Pembroke Management LTD Sells 62,498 Shares of Bowman Consulting Group Ltd. $BWMN

Pembroke Management LTD lowered its holdings in shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN) by 12.2% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 448,970 shares of the company’s stock after selling 62,498 shares during the period. Bowman Consulting Group comprises about 1.9% of Pembroke Management LTD’s portfolio, making the stock its 23rd biggest holding. Pembroke Management LTD owned about 2.60% of Bowman Consulting Group worth $19,018,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of BWMN. State of Alaska Department of Revenue bought a new position in Bowman Consulting Group in the third quarter valued at about $40,000. Ameritas Investment Partners Inc. boosted its stake in shares of Bowman Consulting Group by 28.4% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,435 shares of the company’s stock valued at $41,000 after purchasing an additional 317 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings 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 valued at $66,000 after purchasing an additional 1,633 shares during the last quarter. AlphaQuest LLC acquired a new position in Bowman Consulting Group during the 2nd quarter worth approximately $103,000. Finally, Emerald Advisers LLC lifted its stake in Bowman Consulting Group by 105.9% in 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 during the last quarter. 63.20% of the stock is owned by institutional investors and hedge funds.

Bowman Consulting Group Stock Up 1.7%

Shares of NASDAQ:BWMN opened at $36.77 on Friday. The firm has a market cap of $638.69 million, a P/E ratio of 39.54, a P/E/G ratio of 2.17 and a beta of 1.33. Bowman Consulting Group Ltd. has a 12-month low of $17.90 and a 12-month high of $45.83. The business has a fifty day simple moving average of $34.72 and a 200 day simple moving average of $37.42. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.14.

Bowman Consulting Group (NASDAQ:BWMN) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.23. The company had revenue of $112.09 million during the quarter, compared to analysts’ expectations of $130.45 million. Bowman Consulting Group had a return on equity of 6.30% and a net margin of 3.33%.

Insider Transactions at Bowman Consulting Group

In other Bowman Consulting Group news, CEO Gary Bowman sold 12,500 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $35.25, for a total transaction of $440,625.00. Following the completion of the transaction, the chief executive officer owned 892,443 shares in the company, valued at approximately $31,458,615.75. This trade represents a 1.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders have sold 40,000 shares of company stock worth $1,550,400. 17.42% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

BWMN has been the topic of a number of research reports. JPMorgan Chase & Co. started coverage on shares of Bowman Consulting Group in a research note on Friday, January 9th. They set a “neutral” rating and a $40.00 target price on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Bowman Consulting Group in a report on Monday, December 29th. Roth Capital boosted their price objective on Bowman Consulting Group from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, December 8th. Wall Street Zen downgraded Bowman Consulting Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 20th. Finally, Zacks Research raised Bowman Consulting Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $40.90.

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.