Driehaus Capital Management LLC Purchases 26,522 Shares of Bowhead Specialty Holdings Inc. (NYSE:BOW)

Driehaus Capital Management LLC grew its position in shares of Bowhead Specialty Holdings Inc. (NYSE:BOW - Free Report) by 8.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 339,305 shares of the company's stock after buying an additional 26,522 shares during the period. Driehaus Capital Management LLC owned approximately 1.04% of Bowhead Specialty worth $12,052,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in BOW. Charles Schwab Investment Management Inc. increased its position in shares of Bowhead Specialty by 18.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 77,337 shares of the company's stock worth $2,747,000 after purchasing an additional 12,049 shares during the period. Gallatin Point Capital LLC acquired a new stake in shares of Bowhead Specialty during the fourth quarter valued at about $389,599,000. JPMorgan Chase & Co. boosted its stake in shares of Bowhead Specialty by 102.4% during the fourth quarter. JPMorgan Chase & Co. now owns 99,813 shares of the company's stock valued at $3,545,000 after purchasing an additional 50,491 shares in the last quarter. Barclays PLC acquired a new position in shares of Bowhead Specialty in the third quarter worth approximately $479,000. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of Bowhead Specialty in the fourth quarter worth approximately $583,000.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on BOW. JMP Securities lifted their target price on Bowhead Specialty from $38.00 to $40.00 and gave the stock a "market outperform" rating in a report on Friday, April 11th. Keefe, Bruyette & Woods upped their price target on Bowhead Specialty from $43.00 to $45.00 and gave the stock an "outperform" rating in a report on Friday, May 9th. JPMorgan Chase & Co. upped their price target on Bowhead Specialty from $30.00 to $35.00 and gave the stock a "neutral" rating in a report on Tuesday, April 8th. Finally, Piper Sandler initiated coverage on Bowhead Specialty in a report on Wednesday, April 16th. They set an "overweight" rating and a $44.00 price target for the company. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $37.50.

Bowhead Specialty Price Performance

Shares of NYSE BOW traded up $0.77 during trading on Thursday, reaching $38.78. 50,896 shares of the stock traded hands, compared to its average volume of 217,159. Bowhead Specialty Holdings Inc. has a 52-week low of $22.14 and a 52-week high of $42.29. The company has a 50-day moving average of $38.98 and a 200-day moving average of $35.39. The stock has a market capitalization of $1.27 billion and a P/E ratio of 29.59.

Bowhead Specialty (NYSE:BOW - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.01. The firm had revenue of $174.85 million for the quarter, compared to analysts' expectations of $105.17 million. Analysts expect that Bowhead Specialty Holdings Inc. will post 1.36 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Bowhead Specialty news, Director Ava Schnidman bought 1,493 shares of the firm's stock in a transaction on Friday, February 28th. The shares were acquired at an average cost of $33.41 per share, for a total transaction of $49,881.13. Following the purchase, the director now directly owns 1,893 shares of the company's stock, valued at $63,245.13. The trade was a 373.25% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

About Bowhead Specialty

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.