Short Interest in Bowhead Specialty Holdings Inc. (NYSE:BOW) Expands By 19.0%

Bowhead Specialty Holdings Inc. (NYSE:BOW) was the target of a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 454,200 shares, a growth of 19.0% from the January 15th total of 381,600 shares. Currently, 2.1% of the shares of the company are sold short. Based on an average trading volume of 154,100 shares, the short-interest ratio is currently 2.9 days.

Institutional Trading of Bowhead Specialty

A number of hedge funds have recently made changes to their positions in BOW. Gallatin Point Capital LLC purchased a new stake in shares of Bowhead Specialty in the fourth quarter worth approximately $389,599,000. American Family Investments Inc. purchased a new stake in shares of Bowhead Specialty in the third quarter worth approximately $169,826,000. Victory Capital Management Inc. raised its position in Bowhead Specialty by 129.0% during the fourth quarter. Victory Capital Management Inc. now owns 1,508,003 shares of the company’s stock valued at $53,564,000 after acquiring an additional 849,408 shares in the last quarter. Wasatch Advisors LP raised its position in Bowhead Specialty by 125.3% during the fourth quarter. Wasatch Advisors LP now owns 812,901 shares of the company’s stock valued at $28,874,000 after acquiring an additional 452,033 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in Bowhead Specialty by 55.1% during the fourth quarter. Vanguard Group Inc. now owns 647,182 shares of the company’s stock valued at $22,988,000 after acquiring an additional 230,039 shares in the last quarter.

Bowhead Specialty Price Performance

Shares of NYSE BOW traded down $0.80 during mid-day trading on Friday, reaching $32.03. The company had a trading volume of 91,147 shares, compared to its average volume of 81,617. The stock has a fifty day moving average of $33.58 and a two-hundred day moving average of $31.56. Bowhead Specialty has a 12-month low of $22.14 and a 12-month high of $37.81.

Analyst Ratings Changes

BOW has been the subject of several recent research reports. JPMorgan Chase & Co. upped their price target on shares of Bowhead Specialty from $26.00 to $30.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Keefe, Bruyette & Woods increased their target price on shares of Bowhead Specialty from $36.00 to $44.00 and gave the company a “market perform” rating in a research report on Friday, January 10th. JMP Securities increased their target price on shares of Bowhead Specialty from $32.00 to $33.00 and gave the company a “market outperform” rating in a research report on Wednesday, November 6th. Finally, Royal Bank of Canada increased their target price on shares of Bowhead Specialty from $32.00 to $35.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $33.60.

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.