Riverbridge Partners LLC Sells 25,658 Shares of Goosehead Insurance, Inc (NASDAQ:GSHD)

Riverbridge Partners LLC cut its position in shares of Goosehead Insurance, Inc (NASDAQ:GSHD) by 7.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 303,795 shares of the company’s stock after selling 25,658 shares during the quarter. Riverbridge Partners LLC’s holdings in Goosehead Insurance were worth $32,573,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Janney Montgomery Scott LLC boosted its holdings in shares of Goosehead Insurance by 10.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 6,880 shares of the company’s stock worth $738,000 after buying an additional 679 shares in the last quarter. SG Americas Securities LLC grew its holdings in Goosehead Insurance by 885.5% in the fourth quarter. SG Americas Securities LLC now owns 51,662 shares of the company’s stock worth $5,539,000 after purchasing an additional 46,420 shares during the period. Atomi Financial Group Inc. grew its holdings in Goosehead Insurance by 12.5% in the fourth quarter. Atomi Financial Group Inc. now owns 3,462 shares of the company’s stock worth $371,000 after purchasing an additional 385 shares during the period. Mechanics Bank Trust Department increased its stake in Goosehead Insurance by 4.5% in the fourth quarter. Mechanics Bank Trust Department now owns 2,552 shares of the company’s stock valued at $274,000 after purchasing an additional 109 shares in the last quarter. Finally, Wallace Advisory Group LLC acquired a new position in shares of Goosehead Insurance during the fourth quarter valued at about $293,000.

Analyst Ratings Changes

Several brokerages have recently commented on GSHD. JPMorgan Chase & Co. raised their target price on Goosehead Insurance from $77.00 to $90.00 and gave the company a “neutral” rating in a research note on Friday, January 3rd. JMP Securities increased their target price on Goosehead Insurance from $100.00 to $115.00 and gave the stock a “market outperform” rating in a report on Thursday, October 24th. BMO Capital Markets boosted their price target on shares of Goosehead Insurance from $90.00 to $120.00 and gave the company a “market perform” rating in a research note on Tuesday, November 19th. TD Cowen raised their price target on shares of Goosehead Insurance from $94.00 to $130.00 and gave the company a “hold” rating in a research report on Wednesday, November 20th. Finally, Royal Bank of Canada raised their target price on Goosehead Insurance from $95.00 to $109.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $99.20.

Insider Buying and Selling

In related news, CEO Mark Miller sold 58,327 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $110.22, for a total value of $6,428,801.94. Following the completion of the transaction, the chief executive officer now directly owns 30,000 shares of the company’s stock, valued at approximately $3,306,600. This trade represents a 66.04 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 48.35% of the stock is currently owned by insiders.

Goosehead Insurance Stock Performance

NASDAQ GSHD opened at $103.25 on Thursday. The company has a debt-to-equity ratio of 37.70, a quick ratio of 1.55 and a current ratio of 1.55. The company has a market capitalization of $3.83 billion, a PE ratio of 143.40, a price-to-earnings-growth ratio of 4.36 and a beta of 1.41. Goosehead Insurance, Inc has a 52-week low of $50.47 and a 52-week high of $130.39. The company has a 50-day simple moving average of $113.47 and a 200 day simple moving average of $96.79.

Goosehead Insurance (NASDAQ:GSHD) last posted 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 net margin of 6.77% and a return on equity of 284.41%. The company had revenue of $78.04 million for the quarter, compared to analysts’ expectations of $80.54 million. During the same quarter in the previous year, the firm posted $0.28 EPS. Goosehead Insurance’s revenue was up 9.9% on a year-over-year basis. On average, research analysts predict that Goosehead Insurance, Inc will post 0.84 EPS for the current year.

Goosehead Insurance Increases Dividend

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

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.