Byrne Asset Management LLC Buys New Position in Bowman Consulting Group Ltd. (NASDAQ:BWMN)

Byrne Asset Management LLC bought a new stake in shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 940 shares of the company’s stock, valued at approximately $33,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Norden Group LLC acquired a new stake in Bowman Consulting Group in the 1st quarter valued at about $207,000. Kestra Advisory Services LLC acquired a new stake in Bowman Consulting Group in the 3rd quarter valued at about $208,000. NBC Securities Inc. acquired a new stake in Bowman Consulting Group in the 4th quarter valued at about $214,000. Jump Financial LLC raised its position in Bowman Consulting Group by 7.5% in the 3rd quarter. Jump Financial LLC now owns 12,900 shares of the company’s stock valued at $362,000 after purchasing an additional 900 shares in the last quarter. Finally, Boston Partners raised its position in Bowman Consulting Group by 19.7% in the 3rd quarter. Boston Partners now owns 14,319 shares of the company’s stock valued at $401,000 after purchasing an additional 2,357 shares in the last quarter. 63.20% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Bowman Consulting Group news, CEO Gary Bowman sold 3,750 shares of Bowman Consulting Group stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $31.72, for a total transaction of $118,950.00. Following the transaction, the chief executive officer now owns 973,475 shares of the company’s stock, valued at $30,878,627. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Bowman Consulting Group news, CFO Bruce J. Labovitz sold 10,000 shares of Bowman Consulting Group stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $30.79, for a total value of $307,900.00. Following the transaction, the chief financial officer now directly owns 283,288 shares in the company, valued at approximately $8,722,437.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gary Bowman sold 3,750 shares of Bowman Consulting Group stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $31.72, for a total value of $118,950.00. Following the completion of the transaction, the chief executive officer now owns 973,475 shares in the company, valued at $30,878,627. The disclosure for this sale can be found here. Insiders have sold a total of 184,469 shares of company stock valued at $6,391,454 over the last quarter. Company insiders own 20.40% of the company’s stock.

Analyst Ratings Changes

BWMN has been the topic of a number of analyst reports. B. Riley reaffirmed a “buy” rating and issued a $47.00 price target (up previously from $44.00) on shares of Bowman Consulting Group in a research report on Wednesday, March 13th. TheStreet raised Bowman Consulting Group from a “c” rating to a “b-” rating in a research report on Wednesday, February 14th. DA Davidson increased their price target on Bowman Consulting Group from $36.00 to $45.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. Finally, Roth Mkm reissued a “buy” rating and set a $49.00 target price on shares of Bowman Consulting Group in a research report on Monday, April 8th. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $47.00.

Bowman Consulting Group Stock Down 2.4 %

Shares of NASDAQ BWMN traded down $0.80 during midday trading on Tuesday, hitting $32.49. 91,679 shares of the company’s stock were exchanged, compared to its average volume of 91,931. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.22 and a quick ratio of 1.22. Bowman Consulting Group Ltd. has a twelve month low of $25.52 and a twelve month high of $42.90. The company has a market cap of $500.67 million, a PE ratio of -62.48 and a beta of 1.19. The firm’s fifty day simple moving average is $34.32 and its 200-day simple moving average is $32.50.

Bowman Consulting Group (NASDAQ:BWMN) last issued its earnings results on Monday, March 11th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.38. Bowman Consulting Group had a positive return on equity of 5.14% and a negative net margin of 1.96%. The business had revenue of $92.97 million for the quarter, compared to analyst estimates of $88.68 million. Research analysts predict that Bowman Consulting Group Ltd. will post 0.68 EPS for the current fiscal year.

Bowman Consulting Group Profile

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.