Bryce Point Capital LLC Acquires New Position in Goosehead Insurance (NASDAQ:GSHD)

Key Points

• Bryce Point Capital LLC invested approximately $807,000 in Goosehead Insurance, acquiring 6,806 shares of the company's stock during the first quarter of the year.
• Analysts have mixed opinions on Goosehead Insurance, with one sell rating, five hold ratings, and four buy ratings, resulting in a consensus rating of "Hold" with a target price of $109.90.
• Goosehead Insurance reported earnings per share (EPS) of $0.49 for the last quarter, below analysts' expectations, while experiencing a 20.4% increase in quarterly revenue year-over-year.

Bryce Point Capital LLC acquired a new position in shares of Goosehead Insurance (NASDAQ:GSHD - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,806 shares of the company's stock, valued at approximately $807,000.

Several other institutional investors also recently modified their holdings of GSHD. Bessemer Group Inc. increased its position in shares of Goosehead Insurance by 192.9% in the first quarter. Bessemer Group Inc. now owns 290 shares of the company's stock worth $34,000 after purchasing an additional 191 shares during the last quarter. Larson Financial Group LLC increased its position in shares of Goosehead Insurance by 1,251.6% in the first quarter. Larson Financial Group LLC now owns 419 shares of the company's stock worth $49,000 after purchasing an additional 388 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new position in Goosehead Insurance during the first quarter valued at approximately $53,000. KBC Group NV grew its position in Goosehead Insurance by 20.7% during the first quarter. KBC Group NV now owns 1,101 shares of the company's stock valued at $130,000 after acquiring an additional 189 shares during the last quarter. Finally, New Age Alpha Advisors LLC bought a new position in Goosehead Insurance during the fourth quarter valued at approximately $148,000.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Piper Sandler reissued a "neutral" rating and set a $109.00 price objective (down previously from $122.00) on shares of Goosehead Insurance in a research note on Thursday, July 24th. Keefe, Bruyette & Woods dropped their price objective on Goosehead Insurance from $130.00 to $120.00 and set an "outperform" rating for the company in a research note on Thursday, July 24th. BMO Capital Markets dropped their price objective on Goosehead Insurance from $142.00 to $110.00 and set a "market perform" rating for the company in a research note on Friday, July 25th. JPMorgan Chase & Co. dropped their price target on Goosehead Insurance from $100.00 to $98.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. Finally, UBS Group dropped their price target on Goosehead Insurance from $140.00 to $136.00 and set a "buy" rating for the company in a research note on Monday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Goosehead Insurance presently has an average rating of "Hold" and an average price target of $109.50.

Insider Buying and Selling

In other news, major shareholder & Robyn Jones Descendants Mark sold 50,000 shares of the firm's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $103.74, for a total transaction of $5,187,000.00. Following the completion of the transaction, the insider directly owned 132,349 shares in the company, valued at $13,729,885.26. This trade represents a 27.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Mark E. Jr. Jones purchased 1,149 shares of Goosehead Insurance stock in a transaction dated Tuesday, July 29th. The shares were bought at an average price of $86.08 per share, with a total value of $98,905.92. Following the completion of the acquisition, the chief financial officer directly owned 3,491 shares of the company's stock, valued at approximately $300,505.28. This represents a 49.06% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 118,966 shares of company stock valued at $12,407,821 over the last ninety days. Insiders own 48.35% of the company's stock.

Goosehead Insurance Stock Up 1.9%

Goosehead Insurance stock traded up $1.72 on Thursday, hitting $93.17. 366,971 shares of the stock traded hands, compared to its average volume of 289,634. The company has a current ratio of 2.92, a quick ratio of 2.92 and a debt-to-equity ratio of 2.10. The firm has a market cap of $3.50 billion, a P/E ratio of 82.45, a price-to-earnings-growth ratio of 7.61 and a beta of 1.42. The business's fifty day simple moving average is $102.32 and its 200 day simple moving average is $107.52. Goosehead Insurance has a 1 year low of $79.33 and a 1 year high of $130.39.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.04). Goosehead Insurance had a net margin of 8.76% and a negative return on equity of 59.49%. The firm had revenue of $94.03 million for the quarter, compared to analysts' expectations of $94.18 million. During the same period in the prior year, the business posted $0.43 EPS. The business's quarterly revenue was up 20.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Goosehead Insurance will post 0.83 earnings per share for the current year.

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.