Pembroke Management LTD Trims Stake in Bowman Consulting Group Ltd. (NASDAQ:BWMN)

Pembroke Management LTD cut its holdings in shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN) by 35.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 461,322 shares of the company’s stock after selling 250,326 shares during the quarter. Pembroke Management LTD owned about 2.63% of Bowman Consulting Group worth $11,510,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. FMR LLC boosted its stake in Bowman Consulting Group by 5.0% during the third quarter. FMR LLC now owns 2,730,755 shares of the company’s stock worth $65,757,000 after buying an additional 128,981 shares during the period. Polar Asset Management Partners Inc. lifted its holdings in shares of Bowman Consulting Group by 16.3% in the 3rd quarter. Polar Asset Management Partners Inc. now owns 482,847 shares of the company’s stock worth $11,627,000 after acquiring an additional 67,708 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Bowman Consulting Group by 9.0% during the 3rd quarter. Geode Capital Management LLC now owns 326,306 shares of the company’s stock worth $7,859,000 after purchasing an additional 27,056 shares during the period. State Street Corp increased its holdings in Bowman Consulting Group by 5.8% in the 3rd quarter. State Street Corp now owns 255,259 shares of the company’s stock valued at $6,147,000 after purchasing an additional 13,904 shares during the last quarter. Finally, Swedbank AB purchased a new stake in Bowman Consulting Group in the fourth quarter valued at approximately $4,990,000. 63.20% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Bowman Consulting Group

In related news, Director Stephen A. Riddick sold 2,288 shares of Bowman Consulting Group stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $28.60, for a total value of $65,436.80. Following the completion of the transaction, the director now owns 20,248 shares in the company, valued at $579,092.80. The trade was a 10.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 20.40% of the company’s stock.

Analyst Ratings Changes

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

Bowman Consulting Group Price Performance

Shares of NASDAQ BWMN opened at $22.47 on Tuesday. 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 company has a market cap of $393.90 million, a price-to-earnings ratio of -28.44, a price-to-earnings-growth ratio of 5.56 and a beta of 1.28. The stock’s 50-day moving average is $25.14 and its two-hundred day moving average is $24.46. Bowman Consulting Group Ltd. has a 1-year low of $19.92 and a 1-year high of $42.90.

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.