310,437 Shares in Bowhead Specialty Holdings Inc. (NYSE:BOW) Purchased by Driehaus Capital Management LLC

Driehaus Capital Management LLC purchased a new stake in Bowhead Specialty Holdings Inc. (NYSE:BOW) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 310,437 shares of the company’s stock, valued at approximately $7,866,000.

Several other hedge funds also recently made changes to their positions in the business. Sandia Investment Management LP acquired a new stake in Bowhead Specialty during the second quarter valued at approximately $127,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Bowhead Specialty in the second quarter valued at $192,000. Davidson Kempner Capital Management LP acquired a new stake in shares of Bowhead Specialty during the 2nd quarter valued at $253,000. TD Asset Management Inc bought a new stake in shares of Bowhead Specialty during the 2nd quarter worth $265,000. Finally, Rathbones Group PLC acquired a new position in shares of Bowhead Specialty in the 2nd quarter worth $266,000.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. initiated coverage on Bowhead Specialty in a report on Monday, June 17th. They set a “neutral” rating and a $27.00 target price for the company. 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 objective for the company. Royal Bank of Canada reissued an “outperform” rating and issued a $32.00 target price on shares of Bowhead Specialty in a research report on Wednesday, August 7th. Keefe, Bruyette & Woods assumed coverage on shares of Bowhead Specialty in a research report on Monday, June 17th. They issued a “market perform” rating and a $30.00 price target for the company. Finally, Morgan Stanley initiated coverage on shares of Bowhead Specialty in a research report on Monday, June 17th. They set an “equal weight” rating and a $26.00 price objective 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. Based on data from MarketBeat.com, Bowhead Specialty presently has a consensus rating of “Hold” and an average target price of $29.20.

Bowhead Specialty Stock Down 0.3 %

NYSE BOW opened at $27.69 on Monday. The stock has a 50 day moving average of $28.67. 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 released its earnings results on Tuesday, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. The company had revenue of $98.90 million during the quarter, compared to analysts’ expectations of $94.28 million. The company’s revenue for the quarter was up 51.0% on a year-over-year basis. Sell-side analysts predict that Bowhead Specialty Holdings Inc. will post 1.3 EPS for the current fiscal year.

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.