Bowman Consulting Group Ltd. (NASDAQ:BWMN) Short Interest Up 24.4% in March

Bowman Consulting Group Ltd. (NASDAQ:BWMN) saw a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 421,405 shares, a growth of 24.4% from the February 26th total of 338,641 shares. Based on an average trading volume of 192,250 shares, the days-to-cover ratio is currently 2.2 days. Approximately 3.0% of the company’s stock are sold short.

Bowman Consulting Group Stock Performance

BWMN traded up $1.38 on Wednesday, reaching $29.82. The company had a trading volume of 32,727 shares, compared to its average volume of 157,548. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.22. Bowman Consulting Group has a 1 year low of $20.24 and a 1 year high of $45.83. The stock has a market capitalization of $510.52 million, a PE ratio of 42.00, a P/E/G ratio of 1.65 and a beta of 1.34. The stock has a 50-day moving average price of $31.94 and a 200-day moving average price of $35.90.

Bowman Consulting Group (NASDAQ:BWMN) last posted its earnings results on Wednesday, March 4th. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.07. The business had revenue of $128.96 million for the quarter, compared to analysts’ expectations of $129.12 million. Bowman Consulting Group had a return on equity of 4.78% and a net margin of 2.48%.

Insider Transactions at Bowman Consulting Group

In other Bowman Consulting Group news, CEO Gary Bowman sold 12,500 shares of the business’s stock in a transaction that occurred on Wednesday, January 21st. The shares were sold at an average price of $35.37, for a total transaction of $442,125.00. Following the completion of the transaction, the chief executive officer owned 879,943 shares in the company, valued at $31,123,583.91. The trade was a 1.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 17.42% of the stock is owned by corporate insiders.

Institutional Trading of Bowman Consulting Group

Institutional investors and hedge funds have recently bought and sold shares of the business. State of Alaska Department of Revenue purchased a new stake in shares of Bowman Consulting Group in the third quarter valued at approximately $40,000. New York State Teachers Retirement System purchased a new stake in shares of Bowman Consulting Group during the 4th quarter worth $42,000. Ameritas Investment Partners Inc. boosted its position in shares of Bowman Consulting Group by 28.4% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,435 shares of the company’s stock worth $41,000 after purchasing an additional 317 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Bowman Consulting Group by 244.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,301 shares of the company’s stock worth $66,000 after purchasing an additional 1,633 shares during the period. Finally, Quantbot Technologies LP purchased a new position in shares of Bowman Consulting Group in the 3rd quarter valued at about $175,000. Hedge funds and other institutional investors own 63.20% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on BWMN. Roth Mkm boosted their target price on shares of Bowman Consulting Group from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, December 8th. JPMorgan Chase & Co. started coverage on Bowman Consulting Group in a report on Friday, January 9th. They set a “neutral” rating and a $40.00 price target for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bowman Consulting Group in a research report on Friday. Zacks Research downgraded Bowman Consulting Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 4th. Finally, Wall Street Zen lowered Bowman Consulting Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 7th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $45.50.

About Bowman Consulting Group

Bowman Consulting Group Ltd. (NASDAQ: BWMN) is a multidisciplinary professional services firm that provides engineering, environmental, planning and surveying services to public and private sector clients. Its service offerings encompass civil, geotechnical and environmental engineering; land development planning and permitting; construction management; survey and geospatial services; and ecological and water resources consulting. The firm supports infrastructure, real estate, energy, utilities and telecommunications projects, delivering site characterization, design, permitting and construction-phase oversight.

Since its founding in 1980, Bowman Consulting Group has grown organically and through strategic acquisitions to expand its technical capabilities and geographic footprint.