Ghisallo Capital Management LLC Grows Position in Bowhead Specialty Holdings Inc. (NYSE:BOW)

Ghisallo Capital Management LLC raised its position in Bowhead Specialty Holdings Inc. (NYSE:BOW - Free Report) by 41.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 120,000 shares of the company's stock after buying an additional 35,000 shares during the quarter. Ghisallo Capital Management LLC owned approximately 0.37% of Bowhead Specialty worth $4,262,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State of Tennessee Department of Treasury purchased a new stake in Bowhead Specialty in the fourth quarter valued at approximately $199,000. MetLife Investment Management LLC lifted its stake in Bowhead Specialty by 64.8% in the fourth quarter. MetLife Investment Management LLC now owns 7,264 shares of the company's stock valued at $258,000 after buying an additional 2,855 shares during the last quarter. Gallatin Point Capital LLC purchased a new stake in Bowhead Specialty in the fourth quarter valued at approximately $389,599,000. Marshall Wace LLP increased its holdings in shares of Bowhead Specialty by 197.9% in the fourth quarter. Marshall Wace LLP now owns 69,632 shares of the company's stock valued at $2,473,000 after purchasing an additional 46,257 shares during the period. Finally, Wasatch Advisors LP increased its holdings in shares of Bowhead Specialty by 125.3% in the fourth quarter. Wasatch Advisors LP now owns 812,901 shares of the company's stock valued at $28,874,000 after purchasing an additional 452,033 shares during the period.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on BOW shares. JMP Securities boosted their target price on Bowhead Specialty from $38.00 to $40.00 and gave the company a "market outperform" rating in a report on Friday, April 11th. Piper Sandler started coverage on Bowhead Specialty in a report on Wednesday, April 16th. They issued an "overweight" rating and a $44.00 target price on the stock. JPMorgan Chase & Co. boosted their target price on Bowhead Specialty from $30.00 to $35.00 and gave the company a "neutral" rating in a report on Tuesday, April 8th. Finally, Keefe, Bruyette & Woods dropped their target price on Bowhead Specialty from $44.00 to $43.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $37.17.

Insider Transactions at Bowhead Specialty

In other news, Director Ava Schnidman purchased 1,493 shares of the stock in a transaction dated Friday, February 28th. The stock was acquired at an average cost of $33.41 per share, for a total transaction of $49,881.13. Following the completion of the acquisition, the director now directly owns 1,893 shares in the company, valued at $63,245.13. This represents a 373.25 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Bowhead Specialty Stock Performance

BOW traded up $0.18 during midday trading on Thursday, reaching $40.37. 167,226 shares of the company's stock were exchanged, compared to its average volume of 227,637. The business's 50-day moving average price is $37.76 and its 200 day moving average price is $34.74. 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 issued its quarterly earnings results on Tuesday, February 25th. The company reported $0.42 EPS for the quarter, topping analysts' consensus estimates of $0.35 by $0.07. The firm had revenue of $184.77 million for the quarter, compared to analysts' expectations of $102.12 million. As a group, research analysts predict that Bowhead Specialty Holdings Inc. will post 1.36 EPS for the current fiscal year.

Bowhead Specialty Profile

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.