Dark Forest Capital Management LP Invests $437,000 in Goosehead Insurance, Inc (NASDAQ:GSHD)

Dark Forest Capital Management LP acquired a new position in Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 4,073 shares of the company's stock, valued at approximately $437,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC boosted its stake in shares of Goosehead Insurance by 91.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,228 shares of the company's stock valued at $239,000 after buying an additional 1,063 shares during the last quarter. MetLife Investment Management LLC raised its stake in shares of Goosehead Insurance by 7.2% in the 4th quarter. MetLife Investment Management LLC now owns 13,584 shares of the company's stock valued at $1,456,000 after purchasing an additional 914 shares in the last quarter. Natixis bought a new position in shares of Goosehead Insurance during the fourth quarter worth about $2,197,000. First Trust Advisors LP acquired a new position in Goosehead Insurance in the fourth quarter worth about $5,264,000. Finally, Marshall Wace LLP increased its holdings in Goosehead Insurance by 981.8% in the fourth quarter. Marshall Wace LLP now owns 53,959 shares of the company's stock valued at $5,785,000 after buying an additional 48,971 shares during the last quarter.

Insider Buying and Selling at Goosehead Insurance

In other Goosehead Insurance news, CFO Mark E. Jr. Jones purchased 1,010 shares of the stock in a transaction dated Friday, February 28th. The shares were acquired at an average price of $118.02 per share, for a total transaction of $119,200.20. Following the completion of the acquisition, the chief financial officer now owns 2,342 shares of the company's stock, valued at $276,402.84. This represents a 75.83 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder & Robyn Jones Descendants Mark sold 43,712 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $120.82, for a total transaction of $5,281,283.84. Following the sale, the insider now owns 132,349 shares of the company's stock, valued at approximately $15,990,406.18. This represents a 24.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 308,812 shares of company stock valued at $37,392,258. Corporate insiders own 48.35% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Keefe, Bruyette & Woods upped their price target on Goosehead Insurance from $125.00 to $130.00 and gave the company an "outperform" rating in a research report on Thursday, April 24th. Piper Sandler dropped their price objective on shares of Goosehead Insurance from $132.00 to $122.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 9th. UBS Group decreased 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. JMP Securities restated a "market outperform" rating and set a $150.00 price objective on shares of Goosehead Insurance in a research report on Thursday, April 24th. Finally, Truist Financial restated a "hold" rating and set a $90.00 price target (up previously from $80.00) on shares of Goosehead Insurance in a research report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $115.40.

Goosehead Insurance Price Performance

Shares of NASDAQ GSHD traded up $4.91 during mid-day trading on Friday, reaching $102.03. 80,072 shares of the company traded hands, compared to its average volume of 273,466. The firm has a market cap of $3.81 billion, a PE ratio of 141.53, a price-to-earnings-growth ratio of 5.17 and a beta of 1.48. The company has a debt-to-equity ratio of 37.70, a current ratio of 1.55 and a quick ratio of 1.55. Goosehead Insurance, Inc has a fifty-two week low of $54.80 and a fifty-two week high of $130.39. The stock has a fifty day simple moving average of $112.39 and a 200-day simple moving average of $111.34.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last released its earnings results on Wednesday, April 23rd. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.24 by $0.02. The firm 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%. Goosehead Insurance's revenue was up 17.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.28 earnings per share. Equities research analysts anticipate that Goosehead Insurance, Inc will post 0.83 EPS for the current fiscal year.

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.