Royce & Associates LP Lowers Position in Bowman Consulting Group Ltd. (NASDAQ:BWMN)

Royce & Associates LP decreased its position in Bowman Consulting Group Ltd. (NASDAQ:BWMN) by 31.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 117,140 shares of the company’s stock after selling 53,565 shares during the period. Royce & Associates LP’s holdings in Bowman Consulting Group were worth $2,923,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in BWMN. Quantbot Technologies LP boosted its holdings in shares of Bowman Consulting Group by 115.6% in 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 stake in shares of Bowman Consulting Group in the fourth quarter valued at about $147,000. Rhumbline Advisers lifted its stake in shares of Bowman Consulting Group by 7.6% in the fourth quarter. Rhumbline Advisers now owns 17,984 shares of the company’s stock valued at $449,000 after purchasing an additional 1,277 shares during the period. Barclays PLC lifted its stake in shares of Bowman Consulting Group by 210.4% in the third quarter. Barclays PLC now owns 21,341 shares of the company’s stock valued at $513,000 after purchasing an additional 14,466 shares during the period. Finally, Janus Henderson Group PLC lifted its stake in shares of Bowman Consulting Group by 10.8% in the third quarter. Janus Henderson Group PLC now owns 24,306 shares of the company’s stock valued at $585,000 after purchasing an additional 2,370 shares during the period. Hedge funds and other institutional investors own 63.20% of the company’s stock.

Bowman Consulting Group Stock Performance

NASDAQ:BWMN opened at $24.32 on Thursday. The firm has a 50 day simple moving average of $23.14 and a 200-day simple moving average of $23.86. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.43 and a quick ratio of 1.43. The firm has a market cap of $419.86 million, a PE ratio of -30.78 and a beta of 1.32. Bowman Consulting Group Ltd. has a 1-year low of $17.90 and a 1-year high of $42.39.

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

Insider Activity at Bowman Consulting Group

In related news, insider Robert Alan Hickey sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $22.46, for a total value of $56,150.00. Following the completion of the sale, the insider now directly owns 188,177 shares in the company, valued at approximately $4,226,455.42. The trade was a 1.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 20.40% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on BWMN. Robert W. Baird cut their target price on shares of Bowman Consulting Group from $29.00 to $28.00 and set an “outperform” rating for the company in a research report on Thursday, March 13th. Bank of America cut 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 report on Wednesday, March 12th.

Bowman Consulting Group Company 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.