North Star Investment Management Corp. Invests $910,000 in Bowman Consulting Group Ltd. $BWMN

North Star Investment Management Corp. bought a new stake in shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN) in the first quarter, Holdings Channel.com reports. The fund bought 32,000 shares of the company’s stock, valued at approximately $910,000.

A number of other hedge funds have also recently made changes to their positions in the stock. New York State Teachers Retirement System bought a new stake in Bowman Consulting Group during the 4th quarter valued at about $42,000. Tower Research Capital LLC TRC boosted its position in Bowman Consulting Group by 244.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,301 shares of the company’s stock valued at $66,000 after buying an additional 1,633 shares during the period. State of Alaska Department of Revenue grew its stake in Bowman Consulting Group by 169.6% in the 4th quarter. State of Alaska Department of Revenue now owns 2,599 shares of the company’s stock worth $84,000 after acquiring an additional 1,635 shares in the last quarter. Quantbot Technologies LP bought a new position in Bowman Consulting Group in the 3rd quarter worth about $175,000. Finally, NewEdge Advisors LLC increased its position in shares of Bowman Consulting Group by 478,000.0% during the third quarter. NewEdge Advisors LLC now owns 4,781 shares of the company’s stock worth $203,000 after acquiring an additional 4,780 shares during the period. 63.20% of the stock is currently owned by institutional investors.

Insider Transactions at Bowman Consulting Group

In related news, CEO Gary Bowman sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, April 22nd. The shares were sold at an average price of $30.71, for a total transaction of $230,325.00. Following the completion of the transaction, the chief executive officer owned 1,353,338 shares in the company, valued at $41,561,009.98. The trade was a 0.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Raymond Jr. Vicks sold 1,230 shares of the stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $33.34, for a total transaction of $41,008.20. Following the sale, the director directly owned 18,143 shares of the company’s stock, valued at $604,887.62. The trade was a 6.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 21,230 shares of company stock worth $655,208 over the last 90 days. Company insiders own 17.50% of the company’s stock.

Bowman Consulting Group Trading Down 1.1%

Shares of NASDAQ BWMN opened at $29.60 on Tuesday. Bowman Consulting Group Ltd. has a 1-year low of $25.96 and a 1-year high of $45.83. The business has a fifty day moving average price of $31.68 and a 200 day moving average price of $32.39. The stock has a market capitalization of $518.30 million, a P/E ratio of 49.33, a price-to-earnings-growth ratio of 3.97 and a beta of 1.33. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.93 and a quick ratio of 0.93.

Bowman Consulting Group (NASDAQ:BWMN) last posted its earnings results on Tuesday, May 5th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.07). The company had revenue of $126.48 million during the quarter, compared to analysts’ expectations of $114.49 million. Bowman Consulting Group had a net margin of 2.02% and a return on equity of 3.98%. Equities research analysts expect that Bowman Consulting Group Ltd. will post 0.77 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. lifted their price target on shares of Bowman Consulting Group from $38.00 to $40.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Wall Street Zen raised Bowman Consulting Group from a “hold” rating to a “buy” rating in a research note on Saturday, June 13th. Robert W. Baird reduced their price objective on Bowman Consulting Group from $43.00 to $37.00 and set an “outperform” rating on the stock in a report on Friday, March 6th. Weiss Ratings lowered Bowman Consulting Group from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, June 23rd. Finally, Roth Mkm set a $58.00 target price on Bowman Consulting Group and gave the stock a “buy” rating in a report on Thursday, May 7th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $47.50.

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.