Pembroke Management Cuts Bowman Consulting Stake to 4.9%

TL;DR

**Pembroke Management just trimmed its stake in Bowman Consulting to 4.9%.**

AI Summary

Pembroke Management Ltd. filed an amended SC 13G/A on February 2, 2024, disclosing its ownership in Bowman Consulting Group Ltd. As of December 31, 2023, Pembroke Management Ltd. beneficially owned 604,000 shares of Bowman Consulting Group Ltd.'s Common Stock, representing 4.9% of the company. This is a decrease from their previous reported stake, indicating a reduction in their investment, which could signal a shift in institutional confidence for current or prospective shareholders.

Why It Matters

A significant institutional investor reducing its stake can signal a potential lack of confidence in the company's future prospects, which could influence other investors' decisions and impact the stock price.

Risk Assessment

Risk Level: medium — A notable institutional investor reducing its holdings could indicate a perceived increase in risk or a less favorable outlook for the company.

Analyst Insight

Investors should investigate the reasons behind Pembroke Management Ltd.'s reduced stake and consider if this signals a broader shift in institutional sentiment towards Bowman Consulting Group Ltd. before making investment decisions.

Key Numbers

• 604,000 — Shares Owned (The total number of Common Stock shares of Bowman Consulting Group Ltd. beneficially owned by Pembroke Management Ltd. as of December 31, 2023.)
• 4.9% — Ownership Percentage (The percentage of Bowman Consulting Group Ltd.'s outstanding Common Stock represented by Pembroke Management Ltd.'s holdings, indicating a reduction from a previous, higher stake.)

Key Players & Entities

• Pembroke Management Ltd. (company) — the reporting person who filed the SC 13G/A
• Bowman Consulting Group Ltd. (company) — the subject company whose shares are being reported
• 604,000 (dollar_amount) — number of shares beneficially owned by Pembroke Management Ltd.
• 4.9% (dollar_amount) — percentage of Bowman Consulting Group Ltd. stock owned by Pembroke Management Ltd.
• December 31, 2023 (date) — the date of the event which required the filing

Forward-Looking Statements

• Bowman Consulting Group Ltd.'s stock price may experience short-term downward pressure due to the institutional selling. (Bowman Consulting Group Ltd.) — medium confidence, target: Q1 2024

FAQ

Key Financial Figures

• $0.01 — LTD. (Name of Issuer) Common Stock, $0.01 par value (Title of Class of Securiti

Filing Documents

• pembroke-bwmn123123a1.htm (SC 13G/A) — 52KB
• 0001172661-24-000429.txt ( ) — 53KB

(a)Name of Issuer

Item 1. (a)Name of Issuer BOWMAN CONSULTING GROUP LTD.

(b)Address of Issuer’s Principal

Item 1. (b)Address of Issuer’s Principal Executive Offices 12355 Sunrise Valley Drive, Suite 520 Reston, Virginia 20191

(a, b, c)Names of Person Filing, Address

Item 2. (a, b, c)Names of Person Filing, Address of Principal Business Office, Citizenship: Pembroke Management Ltd., 1002 Sherbrooke Street W, Suite 1700, Montreal QC H3A 3S4, Canada

(d)Title of Class of Securities

Item 2. (d)Title of Class of Securities Common Stock, $0.01 par value (the “Common Stock”)

(e) CUSIP No

Item 2. (e) CUSIP No.: 103002101 CUSIP No. 103002101 SCHEDULE 13G/A Page 4 of 6 Pages

If

Item 3.If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); (b) Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); (c) Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); (d) Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); (e) x An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); (h) A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J); (k) A group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J), please specify the type of institution: CUSIP No. 103002101 SCHEDULE 13G/A Page 5 of 6 Pages Item 4.Ownership Information with respect to the Reporting Person’s ownership of the Common Stock as of December 31, 2022, is incorporated by reference to items (5) - (9) and (11) of the cover page for the Reporting Person. The amount beneficially owned by the Reporting Person is determined based on 14,648,595 shares of Common Stock outstanding as of September 30, 2023, as the Issuer reported in its Form 10-Q filed with the SEC on November 7, 2023. Item 5.Ownership of Five Percent or Less of a Class If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial

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View this SC 13G/A filing on SEC EDGAR