Voloridge Investment Management LLC Has $13.77 Million Position in Goosehead Insurance, Inc (NASDAQ:GSHD)

Voloridge Investment Management LLC grew its stake in Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) by 57.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 128,463 shares of the company's stock after acquiring an additional 46,665 shares during the quarter. Voloridge Investment Management LLC owned 0.35% of Goosehead Insurance worth $13,774,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Alberta Investment Management Corp lifted its position in Goosehead Insurance by 232.8% in the 4th quarter. Alberta Investment Management Corp now owns 36,588 shares of the company's stock valued at $3,923,000 after acquiring an additional 25,595 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Goosehead Insurance in the 4th quarter valued at about $536,000. Deutsche Bank AG lifted its holdings in shares of Goosehead Insurance by 48.1% in the fourth quarter. Deutsche Bank AG now owns 20,987 shares of the company's stock valued at $2,250,000 after purchasing an additional 6,813 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Goosehead Insurance by 3.8% during the fourth quarter. Principal Financial Group Inc. now owns 118,854 shares of the company's stock worth $12,744,000 after buying an additional 4,333 shares during the period. Finally, Great Lakes Advisors LLC bought a new position in shares of Goosehead Insurance during the fourth quarter worth about $8,737,000.

Insider Activity

In other Goosehead Insurance news, major shareholder & Robyn Jones Descendants Mark sold 19,600 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $123.09, for a total transaction of $2,412,564.00. Following the completion of the sale, the insider now owns 132,349 shares of the company's stock, valued at approximately $16,290,838.41. This represents a 12.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel John Terry O'connor sold 2,500 shares of the company's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $104.42, for a total transaction of $261,050.00. Following the completion of the sale, the general counsel now directly owns 1,000 shares in the company, valued at approximately $104,420. This represents a 71.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 413,883 shares of company stock valued at $48,268,964 over the last quarter. 48.35% of the stock is owned by company insiders.

Goosehead Insurance Price Performance

NASDAQ GSHD traded down $1.91 during trading on Wednesday, hitting $108.61. 210,673 shares of the company's stock were exchanged, compared to its average volume of 272,479. The company has a market cap of $4.08 billion, a PE ratio of 150.85, a P/E/G ratio of 5.17 and a beta of 1.45. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 37.70. Goosehead Insurance, Inc has a fifty-two week low of $54.80 and a fifty-two week high of $130.39. The stock's 50 day moving average price is $108.16 and its two-hundred day moving average price is $111.64.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.26 earnings per share for the quarter, topping analysts' consensus estimates of $0.24 by $0.02. The business 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 quarterly revenue was up 17.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 EPS. Research analysts expect that Goosehead Insurance, Inc will post 0.83 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Keefe, Bruyette & Woods upped their target price on Goosehead Insurance from $125.00 to $130.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. Bank of America upped their price objective on Goosehead Insurance from $39.00 to $43.00 and gave the stock an "underperform" rating in a research note on Tuesday, February 25th. Piper Sandler decreased their target price on shares of Goosehead Insurance from $132.00 to $122.00 and set an "overweight" rating for the company in a research note on Wednesday, April 9th. JMP Securities restated a "market outperform" rating and set a $150.00 target price on shares of Goosehead Insurance in a report on Thursday, April 24th. Finally, BMO Capital Markets cut their price target on shares of Goosehead Insurance from $148.00 to $142.00 and set a "market perform" rating for the company in a research note on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $115.40.

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.