Ghisallo Capital Management LLC Lowers Position in Bowhead Specialty Holdings Inc. $BOW

Ghisallo Capital Management LLC decreased its position in shares of Bowhead Specialty Holdings Inc. (NYSE:BOW) by 50.0% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 50,000 shares of the company’s stock after selling 50,000 shares during the quarter. Ghisallo Capital Management LLC owned approximately 0.15% of Bowhead Specialty worth $1,352,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of BOW. Boston Partners grew its position in shares of Bowhead Specialty by 11.6% during the third quarter. Boston Partners now owns 17,704 shares of the company’s stock worth $479,000 after purchasing an additional 1,846 shares in the last quarter. UBS Group AG lifted its holdings in Bowhead Specialty by 468.4% in the 3rd quarter. UBS Group AG now owns 79,980 shares of the company’s stock worth $2,163,000 after purchasing an additional 65,908 shares in the last quarter. Legal & General Group Plc boosted its stake in Bowhead Specialty by 13.9% in the 3rd quarter. Legal & General Group Plc now owns 16,907 shares of the company’s stock worth $457,000 after purchasing an additional 2,058 shares during the period. Russell Investments Group Ltd. boosted its stake in Bowhead Specialty by 78.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 94,925 shares of the company’s stock worth $2,567,000 after purchasing an additional 41,674 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Bowhead Specialty during the 3rd quarter valued at approximately $826,000.

Analyst Ratings Changes

A number of brokerages have issued reports on BOW. Zacks Research upgraded shares of Bowhead Specialty from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 24th. Morgan Stanley dropped their price objective on shares of Bowhead Specialty from $31.00 to $29.00 and set an “equal weight” rating for the company in a report on Monday, November 17th. Piper Sandler raised their price objective on Bowhead Specialty from $30.00 to $32.00 and gave the company an “overweight” rating in a research report on Monday, December 22nd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Bowhead Specialty in a report on Monday, December 29th. Finally, Royal Bank Of Canada decreased their target price on Bowhead Specialty from $33.00 to $30.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 25th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $33.33.

Bowhead Specialty Stock Up 0.5%

NYSE:BOW opened at $22.55 on Friday. The company has a market cap of $739.25 million, a price-to-earnings ratio of 14.18, a price-to-earnings-growth ratio of 0.68 and a beta of -1.06. Bowhead Specialty Holdings Inc. has a twelve month low of $21.93 and a twelve month high of $42.29. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.33. The stock has a fifty day simple moving average of $24.69 and a 200-day simple moving average of $26.42.

Bowhead Specialty (NYSE:BOW) last issued its earnings results on Tuesday, February 24th. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.02. The business had revenue of $151.68 million for the quarter, compared to analyst estimates of $145.99 million. Bowhead Specialty had a net margin of 9.75% and a return on equity of 13.27%. Analysts anticipate that Bowhead Specialty Holdings Inc. will post 1.36 EPS for the current year.

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.