Peregrine Capital Management LLC Takes $3.07 Million Position in Bowhead Specialty Holdings Inc. (NYSE:BOW)

Peregrine Capital Management LLC bought a new position in shares of Bowhead Specialty Holdings Inc. (NYSE:BOW) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 121,280 shares of the company’s stock, valued at approximately $3,073,000.

Separately, Allspring Global Investments Holdings LLC acquired a new stake in Bowhead Specialty during the 2nd quarter worth about $2,770,000.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Morgan Stanley initiated coverage on Bowhead Specialty in a report on Monday, June 17th. They issued an “equal weight” rating and a $26.00 price objective for the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $32.00 price objective on shares of Bowhead Specialty in a research note on Wednesday, August 7th. JMP Securities began coverage on shares of Bowhead Specialty in a research note on Monday, June 17th. They issued an “outperform” rating and a $31.00 target price for the company. Keefe, Bruyette & Woods assumed coverage on shares of Bowhead Specialty in a report on Monday, June 17th. They issued a “market perform” rating and a $30.00 price objective for the company. Finally, JPMorgan Chase & Co. started coverage on shares of Bowhead Specialty in a research note on Monday, June 17th. They set a “neutral” rating and a $27.00 target price on the stock. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Bowhead Specialty presently has an average rating of “Hold” and an average target price of $29.20.

Bowhead Specialty Stock Down 1.1 %

Shares of NYSE BOW opened at $30.98 on Friday. The business has a fifty day moving average of $27.22. Bowhead Specialty Holdings Inc. has a one year low of $22.14 and a one year high of $32.55.

Bowhead Specialty (NYSE:BOW) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. The company had revenue of $98.90 million during the quarter, compared to analysts’ expectations of $94.28 million. The firm’s revenue was up 51.0% on a year-over-year basis. Equities research analysts expect that Bowhead Specialty Holdings Inc. will post 1.27 earnings per share for the current year.

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.