Bowman Consulting Group Ltd. (NASDAQ:BWMN) Shares Bought by Grandeur Peak Global Advisors LLC

Grandeur Peak Global Advisors LLC grew its position in Bowman Consulting Group Ltd. (NASDAQ:BWMN - Free Report) by 100.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 159,289 shares of the company's stock after buying an additional 79,691 shares during the quarter. Grandeur Peak Global Advisors LLC owned 0.91% of Bowman Consulting Group worth $3,974,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of BWMN. SG Americas Securities LLC purchased a new stake in Bowman Consulting Group during the fourth quarter worth about $147,000. Wells Fargo & Company MN lifted its holdings in Bowman Consulting Group by 55.0% during the 4th quarter. Wells Fargo & Company MN now owns 6,524 shares of the company's stock worth $163,000 after buying an additional 2,316 shares in the last quarter. Rhumbline Advisers boosted its position in Bowman Consulting Group by 7.6% in the 4th quarter. Rhumbline Advisers now owns 17,984 shares of the company's stock valued at $449,000 after buying an additional 1,277 shares during the period. Barclays PLC raised its stake in shares of Bowman Consulting Group by 210.4% in the third quarter. Barclays PLC now owns 21,341 shares of the company's stock valued at $513,000 after acquiring an additional 14,466 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in Bowman Consulting Group by 10.8% in the third quarter. Janus Henderson Group PLC now owns 24,306 shares of the company's stock valued at $585,000 after purchasing an additional 2,370 shares during the period. Institutional investors and hedge funds own 63.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on BWMN shares. B. Riley raised Bowman Consulting Group to a "strong-buy" rating in a research report on Tuesday, March 18th. Robert W. Baird cut their target price on 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 dropped their price target on shares of 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's stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $33.83.

Insider Buying and Selling at Bowman Consulting Group

In other news, insider Robert Alan Hickey sold 2,500 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $22.46, for a total transaction of $56,150.00. Following the completion of the transaction, the insider now directly owns 188,177 shares of the company's stock, valued at approximately $4,226,455.42. This represents a 1.31 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 20.40% of the stock is currently owned by corporate insiders.

Bowman Consulting Group Stock Performance

BWMN stock traded up $0.40 on Thursday, hitting $22.33. The company's stock had a trading volume of 37,778 shares, compared to its average volume of 96,021. Bowman Consulting Group Ltd. has a 1 year low of $17.90 and a 1 year high of $36.65. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.16. The stock has a market cap of $385.57 million, a price-to-earnings ratio of -28.25 and a beta of 1.24. The firm has a 50 day moving average of $21.93 and a two-hundred day moving average of $23.70.

Bowman Consulting Group (NASDAQ:BWMN - Get Free Report) last released its quarterly 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 company had revenue of $113.22 million for the quarter, compared to analysts' expectations 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.