Dockside LLC Acquires Shares of 37,497 Bowhead Specialty Holdings Inc. $BOW

Dockside LLC purchased a new position in shares of Bowhead Specialty Holdings Inc. (NYSE:BOW) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 37,497 shares of the company’s stock, valued at approximately $1,070,000. Dockside LLC owned 0.11% of Bowhead Specialty at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Langdon Equity Partners acquired a new stake in shares of Bowhead Specialty during the 4th quarter worth approximately $28,000. Raymond James Financial Inc. acquired a new stake in shares of Bowhead Specialty during the 2nd quarter worth approximately $52,000. CWM LLC grew its position in shares of Bowhead Specialty by 257.7% during the 4th quarter. CWM LLC now owns 1,481 shares of the company’s stock worth $42,000 after buying an additional 1,067 shares during the period. Tower Research Capital LLC TRC grew its position in shares of Bowhead Specialty by 99.0% during the 2nd 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. Finally, Signaturefd LLC grew its position in shares of Bowhead Specialty by 5,123.4% during the 4th quarter. Signaturefd LLC now owns 3,343 shares of the company’s stock worth $95,000 after buying an additional 3,279 shares during the period.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Citizens Jmp lowered their price target on shares of Bowhead Specialty from $38.00 to $35.00 and set a “market outperform” rating for the company in a research report on Monday, April 13th. Weiss Ratings cut shares of Bowhead Specialty from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. Royal Bank Of Canada lowered their price target on shares of Bowhead Specialty from $33.00 to $30.00 and set an “outperform” rating for the company in a research report on Wednesday, February 25th. UBS Group set a $28.00 price target on shares of Bowhead Specialty in a research report on Thursday, May 21st. Finally, Piper Sandler lifted their price target on shares of Bowhead Specialty from $28.00 to $32.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 26th. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $31.43.

Bowhead Specialty Stock Up 0.2%

Shares of NYSE BOW opened at $27.37 on Monday. The stock has a market cap of $898.86 million, a P/E ratio of 15.82, a P/E/G ratio of 0.82 and a beta of -0.01. The firm has a 50 day moving average price of $25.61 and a 200 day moving average price of $25.40. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.47 and a current ratio of 0.47. Bowhead Specialty Holdings Inc. has a 52-week low of $21.21 and a 52-week high of $37.98.

Bowhead Specialty (NYSE:BOW) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.06. The firm had revenue of $155.69 million during the quarter, compared to analysts’ expectations of $211.74 million. Bowhead Specialty had a net margin of 9.99% and a return on equity of 13.80%. Analysts expect that Bowhead Specialty Holdings Inc. will post 1.97 EPS for the current year.

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.