First Trust Capital Management L.P. Makes New Investment in Bowman Consulting Group Ltd. $BWMN

First Trust Capital Management L.P. bought a new position in shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 488,411 shares of the company’s stock, valued at approximately $20,826,000. Bowman Consulting Group comprises approximately 1.0% of First Trust Capital Management L.P.’s investment portfolio, making the stock its 15th largest holding. First Trust Capital Management L.P. owned approximately 2.94% of Bowman Consulting Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. acquired a new position in Bowman Consulting Group during the second quarter valued at $31,113,000. Dimensional Fund Advisors LP grew its position in Bowman Consulting Group by 13.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 377,799 shares of the company’s stock worth $10,744,000 after purchasing an additional 43,624 shares during the period. Polar Asset Management Partners Inc. grew its position in Bowman Consulting Group by 12.3% during the 1st quarter. Polar Asset Management Partners Inc. now owns 320,000 shares of the company’s stock worth $9,101,000 after purchasing an additional 34,976 shares during the period. Summit Creek Advisors LLC acquired a new stake in Bowman Consulting Group during the 2nd quarter worth about $6,431,000. Finally, Wellington Management Group LLP raised its stake in shares of Bowman Consulting Group by 215.2% during the 2nd quarter. Wellington Management Group LLP now owns 184,736 shares of the company’s stock valued at $5,394,000 after buying an additional 126,136 shares during the last quarter. Hedge funds and other institutional investors own 63.20% of the company’s stock.

Bowman Consulting Group Stock Performance

BWMN opened at $42.99 on Friday. The firm has a fifty day moving average price of $42.73 and a 200 day moving average price of $34.73. Bowman Consulting Group Ltd. has a 1 year low of $25.07 and a 1 year high of $43.22. The stock has a market cap of $713.29 million, a P/E ratio of 107.49 and a beta of 1.47. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.90 and a quick ratio of 0.90.

Bowman Consulting Group (NASDAQ:BWMN) last released its quarterly earnings results on Friday, November 6th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of $0.53 by ($0.65). Bowman Consulting Group had a net margin of 1.30% and a return on equity of 2.67%. The firm had revenue of $148.70 million for the quarter, compared to analyst estimates of $137.54 million. Equities research analysts anticipate that Bowman Consulting Group Ltd. will post 0.75 earnings per share for the current year.

Wall Street Analysts Forecast Growth

BWMN has been the subject of several analyst reports. Capital One Financial set a $43.00 price objective on Bowman Consulting Group in a report on Tuesday, August 11th. Texas Capital downgraded Bowman Consulting Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 11th. Roth Capital lowered Bowman Consulting Group from a “buy” rating to a “neutral” rating and set a $43.00 target price on the stock. in a report on Wednesday, August 12th. B. Riley Financial cut Bowman Consulting Group from a “buy” rating to a “hold” rating in a research report on Monday, August 10th. Finally, Wall Street Zen upgraded Bowman Consulting Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Seven investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Bowman Consulting Group has an average rating of “Reduce” and a consensus target price of $43.00.

Insider Activity at Bowman Consulting Group

In other news, CEO Gary Bowman sold 22,500 shares of the firm’s stock in a transaction dated Wednesday, September 23rd. The stock was sold at an average price of $42.55, for a total transaction of $957,375.00. Following the sale, the chief executive officer directly owned 1,272,838 shares in the company, valued at $54,159,256.90. This trade represents a 1.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 17.50% of the stock is owned by company insiders.

Bowman Consulting Group Profile

Bowman Consulting Group Ltd. is a U.S.-based engineering and consulting firm that serves public- and private-sector clients. Founded in 1995, the company provides services for infrastructure, land development, buildings, utilities and energy projects. Its offerings include civil engineering, surveying, planning, environmental consulting, landscape architecture, construction management and geospatial services. Bowman works with clients throughout the United States, supporting projects from early planning and design through construction and ongoing operations.