Crestline Management LP Makes New $239,000 Investment in Bowhead Specialty Holdings Inc. (NYSE:BOW)

Crestline Management LP purchased a new position in shares of Bowhead Specialty Holdings Inc. (NYSE:BOW) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 6,716 shares of the company’s stock, valued at approximately $239,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Summit Investment Advisors Inc. lifted its holdings in shares of Bowhead Specialty by 66.4% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,218 shares of the company’s stock valued at $43,000 after acquiring an additional 486 shares during the period. New York State Common Retirement Fund bought a new position in shares of Bowhead Specialty during the fourth quarter valued at $64,000. US Bancorp DE bought a new position in shares of Bowhead Specialty during the fourth quarter valued at $76,000. KLP Kapitalforvaltning AS bought a new position in shares of Bowhead Specialty during the fourth quarter valued at $107,000. Finally, Pictet Asset Management Holding SA bought a new position in shares of Bowhead Specialty during the fourth quarter valued at $145,000.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on BOW shares. JPMorgan Chase & Co. lifted their price target on Bowhead Specialty from $30.00 to $35.00 and gave the company a “neutral” rating in a report on Tuesday, April 8th. Piper Sandler started coverage on Bowhead Specialty in a report on Wednesday, April 16th. They issued an “overweight” rating and a $44.00 price target for the company. JMP Securities lifted their price target on Bowhead Specialty from $38.00 to $40.00 and gave the company a “market outperform” rating in a report on Friday, April 11th. Finally, Keefe, Bruyette & Woods lifted their price target on Bowhead Specialty from $43.00 to $45.00 and gave the company an “outperform” rating in a report on Friday. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Bowhead Specialty currently has a consensus rating of “Moderate Buy” and an average target price of $37.50.

Bowhead Specialty Trading Up 1.3%

Bowhead Specialty stock opened at $39.62 on Monday. The firm has a market capitalization of $1.29 billion and a P/E ratio of 30.24. Bowhead Specialty Holdings Inc. has a 1 year low of $22.14 and a 1 year high of $42.29. The business has a 50-day moving average of $38.71 and a 200-day moving average of $35.29.

Bowhead Specialty (NYSE:BOW) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.34 earnings per share (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 analyst estimates of $105.17 million. Research analysts anticipate that Bowhead Specialty Holdings Inc. will post 1.36 EPS for the current fiscal year.

Insider Activity at Bowhead Specialty

In other 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 price 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 in the company, valued at $63,245.13. This trade represents a 373.25% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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.