Ghisallo Capital Management LLC Invests $2.15 Million in Bowhead Specialty Holdings Inc. (NYSE:BOW)

Ghisallo Capital Management LLC purchased a new position in Bowhead Specialty Holdings Inc. (NYSE:BOW) in the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 85,000 shares of the company’s stock, valued at approximately $2,154,000. Ghisallo Capital Management LLC owned 0.26% of Bowhead Specialty at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Peregrine Capital Management LLC acquired a new stake in shares of Bowhead Specialty in the 2nd quarter worth approximately $3,073,000. Lighthouse Investment Partners LLC bought a new stake in shares of Bowhead Specialty in the 2nd quarter worth approximately $2,653,000. Emerald Mutual Fund Advisers Trust bought a new stake in shares of Bowhead Specialty in the 2nd quarter worth approximately $4,901,000. Emerald Advisers LLC bought a new stake in shares of Bowhead Specialty in the 2nd quarter worth approximately $5,954,000. Finally, American Century Companies Inc. bought a new stake in shares of Bowhead Specialty in the 2nd quarter worth approximately $23,148,000.

Bowhead Specialty Price Performance

Shares of NYSE:BOW opened at $29.28 on Wednesday. Bowhead Specialty Holdings Inc. has a 52 week low of $22.14 and a 52 week high of $32.55. The company has a 50 day moving average price of $28.68.

Bowhead Specialty (NYSE:BOW) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.27 by $0.01. The firm had revenue of $98.90 million during the quarter, compared to analysts’ expectations of $94.28 million. The business’s revenue was up 51.0% on a year-over-year basis. On average, research analysts expect that Bowhead Specialty Holdings Inc. will post 1.3 earnings per share for the current year.

Analyst Ratings Changes

BOW has been the topic of a number of research reports. Morgan Stanley initiated coverage on shares of Bowhead Specialty in a report on Monday, June 17th. They issued an “equal weight” rating and a $26.00 target price on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $32.00 target price on shares of Bowhead Specialty in a report on Wednesday, August 7th. Keefe, Bruyette & Woods initiated coverage on shares of Bowhead Specialty in a report on Monday, June 17th. They issued a “market perform” rating and a $30.00 target price on the stock. JMP Securities began coverage on shares of Bowhead Specialty in a report on Monday, June 17th. They issued an “outperform” rating and a $31.00 target price on the stock. Finally, JPMorgan Chase & Co. initiated coverage on shares of Bowhead Specialty in a report on Monday, June 17th. They set a “neutral” rating and a $27.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $29.20.

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.