Renaissance Technologies LLC Sells 48,800 Shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN)

Renaissance Technologies LLC trimmed its holdings in Bowman Consulting Group Ltd. (NASDAQ:BWMN) by 77.9% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 13,821 shares of the company’s stock after selling 48,800 shares during the quarter. Renaissance Technologies LLC owned 0.08% of Bowman Consulting Group worth $439,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Norden Group LLC bought a new position in Bowman Consulting Group during the 1st quarter worth approximately $207,000. Virtu Financial LLC bought a new position in shares of Bowman Consulting Group in the first quarter worth approximately $226,000. Comerica Bank increased its stake in shares of Bowman Consulting Group by 18.2% in the first quarter. Comerica Bank now owns 7,745 shares of the company’s stock worth $269,000 after buying an additional 1,190 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Bowman Consulting Group by 4.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,425 shares of the company’s stock valued at $294,000 after buying an additional 393 shares during the last quarter. Finally, Boston Partners boosted its position in Bowman Consulting Group by 27.5% during the 1st quarter. Boston Partners now owns 8,695 shares of the company’s stock valued at $302,000 after buying an additional 1,876 shares during the period. Hedge funds and other institutional investors own 63.20% of the company’s stock.

Insider Transactions at Bowman Consulting Group

In related news, President Michael Bruen sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $34.71, for a total transaction of $173,550.00. Following the completion of the transaction, the president now directly owns 380,739 shares in the company, valued at approximately $13,215,450.69. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Bowman Consulting Group news, President Michael Bruen sold 5,000 shares of the firm’s stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $34.71, for a total transaction of $173,550.00. Following the sale, the president now directly owns 380,739 shares of the company’s stock, valued at $13,215,450.69. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert Alan Hickey sold 2,500 shares of the company’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $23.07, for a total value of $57,675.00. Following the completion of the transaction, the insider now directly owns 198,332 shares of the company’s stock, valued at approximately $4,575,519.24. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,652 shares of company stock worth $650,564 in the last 90 days. 20.40% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on BWMN shares. Robert W. Baird cut their price objective on Bowman Consulting Group from $37.00 to $29.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Roth Mkm reduced their price objective on shares of Bowman Consulting Group from $47.00 to $43.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Bowman Consulting Group presently has an average rating of “Buy” and an average target price of $40.10.

Bowman Consulting Group Stock Down 3.2 %

BWMN stock opened at $21.44 on Friday. The stock has a market capitalization of $378.78 million, a P/E ratio of -32.00 and a beta of 1.09. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.26 and a quick ratio of 1.26. Bowman Consulting Group Ltd. has a 1-year low of $21.02 and a 1-year high of $42.90. The business has a fifty day moving average price of $24.03 and a 200-day moving average price of $29.53.

Bowman Consulting Group (NASDAQ:BWMN) last issued its earnings results on Tuesday, August 6th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.10). The company had revenue of $104.50 million during the quarter, compared to analysts’ expectations of $113.01 million. Bowman Consulting Group had a positive return on equity of 4.40% and a negative net margin of 2.67%. Equities analysts forecast that Bowman Consulting Group Ltd. will post -0.36 earnings per share for the current fiscal year.

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.