Bowman Consulting Group Ltd. (NASDAQ:BWMN) Short Interest Update

Bowman Consulting Group Ltd. (NASDAQ:BWMN) was the target of a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 379,500 shares, a drop of 14.8% from the February 28th total of 445,600 shares. Based on an average trading volume of 89,500 shares, the days-to-cover ratio is presently 4.2 days. Currently, 2.7% of the company’s stock are sold short.

Bowman Consulting Group Trading Down 3.7 %

NASDAQ:BWMN opened at $21.83 on Tuesday. The company has a market capitalization of $376.87 million, a P/E ratio of -27.63 and a beta of 1.32. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.16. Bowman Consulting Group has a 12 month low of $17.90 and a 12 month high of $36.65. The firm has a fifty day simple moving average of $22.92 and a 200-day simple moving average of $23.90.

Bowman Consulting Group (NASDAQ:BWMN) last issued its quarterly earnings results on Tuesday, March 11th. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.06). The firm had revenue of $113.22 million for the quarter, compared to analyst estimates of $110.00 million. Bowman Consulting Group had a positive return on equity of 3.76% and a negative net margin of 2.62%.

Insider Activity

In other news, insider Robert Alan Hickey sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $22.46, for a total value of $56,150.00. Following the sale, the insider now directly owns 188,177 shares in the company, valued at approximately $4,226,455.42. This trade represents a 1.31 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 20.40% of the company’s stock.

Institutional Investors Weigh In On Bowman Consulting Group

A number of large investors have recently bought and sold shares of the company. BNP Paribas Financial Markets acquired a new position in shares of Bowman Consulting Group in the 4th quarter valued at about $42,000. Quantbot Technologies LP raised its position in Bowman Consulting Group by 115.6% during the third quarter. Quantbot Technologies LP now owns 3,893 shares of the company’s stock valued at $94,000 after acquiring an additional 2,087 shares in the last quarter. SG Americas Securities LLC acquired a new position in Bowman Consulting Group in the fourth quarter valued at approximately $147,000. Wells Fargo & Company MN boosted its position in Bowman Consulting Group by 55.0% in the 4th quarter. Wells Fargo & Company MN now owns 6,524 shares of the company’s stock worth $163,000 after purchasing an additional 2,316 shares in the last quarter. Finally, Comerica Bank grew its stake in shares of Bowman Consulting Group by 12.8% during the 4th quarter. Comerica Bank now owns 10,781 shares of the company’s stock worth $269,000 after purchasing an additional 1,220 shares during the period. Hedge funds and other institutional investors own 63.20% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on BWMN. Bank of America lowered their target price on shares of Bowman Consulting Group from $36.50 to $30.50 and set a “buy” rating for the company in a research note on Wednesday, March 12th. Robert W. Baird dropped their target price on Bowman Consulting Group from $29.00 to $28.00 and set an “outperform” rating on the stock in a research note on Thursday, March 13th. Finally, B. Riley upgraded Bowman Consulting Group to a “strong-buy” rating in a research note on Tuesday, March 18th. Three research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $33.83.

About Bowman Consulting Group

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.