Swedbank AB Takes $4.99 Million Position in Bowman Consulting Group Ltd. (NASDAQ:BWMN)

Swedbank AB bought a new stake in shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 200,000 shares of the company's stock, valued at approximately $4,990,000. Swedbank AB owned 1.14% of Bowman Consulting Group as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Quantbot Technologies LP lifted its position in Bowman Consulting Group by 115.6% in the third quarter. Quantbot Technologies LP now owns 3,893 shares of the company's stock worth $94,000 after buying an additional 2,087 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in Bowman Consulting Group in the second quarter worth about $96,000. SG Americas Securities LLC acquired a new stake in Bowman Consulting Group in the fourth quarter worth about $147,000. Acorn Financial Advisory Services Inc. ADV purchased a new stake in Bowman Consulting Group in the third quarter valued at approximately $217,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in Bowman Consulting Group in the second quarter valued at approximately $404,000. Hedge funds and other institutional investors own 63.20% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird cut their target price on Bowman Consulting Group from $29.00 to $27.00 and set an "outperform" rating for the company in a research note 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 a consensus price target of $39.70.

Bowman Consulting Group Stock Down 1.7 %

Shares of NASDAQ:BWMN traded down $0.43 during midday trading on Wednesday, hitting $25.22. 98,853 shares of the stock were exchanged, compared to its average volume of 53,402. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.43 and a current ratio of 1.43. Bowman Consulting Group Ltd. has a 52-week low of $19.92 and a 52-week high of $42.90. The business's fifty day simple moving average is $25.83 and its two-hundred day simple moving average is $25.16. The company has a market capitalization of $442.11 million, a PE ratio of -31.92, a P/E/G ratio of 5.67 and a beta of 1.28.

Insider Transactions at Bowman Consulting Group

In related news, Director Stephen A. Riddick sold 2,288 shares of the business's stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $28.60, for a total value of $65,436.80. Following the completion of the transaction, the director now owns 20,248 shares in the company, valued at $579,092.80. The trade was a 10.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 20.40% of the stock is currently owned by corporate 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.