Renaissance Technologies LLC Increases Stock Position in Bowman Consulting Group Ltd. $BWMN

Renaissance Technologies LLC raised its stake in Bowman Consulting Group Ltd. (NASDAQ:BWMN) by 77.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,379 shares of the company’s stock after acquiring an additional 43,379 shares during the period. Renaissance Technologies LLC’s holdings in Bowman Consulting Group were worth $2,826,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Royal Bank of Canada lifted its holdings in shares of Bowman Consulting Group by 51.0% in the 1st quarter. Royal Bank of Canada now owns 48,613 shares of the company’s stock valued at $1,061,000 after purchasing an additional 16,421 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in Bowman Consulting Group by 4.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 50,176 shares of the company’s stock worth $1,095,000 after buying an additional 2,203 shares during the last quarter. Jane Street Group LLC acquired a new position in Bowman Consulting Group during the first quarter worth approximately $287,000. JPMorgan Chase & Co. increased its position in Bowman Consulting Group by 40.0% during the second quarter. JPMorgan Chase & Co. now owns 9,128 shares of the company’s stock worth $262,000 after buying an additional 2,608 shares during the period. Finally, Rhumbline Advisers lifted its stake in Bowman Consulting Group by 8.2% in the second quarter. Rhumbline Advisers now owns 20,369 shares of the company’s stock valued at $586,000 after buying an additional 1,540 shares during the last quarter. Institutional investors and hedge funds own 63.20% of the company’s stock.

Bowman Consulting Group Stock Performance

Shares of BWMN stock opened at $27.23 on Monday. The business’s fifty day moving average price is $28.77 and its 200 day moving average price is $30.78. Bowman Consulting Group Ltd. has a 1-year low of $25.07 and a 1-year high of $45.83. The firm has a market capitalization of $476.80 million, a PE ratio of 45.38, a P/E/G ratio of 3.43 and a beta of 1.36. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.93 and a quick ratio of 0.93.

Insider Activity at Bowman Consulting Group

In other news, Director Raymond Jr. Vicks sold 1,230 shares of the company’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $33.34, for a total transaction of $41,008.20. Following the transaction, the director directly owned 18,143 shares of the company’s stock, valued at $604,887.62. This represents a 6.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 17.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on BWMN shares. Weiss Ratings upgraded shares of Bowman Consulting Group from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, July 8th. Roth Capital set a $58.00 price objective on shares of Bowman Consulting Group and gave the stock a “buy” rating in a research report on Thursday, May 7th. JPMorgan Chase & Co. raised their price objective on shares of Bowman Consulting Group from $38.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Finally, Wall Street Zen cut shares of Bowman Consulting Group from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $47.50.

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.