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

Bowman Consulting Group Ltd. (NASDAQ:BWMNGet Rating) was the target of a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 13,800 shares, an increase of 53.3% from the March 31st total of 9,000 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily volume of 35,700 shares, the short-interest ratio is presently 0.4 days.

Shares of NASDAQ BWMN opened at $16.69 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.26 and a current ratio of 2.26. The company has a market cap of $210.13 million and a PE ratio of 238.43. The business has a 50-day simple moving average of $16.54 and a two-hundred day simple moving average of $17.65. Bowman Consulting Group has a fifty-two week low of $12.60 and a fifty-two week high of $22.82.

Bowman Consulting Group (NASDAQ:BWMNGet Rating) last issued its quarterly earnings results on Monday, March 21st. The company reported ($0.07) earnings per share for the quarter, hitting the consensus estimate of ($0.07). Bowman Consulting Group had a return on equity of 2.54% and a net margin of 0.07%. On average, sell-side analysts predict that Bowman Consulting Group will post 0.17 earnings per share for the current fiscal year.

Several brokerages have recently commented on BWMN. Zacks Investment Research lowered Bowman Consulting Group from a “buy” rating to a “hold” rating in a research note on Monday, March 7th. DA Davidson lifted their target price on Bowman Consulting Group from $23.00 to $26.00 and gave the company a “buy” rating in a research note on Thursday, January 6th. Finally, B. Riley lifted their target price on Bowman Consulting Group from $25.00 to $26.00 and gave the company a “buy” rating in a research note on Wednesday, March 23rd.

In other news, CEO Gary Bowman sold 75,000 shares of the firm’s stock in a transaction on Friday, February 11th. The stock was sold at an average price of $16.00, for a total transaction of $1,200,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Michael Bruen sold 1,800 shares of the firm’s stock in a transaction on Wednesday, March 9th. The shares were sold at an average price of $17.05, for a total value of $30,690.00. The disclosure for this sale can be found here.

Hedge funds and other institutional investors have recently modified their holdings of the business. Morgan Stanley acquired a new stake in Bowman Consulting Group in the second quarter worth about $51,000. BlackRock Inc. lifted its holdings in shares of 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 acquired a new stake in shares of Bowman Consulting Group during the fourth quarter worth about $468,000. Renaissance Technologies LLC acquired a new stake in shares of Bowman Consulting Group during the fourth quarter worth about $654,000. Finally, Ameritas Advisory Services LLC acquired a new stake in shares of Bowman Consulting Group during the fourth quarter worth about $1,044,000. 55.40% of the stock is owned by institutional investors and hedge funds.

About Bowman Consulting Group (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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