Owls Nest Partners IA LLC raised its holdings in shares of Goosehead Insurance, Inc (NASDAQ:GSHD – Free Report) by 4.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 914,369 shares of the company’s stock after buying an additional 39,693 shares during the quarter. Goosehead Insurance comprises about 17.2% of Owls Nest Partners IA LLC’s portfolio, making the stock its biggest holding. Owls Nest Partners IA LLC’s holdings in Goosehead Insurance were worth $47,730,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of Goosehead Insurance by 2.4% in the third quarter. Vanguard Group Inc. now owns 1,770,176 shares of the company’s stock valued at $63,089,000 after purchasing an additional 42,116 shares during the period. Wasatch Advisors Inc. grew its holdings in shares of Goosehead Insurance by 30.7% in the first quarter. Wasatch Advisors Inc. now owns 1,496,815 shares of the company’s stock valued at $117,605,000 after purchasing an additional 351,769 shares during the period. BlackRock Inc. grew its holdings in shares of Goosehead Insurance by 1.2% in the first quarter. BlackRock Inc. now owns 1,437,303 shares of the company’s stock valued at $75,027,000 after purchasing an additional 16,472 shares during the period. Durable Capital Partners LP grew its holdings in shares of Goosehead Insurance by 24.4% in the first quarter. Durable Capital Partners LP now owns 932,444 shares of the company’s stock valued at $73,262,000 after purchasing an additional 182,952 shares during the period. Finally, William Blair Investment Management LLC lifted its position in Goosehead Insurance by 51.3% in the first quarter. William Blair Investment Management LLC now owns 739,154 shares of the company’s stock valued at $38,584,000 after buying an additional 250,480 shares during the last quarter.
Goosehead Insurance Stock Performance
Shares of GSHD traded up $1.32 during mid-day trading on Monday, hitting $73.30. 124,996 shares of the company’s stock were exchanged, compared to its average volume of 254,381. The company has a market cap of $1.75 billion, a price-to-earnings ratio of 276.85, a P/E/G ratio of 3.68 and a beta of 1.20. Goosehead Insurance, Inc has a fifty-two week low of $29.23 and a fifty-two week high of $76.36. The stock’s 50-day moving average is $64.86 and its 200-day moving average is $58.54.
Goosehead Insurance (NASDAQ:GSHD – Get Free Report) last issued its quarterly earnings results on Wednesday, July 26th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.14. The business had revenue of $69.28 million for the quarter, compared to analysts’ expectations of $66.08 million. Goosehead Insurance had a net margin of 2.50% and a negative return on equity of 28.63%. As a group, equities research analysts anticipate that Goosehead Insurance, Inc will post 0.49 EPS for the current year.
Wall Street Analyst Weigh In
GSHD has been the topic of a number of recent analyst reports. Royal Bank of Canada upped their target price on shares of Goosehead Insurance from $72.00 to $80.00 in a research report on Thursday, July 27th. JPMorgan Chase & Co. upped their target price on shares of Goosehead Insurance from $52.00 to $58.00 in a research report on Thursday, July 6th. BMO Capital Markets upped their target price on shares of Goosehead Insurance from $60.54 to $86.00 and gave the company a “market perform” rating in a research report on Friday, July 28th. Finally, Piper Sandler upped their target price on shares of Goosehead Insurance from $64.00 to $76.00 in a research report on Thursday, July 27th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $74.57.
Read Our Latest Stock Analysis on GSHD
Insider Activity at Goosehead Insurance
In other news, COO Mark Miller bought 2,000 shares of Goosehead Insurance stock in a transaction that occurred on Wednesday, August 2nd. The shares were purchased at an average price of $64.00 per share, with a total value of $128,000.00. Following the completion of the acquisition, the chief operating officer now directly owns 12,000 shares in the company, valued at $768,000. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Goosehead Insurance news, CEO Mark Evan Jones sold 24,197 shares of the stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $66.28, for a total value of $1,603,777.16. Following the transaction, the chief executive officer now directly owns 196,501 shares in the company, valued at $13,024,086.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Mark Miller purchased 2,000 shares of the company’s stock in a transaction on Wednesday, August 2nd. The stock was bought at an average price of $64.00 per share, for a total transaction of $128,000.00. Following the completion of the purchase, the chief operating officer now directly owns 12,000 shares of the company’s stock, valued at $768,000. The disclosure for this purchase can be found here. Insiders have sold a total of 158,700 shares of company stock valued at $10,398,440 over the last 90 days. 48.35% of the stock is owned by corporate insiders.
Goosehead Insurance Profile
(Free Report)
Goosehead Insurance, Inc operates as a holding company for Goosehead Financial, LLC that provides personal lines insurance agency services in the United States. It 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.
Featured Stories
Want to see what other hedge funds are holding GSHD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Goosehead Insurance, Inc (NASDAQ:GSHD – Free Report).
Receive News & Ratings for Goosehead Insurance Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Goosehead Insurance and related companies with MarketBeat.com’s FREE daily email newsletter.
