Summit Creek Advisors LLC Makes New $6.43 Million Investment in Bowman Consulting Group Ltd. $BWMN

Summit Creek Advisors LLC acquired a new stake in Bowman Consulting Group Ltd. (NASDAQ:BWMN) in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm acquired 220,254 shares of the company’s stock, valued at approximately $6,431,000. Bowman Consulting Group comprises 2.2% of Summit Creek Advisors LLC’s holdings, making the stock its 16th largest position.

Several other hedge funds have also recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of Bowman Consulting Group in the second quarter valued at approximately $31,113,000. Alliancebernstein L.P. boosted its position in Bowman Consulting Group by 3,560.2% in the third quarter. Alliancebernstein L.P. now owns 524,867 shares of the company’s stock worth $22,233,000 after purchasing an additional 510,527 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in Bowman Consulting Group in the 3rd quarter valued at $6,590,000. JPMorgan Chase & Co. grew its stake in Bowman Consulting Group by 998.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 100,309 shares of the company’s stock valued at $4,249,000 after purchasing an additional 91,181 shares during the period. Finally, Polar Asset Management Partners Inc. increased its position in shares of Bowman Consulting Group by 30.2% during the 4th quarter. Polar Asset Management Partners Inc. now owns 285,024 shares of the company’s stock valued at $9,411,000 after purchasing an additional 66,029 shares during the last quarter. Institutional investors own 63.20% of the company’s stock.

Insider Transactions at Bowman Consulting Group

In other Bowman Consulting Group news, Director Patricia Mulroy sold 883 shares of Bowman Consulting Group stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $42.37, for a total transaction of $37,412.71. Following the completion of the sale, the director owned 26,330 shares of the company’s stock, valued at $1,115,602.10. The trade was a 3.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 17.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

BWMN has been the topic of a number of research analyst reports. Wolfe Research set a $43.00 price target on shares of Bowman Consulting Group in a report on Tuesday, August 11th. Craig Hallum downgraded shares of Bowman Consulting Group from a “buy” rating to a “hold” rating and set a $43.00 price objective for the company. in a report on Tuesday, August 11th. Roth Capital lowered shares of Bowman Consulting Group from a “buy” rating to a “neutral” rating and set a $43.00 price objective on the stock. in a research report on Wednesday, August 12th. Wall Street Zen upgraded shares of Bowman Consulting Group from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Texas Capital downgraded shares of Bowman Consulting Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 11th. Eight investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Bowman Consulting Group has a consensus rating of “Hold” and an average target price of $44.29.

Bowman Consulting Group Trading Up 0.4%

Shares of BWMN stock opened at $42.53 on Wednesday. The business’s fifty day moving average is $30.18 and its 200 day moving average is $31.13. Bowman Consulting Group Ltd. has a 52-week low of $25.07 and a 52-week high of $45.83. The company has a market capitalization of $737.30 million, a PE ratio of 106.33 and a beta of 1.36. 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 quarterly earnings data on Monday, August 10th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.47 by $0.15. Bowman Consulting Group had a return on equity of 2.67% and a net margin of 1.30%.The company had revenue of $146.13 million during the quarter, compared to analyst estimates of $129.35 million. On average, equities research analysts anticipate that Bowman Consulting Group Ltd. will post 0.82 EPS for the current fiscal year.

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.