Driehaus Capital Management LLC Takes Position in Bowhead Specialty Holdings Inc. (NYSE:BOW)

Driehaus Capital Management LLC purchased a new position in Bowhead Specialty Holdings Inc. (NYSE:BOW) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 310,437 shares of the company’s stock, valued at approximately $7,866,000. Driehaus Capital Management LLC owned about 0.98% of Bowhead Specialty at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Sandia Investment Management LP bought a new stake in shares of Bowhead Specialty in the 2nd quarter worth about $127,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Bowhead Specialty in the second quarter worth about $192,000. Davidson Kempner Capital Management LP bought a new stake in Bowhead Specialty in the second quarter valued at about $253,000. TD Asset Management Inc acquired a new stake in Bowhead Specialty during the second quarter valued at approximately $265,000. Finally, Rathbones Group PLC bought a new position in Bowhead Specialty during the 2nd quarter worth approximately $266,000.

Bowhead Specialty Stock Performance

BOW stock opened at $27.69 on Monday. The business has a 50-day moving average price of $28.67. Bowhead Specialty Holdings Inc. has a fifty-two week low of $22.14 and a fifty-two week high of $32.55.

Bowhead Specialty (NYSE:BOW) last announced 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 analyst estimates of $94.28 million. The business’s quarterly revenue was up 51.0% compared to the same quarter last year. As a group, research analysts forecast that Bowhead Specialty Holdings Inc. will post 1.3 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. JMP Securities started coverage on Bowhead Specialty in a research report on Monday, June 17th. They set an “outperform” rating and a $31.00 price target on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $32.00 price target on shares of Bowhead Specialty in a research report on Wednesday, August 7th. Morgan Stanley assumed coverage on shares of Bowhead Specialty in a research report on Monday, June 17th. They set an “equal weight” rating and a $26.00 price objective for the company. JPMorgan Chase & Co. started coverage on shares of Bowhead Specialty in a report on Monday, June 17th. They issued a “neutral” rating and a $27.00 target price on the stock. Finally, Keefe, Bruyette & Woods started coverage on Bowhead Specialty in a report on Monday, June 17th. They set a “market perform” rating and a $30.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $29.20.

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.