Bowhead Specialty Holdings Inc’s recent filing unveils that its Director Botein Matthew unloaded Company’s shares for reported $88.03 million on Oct 25 ’24. In the deal valued at $27.70 per share,3,178,662 shares were sold. As a result of this transaction, Botein Matthew now holds 10,968,445 shares worth roughly $362.29 million.
Then, Gallatin Point Capital LLC sold 3,178,662 shares, generating $88,033,044 in total proceeds. Upon selling the shares at $27.70, the Director now owns 10,968,445 shares.
Before that, AMERICAN FAMILY MUTUAL INSURAN sold 1,362,285 shares. Bowhead Specialty Holdings Inc shares valued at $37,728,483 were divested by the Director at a price of $27.70 per share. As a result of the transaction, AMERICAN FAMILY MUTUAL INSURAN now holds 4,700,761 shares, worth roughly $155.27 million.
RBC Capital Mkts initiated its Bowhead Specialty Holdings Inc [BOW] rating to an Outperform in a research note published on June 17, 2024; the price target was $32. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who began to cover the stock in mid June with a ‘”an Equal-weight”‘ rating. Keefe Bruyette began covering BOW with “Mkt perform” recommendation on June 17, 2024. JP Morgan started covering the stock on June 17, 2024. It rated BOW as “a Neutral”.
Price Performance Review of BOW
On Friday, Bowhead Specialty Holdings Inc [NYSE:BOW] saw its stock jump 1.26% to $33.03. Over the last five days, the stock has gained 3.74%. Bowhead Specialty Holdings Inc shares have fallen nearly -7.01% since the year began.
Levels Of Support And Resistance For BOW Stock
The 24-hour chart illustrates a support level at 32.69, which if violated will result in even more drops to 32.34. On the upside, there is a resistance level at 33.30. A further resistance level may holdings at 33.57. The Relative Strength Index (RSI) on the 14-day chart is 45.37, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.32, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 53.96%. Stochastics %K at 40.39% indicates the stock is a holding.
How much short interest is there in Bowhead Specialty Holdings Inc?
A steep rise in short interest was recorded in Bowhead Specialty Holdings Inc stocks on 2024-12-31, growing by 41699.0 shares to a total of 0.48 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 0.44 million shares. There was a rise of 8.7%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on June 17, 2024 when JMP Securities began covering the stock and recommended ‘”a Mkt outperform”‘ rating along with a $31 price target.
