Emerald Mutual Fund Advisers Trust Sells 119,152 Shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN)

Emerald Mutual Fund Advisers Trust lowered its holdings in shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN - Free Report) by 63.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 68,258 shares of the company's stock after selling 119,152 shares during the period. Emerald Mutual Fund Advisers Trust owned about 0.39% of Bowman Consulting Group worth $1,644,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. raised its position in Bowman Consulting Group by 28.0% in the first quarter. Vanguard Group Inc. now owns 662,733 shares of the company's stock valued at $23,056,000 after purchasing an additional 144,978 shares during the period. Pembroke Management LTD lifted its holdings in Bowman Consulting Group by 19.8% in the second quarter. Pembroke Management LTD now owns 647,031 shares of the company's stock worth $20,569,000 after purchasing an additional 106,926 shares during the period. Ovata Capital Management Ltd boosted its stake in Bowman Consulting Group by 189.9% during 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 in the last quarter. Summit Creek Advisors LLC boosted its position in shares of Bowman Consulting Group by 19.0% during the 1st quarter. Summit Creek Advisors LLC now owns 300,253 shares of the company's stock valued at $10,446,000 after purchasing an additional 47,844 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC boosted its stake in shares of Bowman Consulting Group by 28.3% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 188,724 shares of the company's stock worth $6,566,000 after acquiring an additional 41,669 shares in the last quarter. Hedge funds and other institutional investors own 63.20% of the company's stock.

Bowman Consulting Group Stock Up 0.4 %

Shares of BWMN traded up $0.09 during mid-day trading on Monday, hitting $21.67. 86,256 shares of the company's stock were exchanged, compared to its average volume of 95,536. The company has a 50-day simple moving average of $22.75 and a 200 day simple moving average of $28.10. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.26 and a quick ratio of 1.26. The company has a market cap of $394.39 million, a PE ratio of -28.89 and a beta of 1.12. Bowman Consulting Group Ltd. has a 52 week low of $19.92 and a 52 week high of $42.90.

Bowman Consulting Group (NASDAQ:BWMN - Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.02 by ($0.10). The company had revenue of $104.50 million for the quarter, compared to the consensus estimate of $113.01 million. Bowman Consulting Group had a positive return on equity of 4.40% and a negative net margin of 2.67%. On average, research analysts forecast that Bowman Consulting Group Ltd. will post -0.36 earnings per share for the current fiscal year.

Insider Transactions at Bowman Consulting Group

In other Bowman Consulting Group news, insider Robert Alan Hickey sold 1,444 shares of the business's stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $22.09, for a total value of $31,897.96. Following the completion of the sale, the insider now owns 196,888 shares of the company's stock, valued at $4,349,255.92. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Robert Alan Hickey sold 1,444 shares of the stock in a transaction on Friday, October 18th. The stock was 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 approximately $4,349,255.92. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Gary Bowman sold 4,002 shares of the business'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 owns 919,500 shares of the company's stock, valued at $22,141,560. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,402 shares of company stock worth $242,343. Company insiders own 20.40% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on BWMN. Roth Mkm dropped their price objective 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 cut their target price on Bowman Consulting Group from $37.00 to $29.00 and set an "outperform" rating for the company in a research note on Thursday, August 8th. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $40.10.

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.