Pembroke Management LTD Purchases 64,617 Shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN)

Pembroke Management LTD increased its stake in shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN - Free Report) by 10.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 711,648 shares of the company's stock after purchasing an additional 64,617 shares during the period. Bowman Consulting Group makes up approximately 2.2% of Pembroke Management LTD's investment portfolio, making the stock its 19th largest holding. Pembroke Management LTD owned about 4.03% of Bowman Consulting Group worth $17,136,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD raised its holdings in Bowman Consulting Group by 4.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 8,425 shares of the company's stock worth $294,000 after purchasing an additional 393 shares during the period. Comerica Bank grew its stake in Bowman Consulting Group by 18.2% in the first quarter. Comerica Bank now owns 7,745 shares of the company's stock valued at $269,000 after acquiring an additional 1,190 shares during the period. Boston Partners raised its position in shares of Bowman Consulting Group by 27.5% during the first quarter. Boston Partners now owns 8,695 shares of the company's stock worth $302,000 after purchasing an additional 1,876 shares during the period. Point72 Asset Management L.P. bought a new position in shares of Bowman Consulting Group during the 2nd quarter valued at about $96,000. Finally, Kennedy Capital Management LLC increased its stake in Bowman Consulting Group by 6.3% during the 1st quarter. Kennedy Capital Management LLC now owns 53,282 shares of the company's stock worth $1,854,000 after purchasing an additional 3,138 shares in the last quarter. Institutional investors own 63.20% of the company's stock.

Wall Street Analyst Weigh In

BWMN has been the subject of several research analyst reports. Roth Mkm reduced their price target on shares of Bowman Consulting Group from $47.00 to $43.00 and set a "buy" rating for the company in a report on Thursday, August 8th. Robert W. Baird dropped their price target on Bowman Consulting Group from $37.00 to $29.00 and set an "outperform" rating on the stock in a research note on Thursday, August 8th. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and an average price target of $40.10.

Bowman Consulting Group Stock Up 6.3 %

BWMN traded up $1.28 during trading on Friday, reaching $21.58. 93,361 shares of the stock were exchanged, compared to its average volume of 84,132. Bowman Consulting Group Ltd. has a twelve month low of $19.92 and a twelve month high of $42.90. The stock has a market cap of $392.76 million, a P/E ratio of -28.77 and a beta of 1.12. The stock's 50 day moving average price is $22.75 and its two-hundred day moving average price is $28.10. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.26 and a current ratio of 1.26.

Bowman Consulting Group (NASDAQ:BWMN - Get Free Report) last issued its earnings results on Tuesday, August 6th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.10). Bowman Consulting Group had a positive return on equity of 4.40% and a negative net margin of 2.67%. The business had revenue of $104.50 million for the quarter, compared to the consensus estimate of $113.01 million. Equities analysts expect that Bowman Consulting Group Ltd. will post -0.36 EPS for the current year.

Insider Activity at Bowman Consulting Group

In other news, President Michael Bruen sold 5,000 shares of the company's stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $31.29, for a total value of $156,450.00. Following the transaction, the president now owns 375,739 shares of the company's stock, valued at approximately $11,756,873.31. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, President Michael Bruen sold 5,000 shares of the business's stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $31.29, for a total value of $156,450.00. Following the completion of the sale, the president now owns 375,739 shares of the company's stock, valued at approximately $11,756,873.31. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Gary Bowman sold 4,002 shares of the firm's stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $24.08, for a total transaction of $96,368.16. Following the transaction, the chief executive officer now directly owns 919,500 shares in the company, valued at approximately $22,141,560. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,346 shares of company stock worth $375,487. Insiders own 20.40% of the company's stock.

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.