Bailard Inc. Acquires New Position in Bowman Consulting Group Ltd. $BWMN

Bailard Inc. bought a new position in Bowman Consulting Group Ltd. (NASDAQ:BWMN) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 9,281 shares of the company’s stock, valued at approximately $267,000. Bailard Inc. owned approximately 0.05% of Bowman Consulting Group at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Brooklyn Investment Group purchased a new stake in shares of Bowman Consulting Group in the first quarter valued at approximately $45,000. AlphaQuest LLC purchased a new stake in shares of Bowman Consulting Group in the 2nd quarter worth $103,000. Emerald Advisers LLC grew its position in shares of Bowman Consulting Group by 105.9% during the 2nd quarter. Emerald Advisers LLC now owns 6,333 shares of the company’s stock worth $182,000 after buying an additional 3,257 shares in the last quarter. Comerica Bank increased its stake in shares of Bowman Consulting Group by 7.0% during the first quarter. Comerica Bank now owns 11,532 shares of the company’s stock valued at $252,000 after buying an additional 751 shares during the period. Finally, Jane Street Group LLC bought a new stake in shares of Bowman Consulting Group in the first quarter valued at about $287,000. 63.20% of the stock is owned by hedge funds and other institutional investors.

Bowman Consulting Group Price Performance

Shares of BWMN opened at $34.57 on Friday. The company has a market cap of $600.48 million, a price-to-earnings ratio of 37.17, a price-to-earnings-growth ratio of 2.14 and a beta of 1.31. Bowman Consulting Group Ltd. has a twelve month low of $17.90 and a twelve month high of $45.83. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.14. The company has a 50 day moving average of $41.40 and a two-hundred day moving average of $34.74.

Bowman Consulting Group (NASDAQ:BWMN) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.23. Bowman Consulting Group had a return on equity of 6.30% and a net margin of 3.33%.The business had revenue of $112.09 million for the quarter, compared to the consensus estimate of $130.45 million. Bowman Consulting Group has set its FY 2025 guidance at EPS.

Insiders Place Their Bets

In other news, CEO Gary Bowman sold 12,500 shares of the company’s stock in a transaction dated Wednesday, September 24th. The shares were sold at an average price of $42.39, for a total transaction of $529,875.00. Following the transaction, the chief executive officer owned 919,024 shares in the company, valued at $38,957,427.36. This represents a 1.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Stephen A. Riddick sold 3,000 shares of the stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $41.04, for a total transaction of $123,120.00. Following the completion of the transaction, the director directly owned 18,461 shares of the company’s stock, valued at $757,639.44. The trade was a 13.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 64,350 shares of company stock valued at $2,728,816. 17.42% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

BWMN has been the topic of several recent research reports. Zacks Research cut shares of Bowman Consulting Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 7th. B. Riley increased their price objective on shares of Bowman Consulting Group from $43.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, August 29th. Weiss Ratings reissued a “hold (c)” rating on shares of Bowman Consulting Group in a report on Wednesday, October 8th. Finally, Wall Street Zen upgraded Bowman Consulting Group from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 9th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $38.17.

About Bowman Consulting Group

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.