Perritt Capital Management Inc. Sells 2,800 Shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN)

Perritt Capital Management Inc. lowered its position in Bowman Consulting Group Ltd. (NASDAQ:BWMN) by 8.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,290 shares of the company’s stock after selling 2,800 shares during the period. Bowman Consulting Group accounts for 0.6% of Perritt Capital Management Inc.’s portfolio, making the stock its 26th largest holding. Perritt Capital Management Inc. owned about 0.22% of Bowman Consulting Group worth $1,147,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Kestra Advisory Services LLC bought a new position in shares of Bowman Consulting Group in the third quarter valued at approximately $208,000. NBC Securities Inc. bought a new position in Bowman Consulting Group in the 4th quarter worth approximately $214,000. Navellier & Associates Inc. raised its position in Bowman Consulting Group by 25.2% in the 3rd quarter. Navellier & Associates Inc. now owns 14,497 shares of the company’s stock worth $406,000 after purchasing an additional 2,915 shares during the last quarter. Millrace Asset Group Inc. raised its position in Bowman Consulting Group by 42.3% in the 3rd quarter. Millrace Asset Group Inc. now owns 33,827 shares of the company’s stock worth $948,000 after purchasing an additional 10,055 shares during the last quarter. Finally, Polen Capital Management LLC bought a new position in Bowman Consulting Group in the 4th quarter worth approximately $2,010,000. Institutional investors own 63.20% of the company’s stock.

Insider Activity at Bowman Consulting Group

In other Bowman Consulting Group news, CEO Gary Bowman sold 114,705 shares of the stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $34.00, for a total transaction of $3,899,970.00. Following the completion of the transaction, the chief executive officer now owns 977,225 shares in the company, valued at approximately $33,225,650. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Bowman Consulting Group news, CEO Gary Bowman sold 114,705 shares of the stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $34.00, for a total transaction of $3,899,970.00. Following the completion of the transaction, the chief executive officer now owns 977,225 shares in the company, valued at approximately $33,225,650. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Michael Bruen sold 5,000 shares of the stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $30.96, for a total value of $154,800.00. Following the transaction, the chief operating officer now owns 404,310 shares of the company’s stock, valued at approximately $12,517,437.60. The disclosure for this sale can be found here. Insiders sold a total of 178,199 shares of company stock worth $6,152,747 in the last quarter. Corporate insiders own 20.40% of the company’s stock.

Bowman Consulting Group Price Performance

BWMN opened at $30.98 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.16. Bowman Consulting Group Ltd. has a 12 month low of $25.52 and a 12 month high of $42.90. The company has a fifty day simple moving average of $31.58 and a 200 day simple moving average of $33.19. The stock has a market cap of $547.32 million, a P/E ratio of -46.24 and a beta of 1.17.

Bowman Consulting Group (NASDAQ:BWMN) last released its quarterly earnings data on Monday, May 6th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.18. Bowman Consulting Group had a negative net margin of 2.43% and a positive return on equity of 5.63%. The business had revenue of $94.91 million during the quarter, compared to analysts’ expectations of $93.51 million. On average, research analysts expect that Bowman Consulting Group Ltd. will post 0.09 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on BWMN shares. DA Davidson boosted their price objective on shares of Bowman Consulting Group from $36.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. B. Riley restated a “buy” rating and issued a $47.00 price objective (up previously from $44.00) on shares of Bowman Consulting Group in a research report on Wednesday, March 13th. Roth Mkm lowered their target price on shares of Bowman Consulting Group from $49.00 to $47.00 and set a “buy” rating for the company in a report on Wednesday, May 8th. Baird R W raised shares of Bowman Consulting Group to a “strong-buy” rating in a report on Monday, June 3rd. Finally, Bank of America started coverage on shares of Bowman Consulting Group in a report on Friday, May 24th. They set a “buy” rating and a $36.50 target price for the company. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Bowman Consulting Group has a consensus rating of “Buy” and an average target price of $42.50.

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.