Ghisallo Capital Management LLC Invests $2.15 Million in Bowhead Specialty Holdings Inc. (NYSE:BOW)

Ghisallo Capital Management LLC purchased a new position in shares of Bowhead Specialty Holdings Inc. (NYSE:BOW) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 85,000 shares of the company’s stock, valued at approximately $2,154,000.

Several other hedge funds also recently modified their holdings of BOW. Point72 Asset Management L.P. acquired a new position in shares of Bowhead Specialty during the 2nd quarter worth $117,000. Sandia Investment Management LP acquired a new position in shares of Bowhead Specialty during the 2nd quarter worth $127,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Bowhead Specialty during the 2nd quarter worth $192,000. Davidson Kempner Capital Management LP acquired a new position in shares of Bowhead Specialty during the 2nd quarter worth $253,000. Finally, TD Asset Management Inc acquired a new position in shares of Bowhead Specialty during the 2nd quarter worth $265,000.

Bowhead Specialty Trading Up 4.5 %

NYSE BOW opened at $29.28 on Wednesday. The stock has a fifty day moving average of $28.68. Bowhead Specialty Holdings Inc. has a 52-week low of $22.14 and a 52-week high of $32.55.

Bowhead Specialty (NYSE:BOW) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.01. The company had revenue of $98.90 million during the quarter, compared to analyst estimates of $94.28 million. The business’s revenue for the quarter was up 51.0% on a year-over-year basis. Research analysts forecast that Bowhead Specialty Holdings Inc. will post 1.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on BOW shares. JMP Securities started coverage on shares of Bowhead Specialty in a research note on Monday, June 17th. They set an “outperform” rating and a $31.00 price target on the stock. JPMorgan Chase & Co. initiated coverage on shares of Bowhead Specialty in a research note on Monday, June 17th. They issued a “neutral” rating and a $27.00 target price on the stock. Keefe, Bruyette & Woods initiated coverage on shares of Bowhead Specialty in a research note on Monday, June 17th. They issued a “market perform” rating and a $30.00 target price on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $32.00 target price on shares of Bowhead Specialty in a research note on Wednesday, August 7th. Finally, Morgan Stanley initiated coverage on shares of Bowhead Specialty in a research note on Monday, June 17th. They issued an “equal weight” rating and a $26.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $29.20.

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.