Sandia Investment Management LP Acquires Shares of 10,000 Bowhead Specialty Holdings Inc. (NYSE:BOW)

Sandia Investment Management LP purchased a new position in Bowhead Specialty Holdings Inc. (NYSE:BOW - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 10,000 shares of the company's stock, valued at approximately $355,000.

Several other large investors also recently bought and sold shares of BOW. Gallatin Point Capital LLC acquired a new position in shares of Bowhead Specialty in the 4th quarter valued at approximately $389,599,000. Victory Capital Management Inc. grew its stake in Bowhead Specialty by 129.0% in the fourth quarter. Victory Capital Management Inc. now owns 1,508,003 shares of the company's stock worth $53,564,000 after purchasing an additional 849,408 shares in the last quarter. Wasatch Advisors LP grew its stake in Bowhead Specialty by 125.3% in the fourth quarter. Wasatch Advisors LP now owns 812,901 shares of the company's stock worth $28,874,000 after purchasing an additional 452,033 shares in the last quarter. Polar Capital Holdings Plc increased its holdings in Bowhead Specialty by 160.3% in the fourth quarter. Polar Capital Holdings Plc now owns 550,000 shares of the company's stock valued at $19,536,000 after buying an additional 338,738 shares during the last quarter. Finally, Balyasny Asset Management L.P. raised its stake in Bowhead Specialty by 274.8% during the fourth quarter. Balyasny Asset Management L.P. now owns 314,684 shares of the company's stock valued at $11,178,000 after buying an additional 230,722 shares in the last quarter.

Bowhead Specialty Trading Down 2.5%

BOW traded down $0.93 on Thursday, reaching $37.15. The company had a trading volume of 56,769 shares, compared to its average volume of 217,170. Bowhead Specialty Holdings Inc. has a one year low of $22.14 and a one year high of $42.29. The company has a market capitalization of $1.21 billion and a P/E ratio of 28.33. The company has a fifty day moving average of $39.40 and a 200-day moving average of $35.70.

Bowhead Specialty (NYSE:BOW - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.33 by $0.01. The firm had revenue of $174.85 million for the quarter, compared to the consensus estimate of $105.17 million. Research analysts predict that Bowhead Specialty Holdings Inc. will post 1.36 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on BOW shares. JPMorgan Chase & Co. lifted their target price on Bowhead Specialty from $30.00 to $35.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 8th. Keefe, Bruyette & Woods increased their target price on shares of Bowhead Specialty from $43.00 to $45.00 and gave the stock an "outperform" rating in a report on Friday, May 9th. Morgan Stanley boosted their price objective on shares of Bowhead Specialty from $36.00 to $39.00 and gave the company an "equal weight" rating in a research report on Monday. JMP Securities raised their target price on shares of Bowhead Specialty from $38.00 to $40.00 and gave the stock a "market outperform" rating in a report on Friday, April 11th. Finally, Piper Sandler initiated 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. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $39.67.

Insider Activity at Bowhead Specialty

In other Bowhead Specialty news, Director Ava Schnidman acquired 1,493 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The stock was purchased 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 owns 1,893 shares of the company's stock, valued at approximately $63,245.13. This trade represents a 373.25% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Bowhead Specialty Company 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.