Grandeur Peak Global Advisors LLC Takes Position in Bowman Consulting Group Ltd. $BWMN

Grandeur Peak Global Advisors LLC acquired a new position in Bowman Consulting Group Ltd. (NASDAQ:BWMN) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 27,351 shares of the company’s stock, valued at approximately $799,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Royal Bank of Canada raised its stake in Bowman Consulting Group by 51.0% during the 1st quarter. Royal Bank of Canada now owns 48,613 shares of the company’s stock valued at $1,061,000 after purchasing an additional 16,421 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Bowman Consulting Group by 4.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 50,176 shares of the company’s stock worth $1,095,000 after purchasing an additional 2,203 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Bowman Consulting Group during the 1st quarter worth about $287,000. JPMorgan Chase & Co. increased its holdings in shares of Bowman Consulting Group by 40.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 9,128 shares of the company’s stock worth $262,000 after purchasing an additional 2,608 shares during the period. Finally, Rhumbline Advisers raised its position in shares of Bowman Consulting Group by 8.2% during the second quarter. Rhumbline Advisers now owns 20,369 shares of the company’s stock valued at $586,000 after buying an additional 1,540 shares during the last quarter. Institutional investors own 63.20% of the company’s stock.

Insider Buying and Selling

In other Bowman Consulting Group news, Director Patricia Mulroy sold 883 shares of Bowman Consulting Group stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $42.37, for a total transaction of $37,412.71. Following the sale, the director directly owned 26,330 shares of the company’s stock, valued at approximately $1,115,602.10. The trade was a 3.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 17.50% of the stock is currently owned by corporate insiders.

Bowman Consulting Group Stock Performance

Shares of BWMN stock opened at $42.52 on Friday. The firm has a fifty day moving average of $31.80 and a 200-day moving average of $31.53. The stock has a market cap of $737.13 million, a price-to-earnings ratio of 106.30 and a beta of 1.36. Bowman Consulting Group Ltd. has a 52-week low of $25.07 and a 52-week high of $45.83. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.90 and a current ratio of 0.90.

Bowman Consulting Group (NASDAQ:BWMN) last issued its earnings results on Monday, August 10th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.15. The business had revenue of $146.13 million for the quarter, compared to analyst estimates of $129.35 million. Bowman Consulting Group had a net margin of 1.30% and a return on equity of 2.67%. On average, equities research analysts forecast that Bowman Consulting Group Ltd. will post 0.75 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently weighed in on BWMN. Capital One Financial set a $43.00 target price on shares of Bowman Consulting Group in a research note on Tuesday, August 11th. Weiss Ratings upgraded Bowman Consulting Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday. Wolfe Research set a $43.00 price target on Bowman Consulting Group in a report on Tuesday, August 11th. Roth Capital downgraded Bowman Consulting Group from a “buy” rating to a “neutral” rating and set a $43.00 price objective for the company. in a research report on Wednesday, August 12th. Finally, Texas Capital lowered Bowman Consulting Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 11th. Seven analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $44.71.

Bowman Consulting Group Company Profile

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.