Kestra Advisory Services LLC Invests $1.11 Million in Bowman Consulting Group Ltd. (NASDAQ:BWMN)

Kestra Advisory Services LLC purchased a new stake in shares of Bowman Consulting Group Ltd. (NASDAQ:BWMNGet Rating) during the third quarter, HoldingsChannel reports. The institutional investor purchased 76,305 shares of the company’s stock, valued at approximately $1,114,000.

Several other institutional investors also recently bought and sold shares of BWMN. Bank of America Corp DE acquired a new position in shares of Bowman Consulting Group during the 1st quarter valued at $25,367,000. Pembroke Management LTD lifted its stake in shares of Bowman Consulting Group by 1.1% during the third quarter. Pembroke Management LTD now owns 754,801 shares of the company’s stock worth $11,020,000 after purchasing an additional 8,258 shares in the last quarter. Wasatch Advisors Inc. boosted its position in shares of Bowman Consulting Group by 0.7% in the first quarter. Wasatch Advisors Inc. now owns 709,093 shares of the company’s stock worth $11,657,000 after buying an additional 4,895 shares during the period. Vanguard Group Inc. grew its stake in shares of Bowman Consulting Group by 37.5% in the first quarter. Vanguard Group Inc. now owns 353,447 shares of the company’s stock valued at $5,811,000 after buying an additional 96,469 shares in the last quarter. Finally, Kennedy Capital Management Inc. lifted its position in Bowman Consulting Group by 3.9% during the 2nd quarter. Kennedy Capital Management Inc. now owns 265,001 shares of the company’s stock worth $3,270,000 after acquiring an additional 10,008 shares in the last quarter. 38.97% of the stock is currently owned by hedge funds and other institutional investors.

Bowman Consulting Group Stock Performance

Bowman Consulting Group stock opened at $24.07 on Wednesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.99 and a quick ratio of 1.99. The firm’s fifty day moving average price is $20.47 and its 200 day moving average price is $16.88. The company has a market capitalization of $320.18 million, a price-to-earnings ratio of 89.15 and a beta of 1.00. Bowman Consulting Group Ltd. has a 12-month low of $10.76 and a 12-month high of $24.25.

Bowman Consulting Group (NASDAQ:BWMNGet Rating) last announced its earnings results on Thursday, November 10th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.12. Bowman Consulting Group had a return on equity of 4.10% and a net margin of 1.50%. The company had revenue of $71.25 million during the quarter, compared to the consensus estimate of $64.44 million. On average, research analysts forecast that Bowman Consulting Group Ltd. will post 0.56 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, DA Davidson upped their price target on Bowman Consulting Group to $28.00 in a report on Wednesday, November 16th.

Insiders Place Their Bets

In other news, CEO Gary Bowman sold 10,401 shares of the stock in a transaction that occurred on Tuesday, January 3rd. The stock was sold at an average price of $20.65, for a total transaction of $214,780.65. Following the completion of the transaction, the chief executive officer now directly owns 1,098,749 shares in the company, valued at approximately $22,689,166.85. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, COO Michael Bruen sold 2,500 shares of the business’s stock in a transaction dated Thursday, December 8th. The stock was sold at an average price of $19.58, for a total value of $48,950.00. Following the completion of the sale, the chief operating officer now directly owns 503,330 shares of the company’s stock, valued at $9,855,201.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Gary Bowman sold 10,401 shares of the stock in a transaction that occurred on Tuesday, January 3rd. The stock was sold at an average price of $20.65, for a total value of $214,780.65. Following the transaction, the chief executive officer now directly owns 1,098,749 shares in the company, valued at approximately $22,689,166.85. The disclosure for this sale can be found here. Insiders have sold 24,203 shares of company stock worth $483,313 in the last three months. 30.70% of the stock is owned by insiders.

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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Institutional Ownership by Quarter for Bowman Consulting Group (NASDAQ:BWMN)

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