Bowman Consulting Group Ltd. (NASDAQ:BWMN) Insider Robert Alan Hickey Sells 2,500 Shares

Bowman Consulting Group Ltd. (NASDAQ:BWMN) insider Robert Alan Hickey sold 2,500 shares of Bowman Consulting Group stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $22.46, for a total value of $56,150.00. Following the completion of the transaction, the insider now directly owns 188,177 shares in the company, valued at $4,226,455.42. This trade represents a 1.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Bowman Consulting Group Trading Down 1.7 %

BWMN traded down $0.39 during midday trading on Wednesday, reaching $21.90. 67,158 shares of the company’s stock traded hands, compared to its average volume of 56,142. Bowman Consulting Group Ltd. has a 52 week low of $19.92 and a 52 week high of $42.90. 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 fifty day moving average of $25.03 and a two-hundred day moving average of $24.38. The stock has a market capitalization of $383.91 million, a price-to-earnings ratio of -27.72 and a beta of 1.28.

Hedge Funds Weigh In On Bowman Consulting Group

Hedge funds have recently made changes to their positions in the business. Conestoga Capital Advisors LLC boosted its holdings in Bowman Consulting Group by 21.3% in the third quarter. Conestoga Capital Advisors LLC now owns 46,970 shares of the company’s stock valued at $1,131,000 after acquiring an additional 8,245 shares in the last quarter. Pembroke Management LTD lifted its position in shares of Bowman Consulting Group by 10.0% in the 3rd quarter. Pembroke Management LTD now owns 711,648 shares of the company’s stock worth $17,136,000 after purchasing an additional 64,617 shares during the period. Fiera Capital Corp boosted its stake in shares of Bowman Consulting Group by 21.2% during the 3rd quarter. Fiera Capital Corp now owns 103,000 shares of the company’s stock valued at $2,480,000 after purchasing an additional 18,000 shares in the last quarter. Acorn Financial Advisory Services Inc. ADV purchased a new position in shares of Bowman Consulting Group during the third quarter valued at about $217,000. Finally, Charles Schwab Investment Management Inc. raised its stake in Bowman Consulting Group by 2.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 38,708 shares of the company’s stock worth $932,000 after buying an additional 913 shares in the last quarter. 63.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird decreased their target price on shares of Bowman Consulting Group from $29.00 to $27.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $39.70.

About Bowman Consulting Group

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.