GSA Capital Partners LLP Sells 3,021 Shares of Goosehead Insurance, Inc (NASDAQ:GSHD)

GSA Capital Partners LLP lowered its stake in shares of Goosehead Insurance, Inc (NASDAQ:GSHD) by 19.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,699 shares of the company’s stock after selling 3,021 shares during the quarter. GSA Capital Partners LLP’s holdings in Goosehead Insurance were worth $1,134,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Cullen Frost Bankers Inc. increased its position in Goosehead Insurance by 49.4% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 635 shares of the company’s stock worth $36,000 after buying an additional 210 shares during the period. GAMMA Investing LLC increased its position in Goosehead Insurance by 195.8% during the third quarter. GAMMA Investing LLC now owns 349 shares of the company’s stock worth $31,000 after acquiring an additional 231 shares during the period. Texas Permanent School Fund Corp increased its position in Goosehead Insurance by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 21,398 shares of the company’s stock worth $1,426,000 after acquiring an additional 279 shares during the period. ProShare Advisors LLC boosted its holdings in Goosehead Insurance by 7.3% in the 1st quarter. ProShare Advisors LLC now owns 4,409 shares of the company’s stock valued at $294,000 after purchasing an additional 299 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. acquired a new stake in Goosehead Insurance in the 3rd quarter worth $29,000.

Analyst Ratings Changes

A number of research analysts have recently commented on GSHD shares. JMP Securities upped their price objective on shares of Goosehead Insurance from $100.00 to $115.00 and gave the company a “market outperform” rating in a research report on Thursday, October 24th. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $84.00 price objective (down previously from $85.00) on shares of Goosehead Insurance in a research report on Friday, July 26th. UBS Group boosted their price objective on Goosehead Insurance from $92.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Piper Sandler raised their target price on Goosehead Insurance from $103.00 to $122.00 and gave the stock an “overweight” rating in a research report on Monday, October 28th. Finally, Truist Financial boosted their price target on shares of Goosehead Insurance from $65.00 to $80.00 and gave the company a “hold” rating in a report on Friday, October 4th. 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 stock. According to data from MarketBeat.com, Goosehead Insurance has an average rating of “Hold” and a consensus price target of $91.30.

Insider Activity

In other Goosehead Insurance news, Chairman Mark Evan Jones sold 11,699 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $85.75, for a total transaction of $1,003,189.25. Following the sale, the chairman now owns 39,451 shares of the company’s stock, valued at $3,382,923.25. This represents a 22.87 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Mark Miller sold 58,327 shares of the company’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 transaction of $6,428,801.94. Following the transaction, the chief executive officer now owns 30,000 shares in the company, valued at $3,306,600. The trade was a 66.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 156,961 shares of company stock worth $15,592,994. 48.35% of the stock is owned by corporate insiders.

Goosehead Insurance Price Performance

NASDAQ:GSHD opened at $119.19 on Friday. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 37.70. The firm has a market cap of $4.42 billion, a PE ratio of 165.54, a price-to-earnings-growth ratio of 4.55 and a beta of 1.32. Goosehead Insurance, Inc has a 12 month low of $50.47 and a 12 month high of $124.00. The company’s 50-day moving average price is $96.92 and its two-hundred day moving average price is $78.38.

Goosehead Insurance (NASDAQ:GSHD) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $0.50 EPS 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 business had revenue of $78.04 million for the quarter, compared to analyst estimates of $80.54 million. During the same period in the prior year, the company earned $0.28 EPS. Goosehead Insurance’s revenue for the quarter was up 9.9% on a year-over-year basis. On average, equities analysts anticipate that Goosehead Insurance, Inc will post 0.84 EPS for the current fiscal 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.