Summit Creek Advisors LLC Lowers Position in Bowman Consulting Group Ltd. $BWMN

Summit Creek Advisors LLC reduced its stake in shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN) by 3.6% in the second quarter, according to its most recent filing with the SEC. The fund owned 393,386 shares of the company’s stock after selling 14,656 shares during the period. Summit Creek Advisors LLC owned approximately 2.28% of Bowman Consulting Group worth $11,310,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Emerald Mutual Fund Advisers Trust increased its holdings in Bowman Consulting Group by 74.6% during the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 50,357 shares of the company’s stock valued at $1,448,000 after purchasing an additional 21,515 shares during the period. Emerald Advisers LLC increased its stake in Bowman Consulting Group by 105.9% during the 2nd quarter. Emerald Advisers LLC now owns 6,333 shares of the company’s stock valued at $182,000 after purchasing an additional 3,257 shares in the last quarter. AlphaQuest LLC bought a new position in Bowman Consulting Group in the 2nd quarter valued at approximately $103,000. Asset Management One Co. Ltd. purchased a new position in Bowman Consulting Group in the 2nd quarter worth about $1,747,000. Finally, Swedbank AB lifted its position in Bowman Consulting Group by 108.2% during the second quarter. Swedbank AB now owns 416,492 shares of the company’s stock valued at $11,974,000 after purchasing an additional 216,492 shares during the period. Institutional investors own 63.20% of the company’s stock.

Insider Activity at Bowman Consulting Group

In other news, Director Stephen A. Riddick sold 3,000 shares of Bowman Consulting Group stock in a transaction on Monday, September 8th. The stock was sold at an average price of $41.04, for a total value of $123,120.00. Following the completion of the sale, the director directly owned 18,461 shares of the company’s stock, valued at approximately $757,639.44. The trade was a 13.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Bruce J. Labovitz sold 10,000 shares of the business’s stock in a transaction on Monday, October 13th. The stock was sold at an average price of $42.37, for a total value of $423,700.00. Following the transaction, the chief financial officer directly owned 385,560 shares of the company’s stock, valued at $16,336,177.20. The trade was a 2.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 64,350 shares of company stock valued at $2,728,816. 17.42% of the stock is owned by insiders.

Bowman Consulting Group Price Performance

Bowman Consulting Group stock opened at $44.43 on Thursday. The firm has a market capitalization of $766.42 million, a price-to-earnings ratio of 74.05 and a beta of 1.31. The company has a fifty day simple moving average of $42.48 and a 200-day simple moving average of $34.13. Bowman Consulting Group Ltd. has a 52-week low of $17.90 and a 52-week high of $45.83. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.14.

Analyst Ratings Changes

A number of analysts have commented on BWMN shares. Wall Street Zen upgraded Bowman Consulting Group from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 9th. Zacks Research lowered Bowman Consulting Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Bowman Consulting Group in a report on Wednesday, October 8th. Finally, B. Riley boosted their price objective on shares of Bowman Consulting Group from $43.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, August 29th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $38.17.

Bowman Consulting Group 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.