Summit Creek Advisors LLC Sells 30,937 Shares of Bowman Consulting Group Ltd. $BWMN

Summit Creek Advisors LLC lowered its holdings in shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN) by 7.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 362,449 shares of the company’s stock after selling 30,937 shares during the quarter. Bowman Consulting Group makes up approximately 2.2% of Summit Creek Advisors LLC’s holdings, making the stock its 21st biggest position. Summit Creek Advisors LLC’s holdings in Bowman Consulting Group were worth $15,353,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. State of Alaska Department of Revenue bought a new stake in Bowman Consulting Group during the third quarter valued at approximately $40,000. Ameritas Investment Partners Inc. boosted its stake 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 acquiring an additional 317 shares during the last quarter. Tower Research Capital LLC TRC grew its position 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 valued at $66,000 after acquiring an additional 1,633 shares during the period. AlphaQuest LLC purchased a new stake in shares of Bowman Consulting Group in the 2nd quarter worth $103,000. Finally, Emerald Advisers LLC raised its holdings in Bowman Consulting Group by 105.9% in the 2nd quarter. Emerald Advisers LLC now owns 6,333 shares of the company’s stock worth $182,000 after purchasing an additional 3,257 shares during the period. Hedge funds and other institutional investors own 63.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on BWMN. JPMorgan Chase & Co. initiated coverage on Bowman Consulting Group in a report on Friday. They set a “neutral” rating and a $40.00 price target for the company. Wall Street Zen downgraded Bowman Consulting Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 20th. Zacks Research upgraded shares of Bowman Consulting Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 6th. Roth Capital lifted their price target on shares of Bowman Consulting Group from $45.00 to $50.00 and gave the company a “buy” rating in a report on Monday, December 8th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Bowman Consulting Group in a research note on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $40.90.

Bowman Consulting Group Stock Up 0.1%

Shares of BWMN opened at $34.82 on Monday. The business’s 50 day moving average is $35.05 and its 200 day moving average is $37.29. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.14. Bowman Consulting Group Ltd. has a 12-month low of $17.90 and a 12-month high of $45.83. The company has a market capitalization of $604.82 million, a PE ratio of 37.44, a price-to-earnings-growth ratio of 2.25 and a beta of 1.33.

Bowman Consulting Group (NASDAQ:BWMN) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.23. The business had revenue of $112.09 million during the quarter, compared to analyst estimates of $130.45 million. Bowman Consulting Group had a net margin of 3.33% and a return on equity of 6.30%.

Insiders Place Their Bets

In related news, CEO Gary Bowman sold 12,500 shares of the firm’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $35.25, for a total transaction of $440,625.00. Following the completion of the transaction, the chief executive officer directly owned 892,443 shares of the company’s stock, valued at approximately $31,458,615.75. This trade represents a 1.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold 40,000 shares of company stock worth $1,550,400 over the last three months. Company insiders own 17.42% of the company’s stock.

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.