Emerald Mutual Fund Advisers Trust Lowers Stock Position in Bowhead Specialty Holdings Inc. $BOW

Emerald Mutual Fund Advisers Trust trimmed its stake in Bowhead Specialty Holdings Inc. (NYSE:BOW) by 28.5% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 115,755 shares of the company’s stock after selling 46,057 shares during the period. Emerald Mutual Fund Advisers Trust owned about 0.35% of Bowhead Specialty worth $3,130,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. State of Alaska Department of Revenue acquired a new stake in Bowhead Specialty in the 3rd quarter valued at approximately $42,000. Raymond James Financial Inc. purchased a new position in shares of Bowhead Specialty during the second quarter worth $52,000. Tower Research Capital LLC TRC boosted its position in shares of Bowhead Specialty by 99.0% during the second quarter. Tower Research Capital LLC TRC now owns 1,926 shares of the company’s stock worth $72,000 after buying an additional 958 shares during the period. Police & Firemen s Retirement System of New Jersey grew its stake in shares of Bowhead Specialty by 38.2% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 3,575 shares of the company’s stock valued at $134,000 after buying an additional 989 shares in the last quarter. Finally, NewEdge Advisors LLC purchased a new stake in shares of Bowhead Specialty in the 1st quarter valued at $206,000.

Analysts Set New Price Targets

BOW has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lowered their target price on Bowhead Specialty from $39.00 to $33.00 and set a “neutral” rating for the company in a report on Thursday, October 9th. Morgan Stanley reduced their price target on shares of Bowhead Specialty from $31.00 to $29.00 and set an “equal weight” rating on the stock in a research report on Monday, November 17th. JMP Securities dropped their price objective on shares of Bowhead Specialty from $43.00 to $40.00 and set a “market outperform” rating for the company in a report on Tuesday, October 14th. Royal Bank Of Canada assumed coverage on shares of Bowhead Specialty in a research note on Monday, November 24th. They set an “outperform” rating and a $33.00 target price on the stock. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Bowhead Specialty from $38.00 to $36.00 and set an “outperform” rating for the company in a research report on Tuesday, January 6th. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $33.83.

Bowhead Specialty Stock Performance

BOW stock opened at $25.35 on Friday. The company’s 50 day moving average price is $26.89 and its 200 day moving average price is $28.34. The firm has a market capitalization of $830.81 million, a price-to-earnings ratio of 16.25 and a beta of -1.06. Bowhead Specialty Holdings Inc. has a fifty-two week low of $23.50 and a fifty-two week high of $42.29.

Bowhead Specialty (NYSE:BOW) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.07. Bowhead Specialty had a net margin of 10.12% and a return on equity of 13.53%. The company had revenue of $143.93 million during the quarter, compared to the consensus estimate of $144.01 million. Equities analysts forecast that Bowhead Specialty Holdings Inc. will post 1.36 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.