Polar Asset Management Partners Inc. Increases Holdings in Bowman Consulting Group Ltd. $BWMN

Polar Asset Management Partners Inc. boosted its position in Bowman Consulting Group Ltd. (NASDAQ:BWMN) by 12.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 320,000 shares of the company’s stock after purchasing an additional 34,976 shares during the period. Polar Asset Management Partners Inc. owned about 1.83% of Bowman Consulting Group worth $9,101,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. New York State Teachers Retirement System purchased a new stake in Bowman Consulting Group during the fourth quarter worth $42,000. Tower Research Capital LLC TRC raised its stake 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 worth $66,000 after buying an additional 1,633 shares during the last quarter. State of Alaska Department of Revenue raised its stake in shares of Bowman Consulting Group by 169.6% during the 4th quarter. State of Alaska Department of Revenue now owns 2,599 shares of the company’s stock worth $84,000 after buying an additional 1,635 shares during the last quarter. Fifth Third Bancorp purchased a new stake in shares of Bowman Consulting Group in the 1st quarter worth about $196,000. Finally, NewEdge Advisors LLC boosted its position in shares of Bowman Consulting Group by 478,000.0% in the 3rd quarter. NewEdge Advisors LLC now owns 4,781 shares of the company’s stock worth $203,000 after buying an additional 4,780 shares in the last quarter. 63.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Bowman Consulting Group

In other news, Director Raymond Jr. Vicks sold 1,230 shares of Bowman Consulting Group stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $33.34, for a total transaction of $41,008.20. Following the completion of the sale, the director directly owned 18,143 shares in the company, valued at $604,887.62. The trade was a 6.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 17.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

BWMN has been the subject of several recent research reports. Wall Street Zen downgraded shares of Bowman Consulting Group from a “buy” rating to a “hold” rating in a report on Saturday. JPMorgan Chase & Co. upped their price target on shares of Bowman Consulting Group from $38.00 to $40.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Roth Capital set a $58.00 price target on shares of Bowman Consulting Group and gave the company a “buy” rating in a research report on Thursday, May 7th. Finally, Weiss Ratings raised shares of Bowman Consulting Group from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, July 8th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $47.50.

Bowman Consulting Group Stock Down 0.0%

Shares of NASDAQ:BWMN opened at $25.95 on Monday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $454.38 million, a P/E ratio of 43.25, a P/E/G ratio of 3.48 and a beta of 1.34. Bowman Consulting Group Ltd. has a 52-week low of $25.07 and a 52-week high of $45.83. The stock’s fifty day simple moving average is $29.77 and its 200-day simple moving average is $31.41.

Bowman Consulting Group (NASDAQ:BWMN) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.07). The company had revenue of $126.48 million for the quarter, compared to analysts’ expectations of $114.49 million. Bowman Consulting Group had a return on equity of 3.98% and a net margin of 2.02%. As a group, equities research analysts forecast that Bowman Consulting Group Ltd. will post 0.77 earnings per share for the current fiscal year.

Bowman Consulting Group 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.