Bowman Consulting Group Ltd. (NASDAQ:BWMN) Short Interest Update

Bowman Consulting Group Ltd. (NASDAQ:BWMN - Get Free Report) was the target of a significant growth in short interest in December. As of December 15th, there was short interest totalling 461,600 shares, a growth of 9.4% from the November 30th total of 421,900 shares. Approximately 3.3% of the company's stock are short sold. Based on an average daily volume of 82,800 shares, the short-interest ratio is presently 5.6 days.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird cut their target price on shares of Bowman Consulting Group from $29.00 to $27.00 and set an "outperform" rating on the stock in a report on Friday, November 8th. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $39.70.

Insider Buying and Selling

In other Bowman Consulting Group news, insider Robert Alan Hickey sold 1,444 shares of the stock in a transaction on Friday, October 18th. The shares were 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 0.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephen A. Riddick sold 2,288 shares of Bowman Consulting Group stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $28.60, for a total transaction of $65,436.80. Following the completion of the transaction, the director now directly owns 20,248 shares of the company's stock, valued at $579,092.80. This trade represents a 10.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,788 shares of company stock worth $120,641. Corporate insiders own 20.40% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of BWMN. FMR LLC grew its position in Bowman Consulting Group by 5.0% in the 3rd 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 in the last quarter. Pembroke Management LTD increased its stake in shares of Bowman Consulting Group by 19.8% during the second quarter. Pembroke Management LTD now owns 647,031 shares of the company's stock valued at $20,569,000 after acquiring an additional 106,926 shares during the period. Emerald Mutual Fund Advisers Trust raised its holdings in Bowman Consulting Group by 87.4% during the second quarter. Emerald Mutual Fund Advisers Trust now owns 187,410 shares of the company's stock worth $5,958,000 after purchasing an additional 87,410 shares in the last quarter. Polar Asset Management Partners Inc. lifted its position in Bowman Consulting Group by 16.3% in the third quarter. Polar Asset Management Partners Inc. now owns 482,847 shares of the company's stock worth $11,627,000 after purchasing an additional 67,708 shares during the period. Finally, 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. Institutional investors own 63.20% of the company's stock.

Bowman Consulting Group Stock Performance

Shares of BWMN traded down $0.21 during mid-day trading on Tuesday, reaching $24.95. 56,460 shares of the company's stock traded hands, compared to its average volume of 93,438. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.43 and a current ratio of 1.43. The business's 50-day moving average price is $25.06 and its 200-day moving average price is $26.42. The stock has a market capitalization of $437.37 million, a P/E ratio of -31.58 and a beta of 1.26. Bowman Consulting Group has a 12 month low of $19.92 and a 12 month high of $42.90.

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.