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

Marion Steward

Bowman Consulting Group Ltd. (NASDAQ:BWMNGet Rating) was the recipient of a large decline in short interest in the month of April. As of April 30th, there was short interest totalling 8,600 shares, a decline of 37.7% from the April 15th total of 13,800 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 30,000 shares, the short-interest ratio is presently 0.3 days.

In other news, COO Michael Bruen sold 1,800 shares of the company’s stock in a transaction dated Wednesday, March 9th. The stock was sold at an average price of $17.05, for a total value of $30,690.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Robert Alan Hickey sold 2,500 shares of the company’s stock in a transaction dated Friday, May 6th. The shares were sold at an average price of $17.02, for a total value of $42,550.00. Following the completion of the transaction, the insider now owns 260,688 shares in the company, valued at approximately $4,436,909.76. The disclosure for this sale can be found here. 30.70% of the stock is currently owned by insiders.

Institutional investors have recently made changes to their positions in the business. Morgan Stanley bought a new stake in Bowman Consulting Group during the second quarter worth approximately $51,000. BlackRock Inc. boosted its position in Bowman Consulting Group by 8.8% during the third quarter. BlackRock Inc. now owns 9,298 shares of the company’s stock worth $128,000 after purchasing an additional 755 shares during the period. Geode Capital Management LLC bought a new stake in Bowman Consulting Group during the fourth quarter worth approximately $468,000. Boston Partners boosted its position in Bowman Consulting Group by 53.6% during the first quarter. Boston Partners now owns 24,360 shares of the company’s stock worth $400,000 after purchasing an additional 8,500 shares during the period. Finally, Renaissance Technologies LLC bought a new stake in Bowman Consulting Group during the fourth quarter worth approximately $654,000. 64.18% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:BWMN opened at $16.95 on Friday. The stock’s 50 day moving average price is $16.42 and its 200 day moving average price is $17.75. Bowman Consulting Group has a 52 week low of $12.61 and a 52 week high of $22.82. The company has a market capitalization of $213.40 million and a P/E ratio of 847.92. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.26 and a current ratio of 2.26.

Bowman Consulting Group (NASDAQ:BWMNGet Rating) last released its quarterly earnings data on Wednesday, May 11th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.15. Bowman Consulting Group had a return on equity of 2.89% and a net margin of 0.41%. During the same period in the prior year, the company earned $0.17 EPS. As a group, sell-side analysts forecast that Bowman Consulting Group will post 0.17 earnings per share for the current fiscal year.

A number of equities analysts have recently weighed in on the company. B. Riley upped their target price on Bowman Consulting Group from $25.00 to $26.00 and gave the company a “buy” rating in a report on Wednesday, March 23rd. Zacks Investment Research downgraded Bowman Consulting Group from a “buy” rating to a “hold” rating in a report on Monday, March 7th.

Bowman Consulting Group Company Profile (Get Rating)

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.

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

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