Cottonwood Capital Advisors LLC Buys Shares of 2,322 Goosehead Insurance, Inc (NASDAQ:GSHD)

Cottonwood Capital Advisors LLC purchased a new stake in Goosehead Insurance, Inc (NASDAQ:GSHD) during the 4th quarter, Holdings Channel reports. The firm purchased 2,322 shares of the company’s stock, valued at approximately $249,000.

A number of other hedge funds also recently made changes to their positions in GSHD. Whittier Trust Co. of Nevada Inc. bought a new position in Goosehead Insurance in the 3rd quarter worth approximately $29,000. GAMMA Investing LLC grew its stake in shares of Goosehead Insurance by 195.8% in the third quarter. GAMMA Investing LLC now owns 349 shares of the company’s stock worth $31,000 after purchasing an additional 231 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Goosehead Insurance by 567.6% during the third quarter. Blue Trust Inc. now owns 474 shares of the company’s stock valued at $42,000 after purchasing an additional 403 shares during the period. Quarry LP raised its stake in shares of Goosehead Insurance by 2,810.7% during the second quarter. Quarry LP now owns 815 shares of the company’s stock valued at $47,000 after purchasing an additional 787 shares in the last quarter. Finally, Financial Management Professionals Inc. acquired a new stake in Goosehead Insurance in the third quarter worth about $60,000.

Insider Activity

In other news, CEO Mark Miller sold 58,327 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now owns 30,000 shares in the company, valued at $3,306,600. This represents a 66.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 48.35% of the company’s stock.

Analysts Set New Price Targets

GSHD has been the topic of several research analyst reports. TD Cowen raised their target price on shares of Goosehead Insurance from $94.00 to $130.00 and gave the company a “hold” rating in a research note on Wednesday, November 20th. BMO Capital Markets boosted their target price on Goosehead Insurance from $90.00 to $120.00 and gave the stock a “market perform” rating in a report on Tuesday, November 19th. Truist Financial increased their price target on Goosehead Insurance from $65.00 to $80.00 and gave the company a “hold” rating in a research note on Friday, October 4th. JMP Securities boosted their price objective on Goosehead Insurance from $100.00 to $115.00 and gave the stock a “market outperform” rating in a research note on Thursday, October 24th. Finally, Piper Sandler raised their target price on Goosehead Insurance from $103.00 to $122.00 and gave the company an “overweight” rating in a research note on Monday, October 28th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Goosehead Insurance currently has an average rating of “Hold” and an average price target of $99.20.

Goosehead Insurance Trading Down 1.0 %

NASDAQ:GSHD opened at $100.87 on Friday. The stock has a fifty day simple moving average of $112.76 and a 200 day simple moving average of $97.14. 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 capitalization of $3.74 billion, a price-to-earnings ratio of 140.10, a price-to-earnings-growth ratio of 4.23 and a beta of 1.41. Goosehead Insurance, Inc has a 1-year low of $50.47 and a 1-year high of $130.39.

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

Goosehead Insurance Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, January 21st will be paid a dividend of $5.91 per share. This is an increase from Goosehead Insurance’s previous dividend of $1.63. The ex-dividend date is Tuesday, January 21st.

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.