Emerald Mutual Fund Advisers Trust Makes New Investment in Bowhead Specialty Holdings Inc. (NYSE:BOW)

Emerald Mutual Fund Advisers Trust purchased a new stake in Bowhead Specialty Holdings Inc. (NYSE:BOW) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 193,396 shares of the company’s stock, valued at approximately $4,901,000. Emerald Mutual Fund Advisers Trust owned about 0.61% of Bowhead Specialty at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in BOW. Victory Capital Management Inc. acquired a new stake in Bowhead Specialty during the second quarter valued at approximately $15,973,000. TD Asset Management Inc bought a new position in shares of Bowhead Specialty in the second quarter valued at $265,000. Peregrine Capital Management LLC acquired a new stake in shares of Bowhead Specialty during the 2nd quarter valued at $3,073,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of Bowhead Specialty during the 2nd quarter worth $2,770,000.

Analysts Set New Price Targets

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

Bowhead Specialty Price Performance

Shares of NYSE BOW opened at $31.14 on Friday. Bowhead Specialty Holdings Inc. has a one year low of $22.14 and a one year high of $32.55. The business’s 50-day simple moving average is $27.86.

Bowhead Specialty (NYSE:BOW) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.27 by $0.01. The company had revenue of $98.90 million for the quarter, compared to analyst estimates of $94.28 million. The business’s quarterly revenue was up 51.0% compared to the same quarter last year. Equities analysts expect that Bowhead Specialty Holdings Inc. will post 1.3 EPS for the current year.

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.