Dockside LLC Acquires New Holdings in Bowhead Specialty Holdings Inc. $BOW

Dockside LLC acquired a new stake in shares of Bowhead Specialty Holdings Inc. (NYSE:BOW) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 37,497 shares of the company’s stock, valued at approximately $1,070,000.

A number of other institutional investors have also recently bought and sold shares of the stock. First Trust Advisors LP bought a new position in Bowhead Specialty in the fourth quarter valued at approximately $1,037,000. Charles Schwab Investment Management Inc. lifted its stake in Bowhead Specialty by 3.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 145,878 shares of the company’s stock valued at $4,163,000 after buying an additional 4,343 shares in the last quarter. State Street Corp lifted its stake in Bowhead Specialty by 14.1% in the fourth quarter. State Street Corp now owns 378,865 shares of the company’s stock valued at $10,813,000 after buying an additional 46,766 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Bowhead Specialty by 2.6% in the fourth quarter. Victory Capital Management Inc. now owns 1,564,326 shares of the company’s stock valued at $44,646,000 after buying an additional 39,041 shares in the last quarter. Finally, Ieq Capital LLC bought a new position in Bowhead Specialty in the fourth quarter valued at approximately $223,000.

Bowhead Specialty Stock Performance

Shares of BOW stock opened at $27.37 on Monday. The company’s fifty day simple moving average is $25.61 and its 200-day simple moving average is $25.40. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.32. The firm has a market cap of $898.86 million, a PE ratio of 15.82, a P/E/G ratio of 0.82 and a beta of -0.01. Bowhead Specialty Holdings Inc. has a 12 month low of $21.21 and a 12 month high of $37.98.

Bowhead Specialty (NYSE:BOW) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.06. The business had revenue of $155.69 million for the quarter, compared to analyst estimates of $211.74 million. Bowhead Specialty had a net margin of 9.99% and a return on equity of 13.80%. Equities research analysts expect that Bowhead Specialty Holdings Inc. will post 1.97 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on BOW shares. Keefe, Bruyette & Woods lifted their price target on shares of Bowhead Specialty from $31.00 to $34.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. UBS Group set a $28.00 price target on shares of Bowhead Specialty in a research note on Thursday, May 21st. Piper Sandler lifted their price target on shares of Bowhead Specialty from $28.00 to $32.00 and gave the company an “overweight” rating in a research note on Tuesday, May 26th. Zacks Research raised shares of Bowhead Specialty from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 24th. Finally, Weiss Ratings lowered shares of Bowhead Specialty from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Bowhead Specialty presently has an average rating of “Moderate Buy” and a consensus target price of $31.43.

About Bowhead Specialty

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.