Kayne Anderson Rudnick Investment Management LLC Sells 403,532 Shares of Goosehead Insurance, Inc (NASDAQ:GSHD)

Kayne Anderson Rudnick Investment Management LLC lowered its stake in shares of Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) by 12.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,799,352 shares of the company's stock after selling 403,532 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned about 7.54% of Goosehead Insurance worth $300,147,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. R Squared Ltd acquired a new position in Goosehead Insurance in the fourth quarter worth $39,000. Kestra Investment Management LLC bought a new position in shares of Goosehead Insurance during the 4th quarter worth approximately $63,000. Smartleaf Asset Management LLC increased its holdings in shares of Goosehead Insurance by 462.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 619 shares of the company's stock worth $64,000 after acquiring an additional 509 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in Goosehead Insurance by 51.8% during the 4th quarter. Jones Financial Companies Lllp now owns 905 shares of the company's stock valued at $97,000 after purchasing an additional 309 shares during the last quarter. Finally, New Age Alpha Advisors LLC acquired a new stake in Goosehead Insurance during the fourth quarter worth approximately $148,000.

Insider Transactions at Goosehead Insurance

In related news, major shareholder & Robyn Jones Descendants Mark sold 19,600 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $123.09, for a total value of $2,412,564.00. Following the completion of the transaction, the insider now owns 132,349 shares of the company's stock, valued at approximately $16,290,838.41. This trade represents a 12.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Lindy Langston sold 2,853 shares of the stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $110.16, for a total value of $314,286.48. The disclosure for this sale can be found here. In the last quarter, insiders sold 182,778 shares of company stock worth $20,161,729. Company insiders own 48.35% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on GSHD shares. Bank of America increased their price target on Goosehead Insurance from $39.00 to $43.00 and gave the company an "underperform" rating in a research note on Tuesday, February 25th. BMO Capital Markets decreased their price target on shares of Goosehead Insurance from $148.00 to $142.00 and set a "market perform" rating on the stock in a research note on Monday, April 28th. UBS Group cut their price objective on shares of Goosehead Insurance from $145.00 to $140.00 and set a "buy" rating for the company in a research note on Monday, April 28th. Truist Financial reiterated a "hold" rating and issued a $90.00 price objective (up previously from $80.00) on shares of Goosehead Insurance in a report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Goosehead Insurance from $100.00 to $98.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. One equities 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 stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $115.40.

Goosehead Insurance Price Performance

Shares of GSHD traded up $0.03 during mid-day trading on Friday, hitting $108.51. 97,443 shares of the company were exchanged, compared to its average volume of 271,917. Goosehead Insurance, Inc has a 1-year low of $54.80 and a 1-year high of $130.39. The stock has a market cap of $4.07 billion, a price-to-earnings ratio of 150.70, a price-to-earnings-growth ratio of 5.17 and a beta of 1.45. The company has a 50 day moving average of $107.78 and a 200-day moving average of $111.54. The company has a debt-to-equity ratio of 37.70, a quick ratio of 1.55 and a current ratio of 1.55.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.02. Goosehead Insurance had a net margin of 6.77% and a return on equity of 284.41%. The firm had revenue of $75.58 million for the quarter, compared to the consensus estimate of $78.59 million. During the same period in the prior year, the firm earned $0.28 EPS. The firm's revenue for the quarter was up 17.2% on a year-over-year basis. Analysts expect that Goosehead Insurance, Inc will post 0.83 EPS for the current fiscal 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.