Stocks

Short Interest in Bowhead Specialty Holdings Inc. (NYSE:BOW) Increases by 19.0%

Published February 16, 2025

Bowhead Specialty Holdings Inc. (NYSE:BOW - Get Free Report) experienced a notable rise in short interest in January. As of January 31st, the total short interest was recorded at 454,200 shares, marking a significant increase of 19.0% compared to the previous total of 381,600 shares noted on January 15th. This means that currently, about 2.1% of the company's shares are sold short. With an average daily trading volume of 154,100 shares, the days-to-cover ratio is approximately 2.9 days.

Institutional Trading of Bowhead Specialty

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Several hedge funds have recently adjusted their holdings in Bowhead Specialty. Gallatin Point Capital LLC invested in shares of Bowhead Specialty during the fourth quarter, acquiring a new stake valued at approximately $389,599,000. Additionally, American Family Investments Inc. also bought a new stake in the firm during the third quarter, worth around $169,826,000. Furthermore, Victory Capital Management Inc. has increased its stake in Bowhead Specialty by 129.0% over the last quarter, now owning 1,508,003 shares valued at $53,564,000, after an addition of 849,408 shares. Wasatch Advisors LP raised its holdings by 125.3%, now owning 812,901 shares worth $28,874,000 after increasing its stake by 452,033 shares. Vanguard Group Inc. raised its investment in Bowhead by 55.1%, now holding 647,182 shares valued at $22,988,000 after adding 230,039 shares in the last quarter.

Bowhead Specialty Price Performance

On Friday, shares of NYSE BOW fell by $0.80, bringing the stock price to $32.03 during mid-day trading. The trading volume registered at 91,147 shares, surpassing the average volume of 81,617 shares. The stock's fifty-day moving average stands at $33.58, while the two-hundred day moving average is at $31.56. Bowhead Specialty has seen a low of $22.14 and a high of $37.81 over the past year.

Analyst Ratings Changes

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Bowhead Specialty has been the focus of several recent analyst reports. JPMorgan Chase & Co. upgraded their price target for Bowhead shares from $26.00 to $30.00, maintaining a "neutral" rating as of November 7th. Meanwhile, Keefe, Bruyette & Woods increased their target from $36.00 to $44.00, providing a "market perform" rating on January 10th. JMP Securities raised their price target from $32.00 to $33.00 and rated the company as "market outperform" on November 6th. Royal Bank of Canada also adjusted their target price from $32.00 to $35.00, giving the company an "outperform" rating on the same day. Currently, three investment analysts have rated the stock as a hold, while two have awarded it a buy rating. According to MarketBeat.com, the average rating for the stock is "Hold", and the consensus price target is $33.60.

Bowhead Specialty Company Profile

Bowhead Specialty Holdings Inc offers specialized property and casualty insurance products within the United States. The company provides underwriting for various insurance needs, including solutions for risks associated with construction, distribution, heavy manufacturing, real estate, and hospitality. It also addresses professional liability insurance for financial institutions and oversight liabilities, alongside healthcare solutions for hospitals, senior care facilities, managed care organizations, and diverse medical entities.

Read Our Latest Stock Analysis on BOW

Short Interest in Bowhead Specialty Holdings Inc. (NYSE:BOW) Increases by 19.0%

Bowhead Specialty Price Performance

Analyst Ratings Changes

Bowhead Specialty Company Profile

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