Bowman Consulting Group Ltd. (NASDAQ:BWMN) Sees Large Decline in Short Interest

Bowman Consulting Group Ltd. (NASDAQ:BWMN) saw a large decline in short interest in the month of February. As of February 13th, there was short interest totaling 309,303 shares, a decline of 20.0% from the January 29th total of 386,784 shares. Approximately 2.2% of the shares of the company are short sold. Based on an average daily trading volume, of 105,397 shares, the short-interest ratio is currently 2.9 days. Based on an average daily trading volume, of 105,397 shares, the short-interest ratio is currently 2.9 days. Approximately 2.2% of the shares of the company are short sold.

Bowman Consulting Group Stock Performance

NASDAQ:BWMN opened at $32.57 on Wednesday. The firm has a market capitalization of $565.74 million, a PE ratio of 35.02, a price-to-earnings-growth ratio of 1.99 and a beta of 1.34. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.14. Bowman Consulting Group has a 12-month low of $17.90 and a 12-month high of $45.83. The firm has a 50-day moving average price of $34.44 and a 200 day moving average price of $37.65.

Insider Activity at Bowman Consulting Group

In other news, CEO Gary Bowman sold 12,500 shares of the firm’s stock in a transaction on Wednesday, January 21st. The shares were sold at an average price of $35.37, for a total value of $442,125.00. Following the sale, the chief executive officer owned 879,943 shares in the company, valued at approximately $31,123,583.91. This trade represents a 1.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders sold 40,000 shares of company stock worth $1,412,400 in the last three months. 17.42% of the stock is owned by insiders.

Institutional Investors Weigh In On Bowman Consulting Group

Several institutional investors and hedge funds have recently made changes to their positions in the company. State of Alaska Department of Revenue bought a new stake in shares of Bowman Consulting Group in the 3rd quarter worth about $40,000. Ameritas Investment Partners Inc. boosted its holdings in shares of Bowman Consulting Group by 28.4% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,435 shares of the company’s stock worth $41,000 after acquiring an additional 317 shares in the last quarter. New York State Teachers Retirement System acquired a new stake in Bowman Consulting Group during the 4th quarter valued at $42,000. Tower Research Capital LLC TRC increased its holdings in Bowman Consulting Group by 244.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,301 shares of the company’s stock valued at $66,000 after purchasing an additional 1,633 shares in the last quarter. Finally, AlphaQuest LLC bought a new position in Bowman Consulting Group in the 2nd quarter valued at $103,000. Institutional investors and hedge funds own 63.20% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on BWMN shares. Zacks Research downgraded shares of Bowman Consulting Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 4th. JPMorgan Chase & Co. assumed coverage on shares of Bowman Consulting Group in a research note on Friday, January 9th. They issued a “neutral” rating and a $40.00 target price for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Bowman Consulting Group in a research report on Monday, December 29th. Roth Mkm upped their price target on Bowman Consulting Group from $45.00 to $50.00 and gave the company a “buy” rating in a report on Monday, December 8th. Finally, Wall Street Zen raised Bowman Consulting Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 14th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $40.90.

Bowman Consulting Group Company Profile

Bowman Consulting Group Ltd. (NASDAQ: BWMN) is a multidisciplinary professional services firm that provides engineering, environmental, planning and surveying services to public and private sector clients. Its service offerings encompass civil, geotechnical and environmental engineering; land development planning and permitting; construction management; survey and geospatial services; and ecological and water resources consulting. The firm supports infrastructure, real estate, energy, utilities and telecommunications projects, delivering site characterization, design, permitting and construction-phase oversight.

Since its founding in 1980, Bowman Consulting Group has grown organically and through strategic acquisitions to expand its technical capabilities and geographic footprint.