GAMMA Investing LLC Boosts Stock Position in Goosehead Insurance, Inc (NASDAQ:GSHD)

GAMMA Investing LLC grew its position in shares of Goosehead Insurance, Inc (NASDAQ:GSHD) by 73.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 606 shares of the company’s stock after purchasing an additional 257 shares during the quarter. GAMMA Investing LLC’s holdings in Goosehead Insurance were worth $65,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC boosted its stake in Goosehead Insurance by 34.5% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,428,907 shares of the company’s stock worth $196,956,000 after buying an additional 879,959 shares in the last quarter. State Street Corp lifted its holdings in shares of Goosehead Insurance by 21.2% in the 3rd quarter. State Street Corp now owns 1,059,298 shares of the company’s stock worth $94,595,000 after acquiring an additional 185,037 shares during the last quarter. Wasatch Advisors LP boosted its stake in shares of Goosehead Insurance by 5.6% in the 3rd quarter. Wasatch Advisors LP now owns 2,618,945 shares of the company’s stock valued at $233,872,000 after purchasing an additional 138,571 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Goosehead Insurance by 35.7% during the 2nd quarter. American Century Companies Inc. now owns 420,934 shares of the company’s stock valued at $24,179,000 after purchasing an additional 110,832 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Goosehead Insurance by 14.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 393,093 shares of the company’s stock worth $22,580,000 after purchasing an additional 51,023 shares during the period.

Insider Buying and Selling

In other news, CEO Mark Miller sold 58,327 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $110.22, for a total value of $6,428,801.94. Following the sale, the chief executive officer now directly owns 30,000 shares of the company’s stock, valued at $3,306,600. The trade was a 66.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Adrienne Kebodeaux sold 43,928 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $100.21, for a total value of $4,402,024.88. The disclosure for this sale can be found here. Insiders have sold a total of 112,255 shares of company stock valued at $11,784,327 over the last ninety days. Company insiders own 48.35% of the company’s stock.

Analyst Upgrades and Downgrades

GSHD has been the subject of several analyst reports. JPMorgan Chase & Co. increased their target price on Goosehead Insurance from $77.00 to $90.00 and gave the company a “neutral” rating in a report on Friday, January 3rd. Royal Bank of Canada increased their price objective on Goosehead Insurance from $95.00 to $109.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. JMP Securities lifted their target price on shares of Goosehead Insurance from $100.00 to $115.00 and gave the stock a “market outperform” rating in a research note on Thursday, October 24th. TD Cowen raised their price target on shares of Goosehead Insurance from $94.00 to $130.00 and gave the stock a “hold” rating in a report on Wednesday, November 20th. Finally, Piper Sandler boosted their price objective on shares of Goosehead Insurance from $103.00 to $122.00 and gave the company an “overweight” rating in a research report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Goosehead Insurance currently has a consensus rating of “Hold” and an average target price of $99.20.

Goosehead Insurance Price Performance

Shares of NASDAQ GSHD opened at $98.59 on Monday. Goosehead Insurance, Inc has a 1 year low of $50.47 and a 1 year high of $130.39. The stock has a market capitalization of $3.66 billion, a P/E ratio of 136.93, a P/E/G ratio of 4.44 and a beta of 1.41. The company’s 50-day moving average is $114.26 and its 200 day moving average is $94.18. The company has a debt-to-equity ratio of 37.70, a current ratio of 1.55 and a quick ratio of 1.55.

Goosehead Insurance (NASDAQ:GSHD) last posted its earnings results on Wednesday, October 23rd. The company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.05. Goosehead Insurance had a return on equity of 284.41% and a net margin of 6.77%. The firm had revenue of $78.04 million for the quarter, compared to the consensus estimate of $80.54 million. During the same quarter in the prior year, the business earned $0.28 EPS. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. On average, sell-side analysts expect that Goosehead Insurance, Inc will post 0.84 earnings per share for the current year.

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.