Royce & Associates LP Decreases Position in Bowman Consulting Group Ltd. (NASDAQ:BWMN)

Royce & Associates LP cut its position in shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN - Free Report) by 29.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 170,705 shares of the company's stock after selling 70,000 shares during the period. Royce & Associates LP owned approximately 0.94% of Bowman Consulting Group worth $4,111,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Russell Investments Group Ltd. lifted its holdings in shares of Bowman Consulting Group by 33.8% in the 1st quarter. Russell Investments Group Ltd. now owns 66,348 shares of the company's stock valued at $2,308,000 after acquiring an additional 16,761 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Bowman Consulting Group by 28.0% in the 1st 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 last quarter. Quadrature Capital Ltd purchased a new position in shares of Bowman Consulting Group in the 1st quarter worth approximately $620,000. Price T Rowe Associates Inc. MD increased its position in shares of Bowman Consulting Group by 4.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,425 shares of the company's stock valued at $294,000 after purchasing an additional 393 shares during the last quarter. Finally, Silvercrest Asset Management Group LLC raised its holdings in 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 valued at $6,566,000 after buying an additional 41,669 shares during the period. 63.20% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, 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 sale, the chief executive officer now owns 919,500 shares of the company's stock, valued at $22,141,560. This trade represents a 0.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Robert Alan Hickey sold 1,444 shares of Bowman Consulting Group 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 transaction, the insider now owns 196,888 shares in the company, valued at $4,349,255.92. This trade represents a 0.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,202 shares of company stock worth $168,400 in the last ninety days. 20.40% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on BWMN shares. Roth Mkm cut 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 report on Thursday, August 8th. Robert W. Baird dropped their target price on Bowman Consulting Group from $29.00 to $27.00 and set an "outperform" rating for the company 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 company's stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $39.70.

Bowman Consulting Group Trading Up 4.0 %

Shares of NASDAQ:BWMN traded up $1.00 during trading on Tuesday, reaching $26.30. 62,792 shares of the company were exchanged, compared to its average volume of 96,173. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.43 and a quick ratio of 1.43. The firm has a market capitalization of $461.04 million, a PE ratio of -33.29 and a beta of 1.12. The business's fifty day simple moving average is $22.97 and its 200-day simple moving average is $27.51. Bowman Consulting Group Ltd. has a 12-month low of $19.92 and a 12-month high of $42.90.

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.