Ghisallo Capital Management LLC Sells 12,500 Shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN)

Ghisallo Capital Management LLC trimmed its holdings in shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN) by 50.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,500 shares of the company’s stock after selling 12,500 shares during the period. Ghisallo Capital Management LLC owned about 0.07% of Bowman Consulting Group worth $397,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its stake in shares of Bowman Consulting Group by 4.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 8,425 shares of the company’s stock valued at $294,000 after purchasing an additional 393 shares in the last quarter. Comerica Bank increased its holdings in shares of Bowman Consulting Group by 18.2% in the 1st quarter. Comerica Bank now owns 7,745 shares of the company’s stock valued at $269,000 after acquiring an additional 1,190 shares during the period. Boston Partners raised its position in shares of Bowman Consulting Group by 27.5% in the 1st quarter. Boston Partners now owns 8,695 shares of the company’s stock worth $302,000 after acquiring an additional 1,876 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Bowman Consulting Group during the 2nd quarter worth $96,000. Finally, Kennedy Capital Management LLC boosted its position in Bowman Consulting Group by 6.3% during the first quarter. Kennedy Capital Management LLC now owns 53,282 shares of the company’s stock valued at $1,854,000 after purchasing an additional 3,138 shares in the last quarter. Hedge funds and other institutional investors own 63.20% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Gary Bowman sold 4,002 shares of the company’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $24.08, for a total value of $96,368.16. Following the transaction, the chief executive officer now owns 919,500 shares of the company’s stock, valued at approximately $22,141,560. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Bowman Consulting Group news, CEO Gary Bowman sold 4,002 shares of the business’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $24.08, for a total transaction of $96,368.16. Following the sale, the chief executive officer now directly owns 919,500 shares in the company, valued at $22,141,560. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Michael Bruen sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $34.71, for a total transaction of $173,550.00. Following the completion of the transaction, the president now directly owns 380,739 shares of the company’s stock, valued at approximately $13,215,450.69. The disclosure for this sale can be found here. Insiders sold a total of 21,652 shares of company stock valued at $650,564 over the last quarter. 20.40% of the stock is owned by insiders.

Bowman Consulting Group Price Performance

Bowman Consulting Group stock opened at $23.46 on Wednesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.26 and a current ratio of 1.26. The company’s fifty day moving average price is $25.68 and its 200 day moving average price is $30.25. The stock has a market capitalization of $414.47 million, a P/E ratio of -35.01 and a beta of 1.09. Bowman Consulting Group Ltd. has a 1 year low of $21.02 and a 1 year high of $42.90.

Bowman Consulting Group (NASDAQ:BWMN) last posted its quarterly earnings results on Tuesday, August 6th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.10). The company had revenue of $104.50 million during the quarter, compared to analysts’ expectations of $113.01 million. Bowman Consulting Group had a negative net margin of 2.67% and a positive return on equity of 4.40%. As a group, equities research analysts anticipate that Bowman Consulting Group Ltd. will post -0.36 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BWMN has been the subject of a number of recent research reports. Robert W. Baird reduced their target price on shares of Bowman Consulting Group from $37.00 to $29.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Roth Mkm lowered their target price on shares of Bowman Consulting Group from $47.00 to $43.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Bowman Consulting Group presently has an average rating of “Buy” and a consensus price target of $40.10.

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.