Walleye Capital LLC bought a new stake in Bowhead Specialty Holdings Inc. (NYSE:BOW - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 23,797 shares of the company's stock, valued at approximately $845,000. Walleye Capital LLC owned about 0.07% of Bowhead Specialty at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of the company. Victory Capital Management Inc. raised its stake in Bowhead Specialty by 129.0% in the 4th quarter. Victory Capital Management Inc. now owns 1,508,003 shares of the company's stock worth $53,564,000 after acquiring an additional 849,408 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Bowhead Specialty by 3.6% during the 4th quarter. American Century Companies Inc. now owns 953,549 shares of the company's stock valued at $33,870,000 after buying an additional 32,792 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Bowhead Specialty by 55.1% in the fourth quarter. Vanguard Group Inc. now owns 647,182 shares of the company's stock valued at $22,988,000 after purchasing an additional 230,039 shares during the period. Schroder Investment Management Group increased its stake in Bowhead Specialty by 0.3% during the 4th quarter. Schroder Investment Management Group now owns 365,886 shares of the company's stock worth $12,641,000 after buying an additional 1,209 shares in the last quarter. Finally, Peregrine Capital Management LLC increased its position in shares of Bowhead Specialty by 143.3% during the fourth quarter. Peregrine Capital Management LLC now owns 295,723 shares of the company's stock worth $10,504,000 after purchasing an additional 174,172 shares in the last quarter.
Insider Buying and Selling at Bowhead Specialty
In other Bowhead Specialty news, Director Ava Schnidman purchased 1,493 shares of Bowhead Specialty stock in a transaction dated Friday, February 28th. The stock was acquired at an average cost of $33.41 per share, with a total value of $49,881.13. Following the acquisition, the director now directly owns 1,893 shares of the company's stock, valued at $63,245.13. This represents a 373.25 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Bowhead Specialty Stock Down 3.3 %
BOW stock traded down $1.37 during midday trading on Friday, reaching $40.00. 260,880 shares of the company were exchanged, compared to its average volume of 214,082. The stock's 50-day simple moving average is $37.22 and its 200 day simple moving average is $34.50. Bowhead Specialty Holdings Inc. has a 1-year low of $22.14 and a 1-year high of $42.29.
Bowhead Specialty (NYSE:BOW - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.07. The firm had revenue of $184.77 million during the quarter, compared to analyst estimates of $102.12 million. Research analysts expect that Bowhead Specialty Holdings Inc. will post 1.36 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of research firms have weighed in on BOW. JPMorgan Chase & Co. raised their target price on shares of Bowhead Specialty from $30.00 to $35.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 8th. JMP Securities boosted their price target on shares of Bowhead Specialty from $38.00 to $40.00 and gave the company a "market outperform" rating in a research note on Friday, April 11th. Piper Sandler assumed coverage on Bowhead Specialty in a report on Wednesday, April 16th. They set an "overweight" rating and a $44.00 target price for the company. Finally, Keefe, Bruyette & Woods cut their price objective on Bowhead Specialty from $44.00 to $43.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Bowhead Specialty has an average rating of "Moderate Buy" and an average target price of $37.17.
Read Our Latest Research Report on Bowhead Specialty
About Bowhead Specialty
(
Free Report)
Bowhead Specialty Holdings Inc provides specialty property and casualty insurance products in the United States. It underwrites casualty insurance solutions for risks in the construction, distribution, heavy manufacturing, real estate, and hospitality segments; professional liability insurance solutions for financial institutions, private and public directors and officers liability insurance, errors and omissions liability insurance, and cyber segments; and healthcare solutions for hospitals, senior care providers, managed care organizations, miscellaneous medical facilities, and healthcare management liability segments.
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