Cottonwood Capital Advisors LLC Invests $249,000 in Goosehead Insurance, Inc (NASDAQ:GSHD)

Cottonwood Capital Advisors LLC purchased a new stake in Goosehead Insurance, Inc (NASDAQ:GSHD) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,322 shares of the company’s stock, valued at approximately $249,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Goosehead Insurance in the 3rd quarter valued at $29,000. GAMMA Investing LLC raised its position in Goosehead Insurance by 195.8% in the third quarter. GAMMA Investing LLC now owns 349 shares of the company’s stock valued at $31,000 after purchasing an additional 231 shares during the period. Blue Trust Inc. lifted its stake in shares of Goosehead Insurance by 567.6% during the third quarter. Blue Trust Inc. now owns 474 shares of the company’s stock worth $42,000 after purchasing an additional 403 shares in the last quarter. Quarry LP boosted its position in shares of Goosehead Insurance by 2,810.7% in the second quarter. Quarry LP now owns 815 shares of the company’s stock worth $47,000 after buying an additional 787 shares during the period. Finally, Financial Management Professionals Inc. acquired a new stake in shares of Goosehead Insurance in the third quarter valued at about $60,000.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on GSHD shares. JMP Securities upped their price target on Goosehead Insurance from $100.00 to $115.00 and gave the stock a “market outperform” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. raised their price target on shares of Goosehead Insurance from $77.00 to $90.00 and gave the company a “neutral” rating in a report on Friday, January 3rd. Truist Financial boosted their price objective on shares of Goosehead Insurance from $65.00 to $80.00 and gave the stock a “hold” rating in a report on Friday, October 4th. 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 research note on Thursday, October 24th. Finally, Piper Sandler lifted their target price on Goosehead Insurance from $103.00 to $122.00 and gave the stock an “overweight” rating in a research report on Monday, October 28th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $99.20.

Goosehead Insurance Trading Down 1.0 %

NASDAQ:GSHD opened at $100.87 on Friday. Goosehead Insurance, Inc has a 52 week low of $50.47 and a 52 week high of $130.39. 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 company has a market cap of $3.74 billion, a PE ratio of 140.10, a P/E/G ratio of 4.23 and a beta of 1.41. The business’s 50 day moving average is $112.76 and its two-hundred day moving average is $97.14.

Goosehead Insurance (NASDAQ:GSHD) last released its quarterly earnings data 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 firm had revenue of $78.04 million during the quarter, compared to the consensus estimate of $80.54 million. During the same quarter in the previous year, the company posted $0.28 earnings per share. The firm’s revenue was up 9.9% on a year-over-year basis. On average, analysts predict that Goosehead Insurance, Inc will post 0.84 EPS for the current year.

Goosehead Insurance Increases Dividend

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

Insider Buying and Selling

In other news, CEO Mark Miller sold 58,327 shares of the company’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 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 represents a 66.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 48.35% of the stock is owned by company 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.