Jump Financial LLC Acquires Shares of 13,240 Bowman Consulting Group Ltd. (NASDAQ:BWMN)

Posted by on Aug 8th, 2023

Jump Financial LLC bought a new position in Bowman Consulting Group Ltd. (NASDAQ:BWMN – Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 13,240 shares of the company’s stock, valued at approximately $380,000. Jump Financial LLC owned about 0.10% of Bowman Consulting Group at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. UBS Group AG purchased a new position in Bowman Consulting Group during the 4th quarter valued at approximately $27,000. Geode Capital Management LLC grew its holdings in shares of Bowman Consulting Group by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 80,262 shares of the company’s stock valued at $1,753,000 after purchasing an additional 1,544 shares in the last quarter. Barclays PLC increased its position in Bowman Consulting Group by 474.5% in the fourth quarter. Barclays PLC now owns 3,269 shares of the company’s stock worth $71,000 after purchasing an additional 2,700 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in Bowman Consulting Group during the fourth quarter valued at $59,000. Finally, State Street Corp raised its stake in Bowman Consulting Group by 41.0% during the second quarter. State Street Corp now owns 14,709 shares of the company’s stock valued at $182,000 after purchasing an additional 4,278 shares in the last quarter. 43.02% of the stock is currently owned by hedge funds and other institutional investors.

Bowman Consulting Group Stock Performance

Shares of NASDAQ:BWMN opened at $35.58 on Tuesday. The firm has a fifty day simple moving average of $31.63 and a two-hundred day simple moving average of $29.08. Bowman Consulting Group Ltd. has a 52 week low of $13.65 and a 52 week high of $36.36. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $504.17 million, a P/E ratio of 123.31 and a beta of 1.09.

Bowman Consulting Group (NASDAQ:BWMN – Get Free Report) last announced its quarterly earnings results on Monday, May 8th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.03). Bowman Consulting Group had a net margin of 1.23% and a return on equity of 4.25%. The business had revenue of $76.10 million during the quarter, compared to the consensus estimate of $72.34 million. On average, analysts expect that Bowman Consulting Group Ltd. will post 0.81 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Robert Alan Hickey sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $26.81, for a total transaction of $214,480.00. Following the transaction, the insider now owns 212,298 shares of the company’s stock, valued at approximately $5,691,709.38. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CFO Bruce J. Labovitz sold 3,000 shares of the firm’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $27.53, for a total value of $82,590.00. Following the completion of the sale, the chief financial officer now owns 287,392 shares in the company, valued at approximately $7,911,901.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robert Alan Hickey sold 8,000 shares of Bowman Consulting Group stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $26.81, for a total transaction of $214,480.00. Following the transaction, the insider now directly owns 212,298 shares of the company’s stock, valued at $5,691,709.38. The disclosure for this sale can be found here. Insiders sold 48,725 shares of company stock valued at $1,438,637 in the last ninety days. Insiders own 26.90% of the company’s stock.

Bowman Consulting Group Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Bowman Consulting Group (NASDAQ:BWMN)

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