Ewing Morris & Co. Investment Partners Ltd. Lowers Stock Holdings in Goosehead Insurance, Inc (NASDAQ:GSHD)

Ewing Morris & Co. Investment Partners Ltd. lessened its holdings in Goosehead Insurance, Inc (NASDAQ:GSHD) by 24.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 60,396 shares of the company’s stock after selling 19,302 shares during the period. Goosehead Insurance accounts for approximately 2.5% of Ewing Morris & Co. Investment Partners Ltd.’s holdings, making the stock its 15th biggest position. Ewing Morris & Co. Investment Partners Ltd.’s holdings in Goosehead Insurance were worth $6,476,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Wilmington Savings Fund Society FSB bought a new stake in Goosehead Insurance during the 3rd quarter valued at approximately $63,000. GAMMA Investing LLC raised its position in shares of Goosehead Insurance by 73.6% during the fourth quarter. GAMMA Investing LLC now owns 606 shares of the company’s stock valued at $65,000 after buying an additional 257 shares during the last quarter. Wallace Advisory Group LLC purchased a new position in shares of Goosehead Insurance in the fourth quarter worth $293,000. Mechanics Bank Trust Department lifted its holdings in shares of Goosehead Insurance by 4.5% in the fourth quarter. Mechanics Bank Trust Department now owns 2,552 shares of the company’s stock worth $274,000 after buying an additional 109 shares in the last quarter. Finally, Atomi Financial Group Inc. boosted its position in shares of Goosehead Insurance by 12.5% during the fourth quarter. Atomi Financial Group Inc. now owns 3,462 shares of the company’s stock worth $371,000 after acquiring an additional 385 shares during the last quarter.

Analyst Upgrades and Downgrades

Several analysts have commented on GSHD shares. Truist Financial reiterated a “hold” rating and issued a $90.00 price target (up previously from $80.00) on shares of Goosehead Insurance in a research note on Tuesday, February 25th. JMP Securities reissued a “market outperform” rating and set a $150.00 price target on shares of Goosehead Insurance in a research note on Thursday, April 24th. Piper Sandler reduced their price objective on Goosehead Insurance from $132.00 to $122.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 9th. UBS Group lowered their target price on Goosehead Insurance from $145.00 to $140.00 and set a “buy” rating for the company in a research report on Monday, April 28th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Goosehead Insurance from $125.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Goosehead Insurance currently has an average rating of “Hold” and an average price target of $115.40.

Goosehead Insurance Stock Down 0.1 %

Shares of GSHD opened at $102.21 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. Goosehead Insurance, Inc has a 52-week low of $54.80 and a 52-week high of $130.39. The company has a market cap of $3.84 billion, a PE ratio of 141.96, a P/E/G ratio of 5.17 and a beta of 1.45. The business has a fifty day moving average of $110.38 and a 200 day moving average of $111.51.

Goosehead Insurance (NASDAQ:GSHD) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.02. Goosehead Insurance had a net margin of 6.77% and a return on equity of 284.41%. The firm had revenue of $75.58 million during the quarter, compared to analysts’ expectations of $78.59 million. During the same period in the previous year, the company earned $0.28 EPS. The firm’s revenue for the quarter was up 17.2% compared to the same quarter last year. On average, sell-side analysts expect that Goosehead Insurance, Inc will post 0.83 EPS for the current year.

Insider Activity

In other Goosehead Insurance news, major shareholder & Robyn Jones Descendants Mark sold 19,600 shares of the company’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $123.09, for a total value of $2,412,564.00. Following the transaction, the insider now directly owns 132,349 shares in the company, valued at $16,290,838.41. This represents a 12.90 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Mark Evan Jones sold 40,000 shares of Goosehead Insurance stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $119.04, for a total transaction of $4,761,600.00. Following the sale, the chairman now directly owns 38,951 shares of the company’s stock, valued at $4,636,727.04. This represents a 50.66 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 308,812 shares of company stock valued at $37,392,258. 48.35% of the stock is currently owned by insiders.

Goosehead Insurance 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.