Bowhead Specialty Holdings Inc. (NYSE:BOW) Short Interest Update

Bowhead Specialty Holdings Inc. (NYSE:BOW) was the recipient of a significant drop in short interest in the month of February. As of February 13th, there was short interest totaling 789,713 shares, a drop of 26.9% from the January 29th total of 1,080,981 shares. Based on an average trading volume of 202,873 shares, the short-interest ratio is currently 3.9 days. Approximately 2.4% of the shares of the company are short sold. Approximately 2.4% of the shares of the company are short sold. Based on an average trading volume of 202,873 shares, the short-interest ratio is currently 3.9 days.

Bowhead Specialty Price Performance

Shares of NYSE:BOW opened at $24.79 on Wednesday. The company’s fifty day moving average price is $25.51 and its 200-day moving average price is $26.79. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.52 and a quick ratio of 0.52. The firm has a market capitalization of $812.62 million, a price-to-earnings ratio of 15.59, a PEG ratio of 0.77 and a beta of -1.06. Bowhead Specialty has a one year low of $22.15 and a one year high of $42.29.

Bowhead Specialty (NYSE:BOW) last released its earnings results on Tuesday, February 24th. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.02. Bowhead Specialty had a return on equity of 13.27% and a net margin of 9.75%.The business had revenue of $151.68 million for the quarter, compared to analysts’ expectations of $145.99 million. On average, equities research analysts anticipate that Bowhead Specialty will post 1.36 earnings per share for the current fiscal year.

Institutional Trading of Bowhead Specialty

A number of hedge funds have recently bought and sold shares of BOW. American Family Investments Inc. boosted its stake in Bowhead Specialty by 6.9% in the second quarter. American Family Investments Inc. now owns 5,023,778 shares of the company’s stock worth $188,542,000 after buying an additional 323,017 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Bowhead Specialty by 2.6% in the 4th quarter. Victory Capital Management Inc. now owns 1,564,326 shares of the company’s stock valued at $44,646,000 after purchasing an additional 39,041 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Bowhead Specialty by 36.7% in the 3rd quarter. Vanguard Group Inc. now owns 1,506,887 shares of the company’s stock valued at $40,746,000 after purchasing an additional 404,199 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Bowhead Specialty by 73.3% during the 3rd quarter. American Century Companies Inc. now owns 1,412,408 shares of the company’s stock valued at $38,192,000 after purchasing an additional 597,191 shares during the last quarter. Finally, Polar Capital Holdings Plc raised its position in Bowhead Specialty by 77.6% in the 4th quarter. Polar Capital Holdings Plc now owns 1,225,000 shares of the company’s stock worth $34,962,000 after purchasing an additional 535,065 shares during the period.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Weiss Ratings restated a “hold (c-)” rating on shares of Bowhead Specialty in a research note on Monday, December 29th. Morgan Stanley cut 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 research report on Monday, November 17th. Piper Sandler upped their target price on shares of Bowhead Specialty from $30.00 to $32.00 and gave the stock an “overweight” rating in a report on Monday, December 22nd. Royal Bank Of Canada lowered their target price on shares of Bowhead Specialty from $33.00 to $30.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 25th. Finally, Zacks Research raised shares of Bowhead Specialty from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 24th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $33.33.

Bowhead Specialty Company 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.