Tudor Investment Corp ET AL Reduces Stock Position in Bowhead Specialty Holdings Inc. $BOW

Tudor Investment Corp ET AL lessened its stake in shares of Bowhead Specialty Holdings Inc. (NYSE:BOW) by 85.1% in the third quarter, HoldingsChannel reports. The firm owned 7,426 shares of the company’s stock after selling 42,394 shares during the quarter. Tudor Investment Corp ET AL’s holdings in Bowhead Specialty were worth $201,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BOW. State of Alaska Department of Revenue purchased a new stake in Bowhead Specialty during the 3rd quarter worth about $42,000. Raymond James Financial Inc. purchased a new stake in Bowhead Specialty during the 2nd quarter worth about $52,000. Tower Research Capital LLC TRC increased its position in Bowhead Specialty by 99.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,926 shares of the company’s stock worth $72,000 after purchasing an additional 958 shares in the last quarter. Quarry LP increased its position in Bowhead Specialty by 19,489.5% during the 3rd quarter. Quarry LP now owns 3,722 shares of the company’s stock worth $101,000 after purchasing an additional 3,703 shares in the last quarter. Finally, NewEdge Advisors LLC purchased a new stake in Bowhead Specialty during the 1st quarter worth about $206,000.

Bowhead Specialty Price Performance

BOW opened at $24.60 on Friday. The company’s 50 day simple moving average is $23.61 and its 200 day simple moving average is $25.31. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.52 and a current ratio of 0.52. Bowhead Specialty Holdings Inc. has a 1 year low of $21.21 and a 1 year high of $41.98. The stock has a market capitalization of $807.70 million, a PE ratio of 15.47, a P/E/G ratio of 0.74 and a beta of -0.49.

Bowhead Specialty (NYSE:BOW) last released its earnings results on Tuesday, February 24th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.02. Bowhead Specialty had a net margin of 9.75% and a return on equity of 13.27%. The business had revenue of $151.68 million for the quarter, compared to analysts’ expectations of $145.99 million. As a group, sell-side analysts expect that Bowhead Specialty Holdings Inc. will post 1.36 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on BOW shares. Zacks Research upgraded Bowhead Specialty from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 24th. Piper Sandler lifted their price objective on Bowhead Specialty from $30.00 to $32.00 and gave the stock an “overweight” rating in a research report on Monday, December 22nd. Morgan Stanley dropped their price objective on Bowhead Specialty from $27.00 to $25.00 and set an “equal weight” rating for the company in a research report on Monday, April 6th. Citizens Jmp dropped their price objective on Bowhead Specialty from $38.00 to $35.00 and set a “market outperform” rating for the company in a research report on Monday, April 13th. Finally, Royal Bank Of Canada dropped their price objective on Bowhead Specialty from $33.00 to $30.00 and set an “outperform” rating for the company in a research report on Wednesday, February 25th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Bowhead Specialty has an average rating of “Moderate Buy” and an average target price of $31.83.

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.