Polen Capital Management LLC Sells 2,218 Shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN)

Polen Capital Management LLC lowered its stake in shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN) by 5.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 38,968 shares of the company’s stock after selling 2,218 shares during the quarter. Polen Capital Management LLC’s holdings in Bowman Consulting Group were worth $972,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its position in Bowman Consulting Group by 2.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 38,708 shares of the company’s stock worth $932,000 after purchasing an additional 913 shares during the period. FMR LLC grew its stake in shares of Bowman Consulting Group by 5.0% during the third quarter. FMR LLC now owns 2,730,755 shares of the company’s stock valued at $65,757,000 after buying an additional 128,981 shares during the last quarter. Quantbot Technologies LP raised its holdings in shares of Bowman Consulting Group by 115.6% in the third quarter. Quantbot Technologies LP now owns 3,893 shares of the company’s stock worth $94,000 after buying an additional 2,087 shares during the period. Janus Henderson Group PLC lifted its stake in shares of Bowman Consulting Group by 10.8% during the 3rd quarter. Janus Henderson Group PLC now owns 24,306 shares of the company’s stock worth $585,000 after acquiring an additional 2,370 shares during the last quarter. Finally, Polar Asset Management Partners Inc. boosted its holdings in Bowman Consulting Group by 16.3% during the 3rd quarter. Polar Asset Management Partners Inc. now owns 482,847 shares of the company’s stock valued at $11,627,000 after acquiring an additional 67,708 shares during the period. Hedge funds and other institutional investors own 63.20% of the company’s stock.

Bowman Consulting Group Price Performance

Shares of BWMN stock opened at $23.21 on Tuesday. Bowman Consulting Group Ltd. has a twelve month low of $17.90 and a twelve month high of $42.39. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.16. The stock has a fifty day simple moving average of $23.18 and a two-hundred day simple moving average of $23.86. The stock has a market capitalization of $400.70 million, a price-to-earnings ratio of -29.38 and a beta of 1.32.

Bowman Consulting Group (NASDAQ:BWMN) last issued its earnings results on Tuesday, March 11th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.06). Bowman Consulting Group had a positive return on equity of 3.76% and a negative net margin of 2.62%. The business had revenue of $113.22 million for the quarter, compared to the consensus estimate of $110.00 million.

Wall Street Analyst Weigh In

BWMN has been the subject of several research analyst reports. Bank of America decreased their target price on Bowman Consulting Group from $36.50 to $30.50 and set a “buy” rating for the company in a research report on Wednesday, March 12th. Robert W. Baird decreased their price objective on shares of Bowman Consulting Group from $29.00 to $28.00 and set an “outperform” rating for the company in a report on Thursday, March 13th.

Insider Activity at Bowman Consulting Group

In other Bowman Consulting Group news, insider Robert Alan Hickey sold 2,500 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $22.46, for a total transaction of $56,150.00. Following the sale, the insider now owns 188,177 shares of the company’s stock, valued at approximately $4,226,455.42. This trade represents a 1.31 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 20.40% of the stock is currently owned by corporate insiders.

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.