Pembroke Management LTD Lowers Stake in Bowman Consulting Group Ltd. (NASDAQ:BWMN)

Pembroke Management LTD lowered its stake in shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN - Free Report) by 35.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 461,322 shares of the company's stock after selling 250,326 shares during the period. Pembroke Management LTD owned 2.63% of Bowman Consulting Group worth $11,510,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. FMR LLC raised its position in shares of Bowman Consulting Group by 5.0% during the third 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. Polar Asset Management Partners Inc. raised its position in shares of Bowman Consulting Group by 16.3% during the third quarter. Polar Asset Management Partners Inc. now owns 482,847 shares of the company's stock valued at $11,627,000 after buying an additional 67,708 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Bowman Consulting Group by 9.0% during the third quarter. Geode Capital Management LLC now owns 326,306 shares of the company's stock valued at $7,859,000 after buying an additional 27,056 shares during the last quarter. State Street Corp raised its position in shares of Bowman Consulting Group by 5.8% during the third quarter. State Street Corp now owns 255,259 shares of the company's stock valued at $6,147,000 after buying an additional 13,904 shares during the last quarter. Finally, Swedbank AB bought a new stake in shares of Bowman Consulting Group during the fourth quarter valued at approximately $4,990,000. Institutional investors own 63.20% of the company's stock.

Bowman Consulting Group Price Performance

BWMN traded down $0.22 during trading hours on Friday, hitting $20.78. The company's stock had a trading volume of 76,079 shares, compared to its average volume of 56,791. The business's 50-day moving average price is $24.62 and its 200-day moving average price is $24.27. Bowman Consulting Group Ltd. has a 12 month low of $19.92 and a 12 month high of $42.90. The stock has a market cap of $364.27 million, a price-to-earnings ratio of -26.30 and a beta of 1.28. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.16.

Analysts Set New Price Targets

Separately, Robert W. Baird reduced 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 issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $39.70.

Insider Buying and Selling

In other Bowman Consulting Group news, insider Robert Alan Hickey sold 2,500 shares of Bowman Consulting Group 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 transaction, the insider now directly owns 188,177 shares of the company's stock, valued at $4,226,455.42. The trade was a 1.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Stephen A. Riddick sold 2,288 shares of Bowman Consulting Group stock in a transaction on Friday, December 6th. The stock was sold at an average price of $28.60, for a total transaction of $65,436.80. Following the transaction, the director now directly owns 20,248 shares of the company's stock, valued at $579,092.80. The trade was a 10.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 20.40% of the stock is currently owned by company insiders.

Bowman Consulting Group Company 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.