Short Interest in Bowhead Specialty Holdings Inc. (NYSE:BOW) Sees 19.0% Increase

Bowhead Specialty Holdings Inc. (NYSE:BOW - Get Free Report) has recently experienced a notable increase in short interest throughout January. As of January 31st, the total short interest reached 454,200 shares, representing a significant rise of 19.0% from the 381,600 shares reported as of January 15th. Presently, short sales account for 2.1% of the company’s total stock. With an average daily trading volume of 154,100 shares, the current days-to-cover ratio stands at 2.9 days.

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Institutional Trading Activity of Bowhead Specialty

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Several hedge funds have recently adjusted their holdings in Bowhead Specialty. Notably, Gallatin Point Capital LLC established a new significant investment in the company during the fourth quarter, valued at approximately $389,599,000. Similarly, American Family Investments Inc. purchased a new position in Bowhead Specialty in the third quarter valued at about $169,826,000. Moreover, Victory Capital Management Inc. enhanced its stake by 129.0% during the fourth quarter, now holding 1,508,003 shares valued at $53,564,000 after buying an additional 849,408 shares. Wasatch Advisors LP also increased its stake by 125.3% in the same quarter, acquiring an extra 452,033 shares, bringing its total to 812,901 shares valued at $28,874,000. Lastly, Vanguard Group Inc. raised its holdings by 55.1% in the fourth quarter, adding 230,039 shares for a total of 647,182 shares worth $22,988,000.

Bowhead Specialty Price Movement

In midday trading on Friday, shares of NYSE BOW fell by $0.80, reaching $32.03. During this trading session, the company registered a volume of 91,147 shares, which is higher than its average volume of 81,617 shares. The stock shows a fifty-day moving average of $33.58 and a two-hundred day moving average of $31.56. Over the past year, Bowhead Specialty’s shares have fluctuated between a low of $22.14 and a high of $37.81.

Analyst Ratings Changes

• MarketBeat ‘Stock of the Week’: Bowlero Shows Strong Performance

The shares of Bowhead Specialty have recently attracted attention from various analysts. JPMorgan Chase & Co. increased their price target from $26.00 to $30.00, maintaining a “neutral” rating in their report dated November 7th. Further, Keefe, Bruyette & Woods raised their target price from $36.00 to $44.00 while giving the stock a “market perform” rating as of January 10th. JMP Securities also upped their price target from $32.00 to $33.00, assigning a “market outperform” rating in their analysis published on November 6th. Additionally, Royal Bank of Canada raised their target price from $32.00 to $35.00 in a report dated November 6th as well, rating the stock as “outperform”. A total of three investment analysts have issued a hold rating for the stock, while two have given it a buy rating, resulting in an average rating of “Hold” and a consensus price target of $33.60 according to MarketBeat.com.

Check Our Latest Stock Analysis for BOW

Bowhead Specialty Company Overview

(Get Free Report)

• Bowlero is Strategically Dominating the Bowling Sector

Bowhead Specialty Holdings Inc. specializes in providing property and casualty insurance solutions in the United States. The company offers diverse casualty insurance products addressing risks in sectors such as construction, distribution, heavy manufacturing, real estate, and hospitality. Furthermore, it provides professional liability insurance solutions tailored for financial institutions, as well as liability insurances covering directors, officers, errors and omissions, and cyber risks. Additionally, Bowhead Specialty caters healthcare insurance solutions addressing hospitals, senior care providers, managed care organizations, miscellaneous medical facilities, and healthcare management liabilities.

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This news summary was generated with advanced technology and financial data aiming to deliver prompt and accurate reporting. It has been reviewed for quality prior to publication.

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