King Luther Capital Management Corp Purchases 8,646 Shares of Goosehead Insurance, Inc (NASDAQ:GSHD)

King Luther Capital Management Corp increased its position in shares of Goosehead Insurance, Inc (NASDAQ:GSHD) by 6.4% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 143,652 shares of the company’s stock after buying an additional 8,646 shares during the period. King Luther Capital Management Corp owned 0.38% of Goosehead Insurance worth $8,251,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its position in shares of Goosehead Insurance by 4.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 190,550 shares of the company’s stock worth $14,444,000 after acquiring an additional 7,502 shares in the last quarter. Teacher Retirement System of Texas bought a new position in shares of Goosehead Insurance during the 4th quarter worth approximately $419,000. Jump Financial LLC bought a new position in shares of Goosehead Insurance during the 4th quarter worth approximately $459,000. Dimensional Fund Advisors LP grew its position in shares of Goosehead Insurance by 11.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 308,090 shares of the company’s stock worth $23,354,000 after buying an additional 30,626 shares during the period. Finally, Wells Fargo & Company MN increased its stake in shares of Goosehead Insurance by 2.8% in the 4th quarter. Wells Fargo & Company MN now owns 144,353 shares of the company’s stock valued at $10,942,000 after acquiring an additional 3,864 shares in the last quarter.

Insider Buying and Selling at Goosehead Insurance

In related news, Chairman Mark Evan Jones sold 14,030 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $82.96, for a total transaction of $1,163,928.80. Following the completion of the sale, the chairman now directly owns 39,451 shares of the company’s stock, valued at $3,272,854.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Chairman Mark Evan Jones sold 14,030 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $82.96, for a total transaction of $1,163,928.80. Following the completion of the transaction, the chairman now owns 39,451 shares in the company, valued at $3,272,854.96. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Patrick Ryan Langston sold 7,674 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $85.19, for a total transaction of $653,748.06. Following the sale, the insider now owns 5,000 shares of the company’s stock, valued at approximately $425,950. The disclosure for this sale can be found here. In the last 90 days, insiders sold 52,798 shares of company stock worth $4,454,640. Insiders own 48.35% of the company’s stock.

Goosehead Insurance Trading Down 0.4 %

NASDAQ GSHD opened at $88.70 on Friday. The company has a current ratio of 1.13, a quick ratio of 1.14 and a debt-to-equity ratio of 2.31. The business has a fifty day simple moving average of $82.00 and a 200 day simple moving average of $69.24. Goosehead Insurance, Inc has a 12 month low of $50.47 and a 12 month high of $92.76. The firm has a market capitalization of $3.37 billion, a P/E ratio of 143.06, a PEG ratio of 4.28 and a beta of 1.36.

Goosehead Insurance (NASDAQ:GSHD) last announced its earnings results on Wednesday, July 24th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.39 by $0.04. Goosehead Insurance had a net margin of 6.71% and a return on equity of 244.15%. The company had revenue of $78.10 million during the quarter, compared to the consensus estimate of $74.31 million. During the same quarter in the prior year, the company posted $0.25 earnings per share. The firm’s revenue for the quarter was up 12.7% on a year-over-year basis. On average, analysts predict that Goosehead Insurance, Inc will post 0.75 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $84.00 target price (down from $85.00) on shares of Goosehead Insurance in a research note on Friday, July 26th. TD Cowen cut shares of Goosehead Insurance from a “buy” rating to a “hold” rating and cut their price objective for the stock from $98.00 to $94.00 in a research report on Thursday, August 15th. UBS Group boosted their target price on Goosehead Insurance from $92.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. raised their price objective on Goosehead Insurance from $65.00 to $77.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. Finally, Truist Financial upped their target price on Goosehead Insurance from $60.00 to $65.00 and gave the stock a “hold” rating in a research report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $80.40.

Goosehead Insurance Company Profile

Goosehead Insurance, Inc operates as a holding company for Goosehead Financial, LLC that engages in the provision of personal lines insurance agency services in the United States. The company offers homeowner's, automotive, dwelling property, flood, wind, earthquake, excess liability or umbrella, motorcycle, recreational vehicle, general liability, property, and life insurance products and services.