Riverbridge Partners LLC Cuts Position in Goosehead Insurance, Inc (NASDAQ:GSHD)

Riverbridge Partners LLC decreased its holdings in Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) by 7.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 303,795 shares of the company's stock after selling 25,658 shares during the quarter. Riverbridge Partners LLC owned about 0.82% of Goosehead Insurance worth $32,573,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. acquired a new stake in Goosehead Insurance during the 3rd quarter worth about $29,000. GAMMA Investing LLC lifted its position in Goosehead Insurance by 195.8% during the 3rd 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. Blue Trust Inc. lifted its position in Goosehead Insurance by 567.6% during the 3rd quarter. Blue Trust Inc. now owns 474 shares of the company's stock worth $42,000 after acquiring an additional 403 shares during the period. Financial Management Professionals Inc. acquired a new stake in Goosehead Insurance during the 3rd quarter worth about $60,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Goosehead Insurance during the 3rd quarter worth about $63,000.

Analysts Set New Price Targets

A number of research firms have weighed in on GSHD. JMP Securities lifted their price objective on Goosehead Insurance from $100.00 to $115.00 and gave the company a "market outperform" rating in a research note on Thursday, October 24th. Truist Financial lifted their price objective on Goosehead Insurance from $65.00 to $80.00 and gave the company a "hold" rating in a research note on Friday, October 4th. JPMorgan Chase & Co. lifted their price objective on Goosehead Insurance from $77.00 to $90.00 and gave the company a "neutral" rating in a research note on Friday, January 3rd. BMO Capital Markets lifted their price objective on Goosehead Insurance from $90.00 to $120.00 and gave the company a "market perform" rating in a research note on Tuesday, November 19th. Finally, TD Cowen lifted their price objective on Goosehead Insurance from $94.00 to $130.00 and gave the company a "hold" rating in a research note on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Goosehead Insurance currently has a consensus rating of "Hold" and an average price target of $99.20.

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 transaction of $6,428,801.94. Following the transaction, the chief executive officer now directly owns 30,000 shares in the company, 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 at this hyperlink. 48.35% of the stock is currently owned by insiders.

Goosehead Insurance Price Performance

Shares of Goosehead Insurance stock traded down $3.61 on Thursday, hitting $99.65. The company's stock had a trading volume of 159,436 shares, compared to its average volume of 235,809. The company has a debt-to-equity ratio of 37.70, a quick ratio of 1.55 and a current ratio of 1.55. Goosehead Insurance, Inc has a 1 year low of $50.47 and a 1 year high of $130.39. The firm has a fifty day moving average price of $113.47 and a 200-day moving average price of $96.79. The company has a market capitalization of $3.70 billion, a price-to-earnings ratio of 138.24, a price-to-earnings-growth ratio of 4.36 and a beta of 1.41.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.05. Goosehead Insurance had a return on equity of 284.41% and a net margin of 6.77%. The company had revenue of $78.04 million for the quarter, compared to analysts' expectations of $80.54 million. During the same period in the previous year, the firm posted $0.28 EPS. Goosehead Insurance's revenue was up 9.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Goosehead Insurance, Inc will post 0.84 earnings per share for the current fiscal year.

Goosehead Insurance Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, January 21st will be issued a $5.91 dividend. This is a boost from Goosehead Insurance's previous dividend of $1.63. The ex-dividend date of this dividend 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.