EntryPoint Capital LLC Purchases New Stake in Bowhead Specialty Holdings Inc. (NYSE:BOW)

EntryPoint Capital LLC purchased a new position in Bowhead Specialty Holdings Inc. (NYSE:BOW) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 10,585 shares of the company’s stock, valued at approximately $376,000.

A number of other hedge funds have also recently modified their holdings of the company. American Family Investments Inc. bought a new stake in shares of Bowhead Specialty in the third quarter worth about $169,826,000. Victory Capital Management Inc. grew its position in shares of Bowhead Specialty by 129.0% in the 4th quarter. Victory Capital Management Inc. now owns 1,508,003 shares of the company’s stock worth $53,564,000 after buying an additional 849,408 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Bowhead Specialty by 55.1% in the 4th quarter. Vanguard Group Inc. now owns 647,182 shares of the company’s stock worth $22,988,000 after buying an additional 230,039 shares during the last quarter. Peregrine Capital Management LLC increased its stake in shares of Bowhead Specialty by 143.3% during the fourth quarter. Peregrine Capital Management LLC now owns 295,723 shares of the company’s stock valued at $10,504,000 after buying an additional 174,172 shares during the period. Finally, Geode Capital Management LLC bought a new position in shares of Bowhead Specialty during the third quarter valued at approximately $4,691,000.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods raised shares of Bowhead Specialty from a “market perform” rating to an “outperform” rating and set a $44.00 price objective on the stock in a research report on Monday, March 3rd. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $33.60.

Insider Buying and Selling

In other Bowhead Specialty news, Director Ava Schnidman bought 1,493 shares of the stock in a transaction dated Friday, February 28th. The stock was purchased at an average cost of $33.41 per share, for a total transaction of $49,881.13. Following the completion of the acquisition, the director now owns 1,893 shares of the company’s stock, valued at approximately $63,245.13. This trade represents a 373.25 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Bowhead Specialty Stock Performance

BOW opened at $40.36 on Thursday. Bowhead Specialty Holdings Inc. has a 52 week low of $22.14 and a 52 week high of $41.79. The business has a 50 day moving average of $33.85 and a 200-day moving average of $32.73.

Bowhead Specialty (NYSE:BOW) last announced its earnings results on Tuesday, February 25th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.07. The business had revenue of $184.77 million for the quarter, compared to the consensus estimate of $102.12 million. As a group, analysts expect that Bowhead Specialty Holdings Inc. will post 1.36 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.