Short Interest in Bowman Consulting Group Ltd. (NASDAQ:BWMN) Increases By 9.4%

Bowman Consulting Group Ltd. (NASDAQ:BWMN) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 461,600 shares, a growth of 9.4% from the November 30th total of 421,900 shares. Based on an average trading volume of 82,800 shares, the days-to-cover ratio is currently 5.6 days. Approximately 3.3% of the shares of the company are sold short.

Bowman Consulting Group Price Performance

Bowman Consulting Group stock opened at $25.16 on Tuesday. The business’s fifty day moving average is $24.91 and its two-hundred day moving average is $26.50. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.43 and a current ratio of 1.43. The firm has a market cap of $441.05 million, a P/E ratio of -31.85 and a beta of 1.26. Bowman Consulting Group has a 52 week low of $19.92 and a 52 week high of $42.90.

Insiders Place Their Bets

In related news, Director Stephen A. Riddick sold 2,288 shares of the company’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $28.60, for a total value of $65,436.80. Following the sale, the director now owns 20,248 shares of the company’s stock, valued at $579,092.80. The trade was a 10.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Robert Alan Hickey sold 1,444 shares of the firm’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $22.09, for a total transaction of $31,897.96. Following the transaction, the insider now owns 196,888 shares of the company’s stock, valued at approximately $4,349,255.92. This represents a 0.73 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,788 shares of company stock worth $120,641. 20.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Barclays PLC lifted its holdings in Bowman Consulting Group by 210.4% during the 3rd quarter. Barclays PLC now owns 21,341 shares of the company’s stock worth $513,000 after buying an additional 14,466 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Bowman Consulting Group by 9.0% during the third quarter. Geode Capital Management LLC now owns 326,306 shares of the company’s stock worth $7,859,000 after acquiring an additional 27,056 shares during the last quarter. State Street Corp lifted its stake in shares of Bowman Consulting Group by 5.8% during the third quarter. State Street Corp now owns 255,259 shares of the company’s stock valued at $6,147,000 after acquiring an additional 13,904 shares during the period. Polar Asset Management Partners Inc. boosted its holdings in Bowman Consulting Group by 16.3% in the third 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 last quarter. Finally, Janus Henderson Group PLC boosted its holdings in Bowman Consulting Group by 10.8% in the third quarter. Janus Henderson Group PLC now owns 24,306 shares of the company’s stock valued at $585,000 after acquiring an additional 2,370 shares during the last quarter. 63.20% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Robert W. Baird cut their target price on Bowman Consulting Group from $29.00 to $27.00 and set an “outperform” rating for the company in a research report on Friday, November 8th. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Bowman Consulting Group presently has a consensus rating of “Buy” and an average price target of $39.70.

Bowman Consulting Group Company Profile

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.