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

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

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their price objective on shares of Bowhead Specialty from $26.00 to $30.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Keefe, Bruyette & Woods raised their price objective on shares of Bowhead Specialty from $36.00 to $44.00 and gave the stock a “market perform” rating in a research note on Friday, January 10th. JMP Securities raised their target price on Bowhead Specialty from $32.00 to $33.00 and gave the stock a “market outperform” rating in a research report on Wednesday, November 6th. Finally, Royal Bank of Canada raised their target price on Bowhead Specialty from $32.00 to $35.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $33.60.

Bowhead Specialty Stock Down 2.4 %

NYSE BOW traded down $0.80 on Friday, hitting $32.03. 91,147 shares of the company were exchanged, compared to its average volume of 81,617. The firm has a 50 day moving average of $33.58 and a two-hundred day moving average of $31.56. Bowhead Specialty has a 1-year low of $22.14 and a 1-year high of $37.81.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Emerald Mutual Fund Advisers Trust increased its stake in shares of Bowhead Specialty by 0.5% in the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 194,333 shares of the company’s stock valued at $5,443,000 after acquiring an additional 937 shares during the last quarter. Emerald Advisers LLC increased its stake in Bowhead Specialty by 3.3% during the 3rd quarter. Emerald Advisers LLC now owns 242,633 shares of the company’s stock worth $6,796,000 after purchasing an additional 7,683 shares in the last quarter. Victory Capital Management Inc. increased its stake in Bowhead Specialty by 4.5% during the 3rd quarter. Victory Capital Management Inc. now owns 658,595 shares of the company’s stock worth $18,447,000 after purchasing an additional 28,235 shares in the last quarter. Charles Schwab Investment Management Inc. bought a new stake in Bowhead Specialty during the 3rd quarter worth approximately $1,829,000. Finally, The Manufacturers Life Insurance Company increased its stake in Bowhead Specialty by 5.2% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 60,508 shares of the company’s stock worth $1,695,000 after purchasing an additional 2,976 shares in the last quarter.

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.