shares of the company's stock valued at $10,990,000 after purchasing an additional 45,451 shares during the last quarter. 63.20% of the stock is owned by hedge funds and other institutional investors.
Bowman Consulting Group Stock Performance
NASDAQ:BWMN traded up $0.07 during trading hours on Friday, reaching $28.34. 65,160 shares of the company's stock were exchanged, compared to its average volume of 87,367. Bowman Consulting Group Ltd. has a 1-year low of $19.92 and a 1-year high of $42.90. The firm has a market capitalization of $496.80 million, a price-to-earnings ratio of -35.87 and a beta of 1.26. The company has a 50-day moving average of $23.88 and a 200 day moving average of $27.15. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.16.
Insiders Place Their Bets
In related news, Director Stephen A. Riddick sold 2,288 shares of the firm's stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $28.60, for a total value of $65,436.80. Following the sale, the director now directly owns 20,248 shares of the company's stock, valued at approximately $579,092.80. This trade represents a 10.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gary Bowman sold 4,002 shares of the firm's stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $24.08, for a total transaction of $96,368.16. Following the completion of the sale, the chief executive officer now directly owns 919,500 shares in the company, valued at $22,141,560. This represents a 0.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,490 shares of company stock valued at $233,837 in the last ninety days. Insiders own 20.40% of the company's stock.
Wall Street Analyst Weigh In
Separately, Robert W. Baird dropped their price objective 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 given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $39.70.
Read Our Latest Analysis on Bowman Consulting Group
About Bowman Consulting Group
(
Free Report)
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.
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