Bowman Consulting Group Ltd. (NASDAQ:BWMN – received rating) saw short interest rates fall sharply in March. As of March 31, there was short interest totaling 9,000 shares, down 22.4% from the March 15 total of 11,600 shares. Based on an average trading volume of 36,600 shares, the short interest rate ratio is currently 0.2 days. Approximately 0.1% of the company’s stock is sold short.
Several research companies have recently published reports on BWMN. Zacks Investment Research downgraded shares of Bowman Consulting Group from a “buy” rating to a “hold” rating in a report dated Monday, March 7th. DA Davidson increased its price target on shares of Bowman Consulting Group to $26.00 from $23.00 and gave the stock a “buy” rating in a report on Thursday, January 6. Finally, B. Riley increased his price target on Bowman Consulting Group stock to $26.00 from $25.00 and gave the stock a “buy” rating in a report on Wednesday, March.
In other news from the Bowman Consulting Group, CEO Gary Bowman sold 75,000 shares of the company’s stock in a transaction that took place on Friday, February 11. The shares were sold at an average price of $16.00 for a total value of $1,200,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed here this link. Also, COO Michael Bruen sold 1,800 shares of the company’s stock in a transaction that took place on Wednesday, March 9th. The stock sold at an average price of $17.05 for a total transaction of $30,690.00. Disclosure for this sale can be found here.
A number of institutional investors have recently changed their holdings in BWMN. Morgan Stanley acquired a new $51,000 stake in Bowman Consulting Group during the second quarter. Skylands Capital LLC increased its stake in Bowman Consulting Group shares by 42.9% in the third quarter. Skylands Capital LLC now owns 86,050 shares of the company’s stock valued at $1,183,000 after purchasing an additional 25,850 shares last quarter. Russell Investments Group Ltd. increased its stake in Bowman Consulting Group shares by 20.2% in the third quarter. Russell Investments Group Ltd. now owns 70,272 shares of the company’s stock valued at $965,000 after purchasing an additional 11,831 shares last quarter. BlackRock Inc. increased its stake in Bowman Consulting Group by 8.8% during the third quarter. BlackRock Inc. now owns 9,298 shares of the company’s stock valued at $128,000 after purchasing an additional 755 shares last quarter. Finally, Wasatch Advisors Inc. increased its stake in Bowman Consulting Group stock by 3.1% during the third quarter. Wasatch Advisors Inc. now owns 759,457 shares of the company’s stock valued at $10,443,000 after purchasing an additional 22,957 shares last quarter. 55.40% of the shares are owned by hedge funds and other institutional investors.
shares of Bowman Consulting Group shares opened at $17.74 on Monday. The company has a gearing ratio of 0.23, a current ratio of 2.26 and a quick ratio of 2.26. Bowman Consulting Group has a 52-week low of $12.60 and a 52-week high of $22.82. The company has a 50-day moving average price of $16.51 and a 200-day moving average price of $17.46. The company has a market cap of $223.22 million and a P/E of 253.43.
Bowman Advisory Group (NASDAQ:BWMN – received rating) last released its quarterly results on Monday, March 21st. The company reported earnings per share of ($0.07) for the quarter, meeting analyst consensus estimates of ($0.07). Bowman Consulting Group had a net margin of 0.07% and a return on equity of 2.54%. Analysts expect Bowman Consulting Group to report earnings per share of 0.17 for the current fiscal year.
About Bowman Consulting Group (received rating)
Bowman Consulting Group Ltd., a consulting firm, provides a range of real estate, energy, infrastructure and environmental management solutions throughout the United States. It offers civil and civil engineering services such as: B. conceptual land planning, environmental advice and permitting, planning/zoning and occupancy rights, roadway and highway designs, erosion and sediment designs, stormwater management designs, works administration, traffic studies, flood studies and utility services relocation designs; and commissioning and energy efficiency services include construction supervision, direct system functional performance testing, system development readiness checklist, post-occupancy review, construction documentation review, delayed/seasonal functional testing, final commissioning report, and review of commissioning submissions.
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