New Age Alpha Advisors LLC Acquires 14,973 Shares of Goosehead Insurance $GSHD

New Age Alpha Advisors LLC lifted its holdings in Goosehead Insurance (NASDAQ:GSHD) by 1,185.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 16,236 shares of the company’s stock after acquiring an additional 14,973 shares during the quarter. New Age Alpha Advisors LLC’s holdings in Goosehead Insurance were worth $1,196,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in GSHD. AQR Capital Management LLC increased its stake in shares of Goosehead Insurance by 85.7% in the first quarter. AQR Capital Management LLC now owns 4,332 shares of the company’s stock worth $511,000 after buying an additional 1,999 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Goosehead Insurance by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,369 shares of the company’s stock worth $1,578,000 after buying an additional 578 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Goosehead Insurance by 86.6% in the first quarter. Goldman Sachs Group Inc. now owns 354,775 shares of the company’s stock worth $41,885,000 after buying an additional 164,693 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Goosehead Insurance by 5.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 58,395 shares of the company’s stock worth $6,894,000 after buying an additional 3,218 shares during the period. Finally, Intech Investment Management LLC increased its stake in shares of Goosehead Insurance by 28.2% in the first quarter. Intech Investment Management LLC now owns 11,179 shares of the company’s stock worth $1,320,000 after buying an additional 2,461 shares during the period.

Goosehead Insurance Price Performance

Shares of Goosehead Insurance stock opened at $37.68 on Thursday. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of 33.05, a PEG ratio of 1.38 and a beta of 1.62. The firm’s 50-day moving average is $42.68 and its 200 day moving average is $57.13. Goosehead Insurance has a 1 year low of $35.83 and a 1 year high of $113.00.

Goosehead Insurance (NASDAQ:GSHD) last announced its quarterly earnings results on Thursday, April 23rd. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.17. The company had revenue of $79.48 million for the quarter, compared to analysts’ expectations of $105.16 million. Goosehead Insurance had a net margin of 7.94% and a negative return on equity of 20.96%. Goosehead Insurance’s revenue was up 23.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.26 EPS. On average, equities analysts expect that Goosehead Insurance will post 1.49 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on GSHD shares. Citizens Jmp reduced their price objective on shares of Goosehead Insurance from $125.00 to $100.00 and set a “market outperform” rating on the stock in a research report on Monday, April 13th. Weiss Ratings downgraded shares of Goosehead Insurance from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, April 20th. Citigroup reissued an “outperform” rating on shares of Goosehead Insurance in a research report on Wednesday, February 18th. BMO Capital Markets reduced their price objective on shares of Goosehead Insurance from $79.00 to $55.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 18th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Goosehead Insurance from $58.00 to $55.00 and set a “neutral” rating on the stock in a research report on Thursday, May 14th. Seven equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $66.73.

Insider Transactions at Goosehead Insurance

In other news, General Counsel Martin Ellis Thornthwaite purchased 5,000 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The shares were bought at an average price of $41.50 per share, for a total transaction of $207,500.00. Following the purchase, the general counsel directly owned 5,000 shares in the company, valued at approximately $207,500. This trade represents a ∞ increase in their position. The transaction 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 82,689 shares of the company’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $41.77, for a total transaction of $3,453,919.53. Following the completion of the transaction, the insider owned 7,050,356 shares in the company, valued at approximately $294,493,370.12. The trade was a 1.16% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 219,192 shares of company stock worth $9,092,267. 38.07% of the stock is currently owned by company insiders.

About Goosehead Insurance

Goosehead Insurance (NASDAQ: GSHD) is a technology-driven insurance agency that connects consumers with a broad range of personal and commercial insurance products through an extensive network of independent insurance advisors. The company specializes in homeowners, auto, flood, dwelling fire, umbrella, life, and commercial lines coverage, working with multiple national and regional carriers to offer tailored policies. By combining advanced quoting tools with local market expertise, Goosehead streamlines the insurance shopping process and helps clients find competitive coverage options.

Founded in 2003 and headquartered in Westlake, Texas, Goosehead has grown its footprint across more than 40 states in the U.S.