Ashford Capital Management Inc. Decreases Position in Goosehead Insurance, Inc (NASDAQ:GSHD)

Ashford Capital Management Inc. reduced its stake in shares of Goosehead Insurance, Inc (NASDAQ:GSHD) by 7.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 161,520 shares of the company’s stock after selling 13,170 shares during the quarter. Goosehead Insurance accounts for approximately 2.0% of Ashford Capital Management Inc.’s holdings, making the stock its 24th largest holding. Ashford Capital Management Inc. owned about 0.44% of Goosehead Insurance worth $17,318,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in shares of Goosehead Insurance by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 2,499,479 shares of the company’s stock valued at $267,994,000 after purchasing an additional 19,980 shares during the period. American Century Companies Inc. boosted its stake in shares of Goosehead Insurance by 51.4% in the fourth quarter. American Century Companies Inc. now owns 649,104 shares of the company’s stock valued at $69,597,000 after purchasing an additional 220,267 shares during the period. Whitebark Investors LP acquired a new stake in Goosehead Insurance during the 4th quarter valued at $55,326,000. Northern Trust Corp increased its stake in Goosehead Insurance by 10.4% during the 4th quarter. Northern Trust Corp now owns 266,466 shares of the company’s stock worth $28,570,000 after buying an additional 25,173 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Goosehead Insurance by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 215,680 shares of the company’s stock worth $23,125,000 after buying an additional 5,459 shares during the period.

Insider Transactions at Goosehead Insurance

In related news, Director Thomas Mcconnon sold 205,000 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $121.35, for a total transaction of $24,876,750.00. Following the completion of the transaction, the director now owns 339,008 shares in the company, valued at $41,138,620.80. The trade was a 37.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder & Robyn Jones Descendants Mark sold 21,385 shares of the stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $104.76, for a total value of $2,240,292.60. Following the completion of the sale, the insider now directly owns 132,349 shares in the company, valued at $13,864,881.24. This represents a 13.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 412,778 shares of company stock worth $48,147,358. 48.35% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

GSHD has been the subject of a number of analyst reports. Bank of America upped their price objective on shares of Goosehead Insurance from $39.00 to $43.00 and gave the company an “underperform” rating in a research report on Tuesday, February 25th. Keefe, Bruyette & Woods increased their price target on Goosehead Insurance from $125.00 to $130.00 and gave the company an “outperform” rating in a report on Thursday, April 24th. BMO Capital Markets lowered their price objective on Goosehead Insurance from $148.00 to $142.00 and set a “market perform” rating for the company in a research note on Monday, April 28th. UBS Group reduced their target price on Goosehead Insurance from $145.00 to $140.00 and set a “buy” rating for the company in a research note on Monday, April 28th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Goosehead Insurance from $100.00 to $98.00 and set a “neutral” rating for the company in a research report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $115.40.

Goosehead Insurance Trading Down 0.8%

NASDAQ:GSHD opened at $112.87 on Tuesday. The company has a market cap of $4.24 billion, a PE ratio of 156.77, a P/E/G ratio of 5.17 and a beta of 1.45. The business’s 50 day moving average is $108.83 and its two-hundred day moving average is $111.69. 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.

Goosehead Insurance (NASDAQ:GSHD) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.02. The business had revenue of $75.58 million for the quarter, compared to analyst estimates of $78.59 million. Goosehead Insurance had a return on equity of 284.41% and a net margin of 6.77%. The business’s revenue was up 17.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.28 EPS. On average, analysts predict that Goosehead Insurance, Inc will post 0.83 EPS for the current year.

About Goosehead Insurance

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.