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

Bowman Consulting Group Ltd. (NASDAQ:BWMNGet Rating) saw a significant decline in short interest during the month of May. As of May 15th, there was short interest totalling 6,200 shares, a decline of 27.9% from the April 30th total of 8,600 shares. Based on an average daily volume of 23,100 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the company’s shares are sold short.

Bowman Consulting Group stock opened at $15.35 on Friday. The stock has a market capitalization of $202.91 million and a price-to-earnings ratio of 767.88. Bowman Consulting Group has a 52-week low of $12.61 and a 52-week high of $22.82. The stock’s 50 day moving average price is $16.46 and its two-hundred day moving average price is $17.72. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.61 and a current ratio of 2.61.

Bowman Consulting Group (NASDAQ:BWMNGet Rating) last posted its quarterly earnings results on Wednesday, May 11th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.15. Bowman Consulting Group had a return on equity of 2.66% and a net margin of 0.41%. During the same quarter in the previous year, the business posted $0.17 EPS. On average, equities research analysts forecast that Bowman Consulting Group will post 0.38 EPS for the current year.

Several brokerages recently commented on BWMN. 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 upgraded Bowman Consulting Group from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a report on Tuesday, May 17th.

In other news, COO Michael Bruen sold 1,800 shares of the business’s stock in a transaction dated Wednesday, March 9th. The stock was sold at an average price of $17.05, for a total transaction of $30,690.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Robert Alan Hickey sold 2,500 shares of the company’s stock in a transaction that occurred on 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 sale, the insider now owns 260,688 shares in the company, valued at $4,436,909.76. The disclosure for this sale can be found here. Insiders own 30.70% of the company’s stock.

Several institutional investors have recently bought and sold shares of BWMN. Morgan Stanley acquired a new position in shares of Bowman Consulting Group during the second quarter worth approximately $51,000. BlackRock Inc. raised its position 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. Wasatch Advisors Inc. raised its position in shares of Bowman Consulting Group by 3.1% during the third quarter. Wasatch Advisors Inc. now owns 759,457 shares of the company’s stock worth $10,443,000 after purchasing an additional 22,957 shares during the period. Polar Asset Management Partners Inc. raised its position in shares of Bowman Consulting Group by 22.9% during the third quarter. Polar Asset Management Partners Inc. now owns 860,003 shares of the company’s stock worth $11,825,000 after purchasing an additional 160,003 shares during the period. Finally, Ameritas Advisory Services LLC acquired a new position in shares of Bowman Consulting Group during the fourth quarter worth approximately $1,044,000. Hedge funds and other institutional investors own 64.18% of the company’s stock.

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.

Featured Stories

Receive News & Ratings for Bowman Consulting Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bowman Consulting Group and related companies with MarketBeat.com's FREE daily email newsletter.