Langdon Equity Partners Purchases Shares of 520,000 Goosehead Insurance $GSHD

Langdon Equity Partners purchased a new stake in Goosehead Insurance (NASDAQ:GSHD) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 520,000 shares of the company’s stock, valued at approximately $41,892,000. Goosehead Insurance comprises about 21.6% of Langdon Equity Partners’ portfolio, making the stock its largest holding.

A number of other institutional investors and hedge funds also recently bought and sold shares of GSHD. Durable Capital Partners LP increased its holdings in Goosehead Insurance by 126.5% in the 3rd quarter. Durable Capital Partners LP now owns 1,542,186 shares of the company’s stock valued at $114,769,000 after acquiring an additional 861,374 shares during the last quarter. Whitebark Investors LP bought a new stake in Goosehead Insurance in the 3rd quarter valued at $25,229,000. Jacobs Levy Equity Management Inc. bought a new stake in Goosehead Insurance in the 3rd quarter valued at $25,222,000. Balyasny Asset Management L.P. increased its holdings in Goosehead Insurance by 118.7% in the 2nd quarter. Balyasny Asset Management L.P. now owns 556,760 shares of the company’s stock valued at $58,744,000 after acquiring an additional 302,130 shares during the last quarter. Finally, Wasatch Advisors LP increased its holdings in Goosehead Insurance by 12.6% in the 2nd quarter. Wasatch Advisors LP now owns 2,275,369 shares of the company’s stock valued at $240,074,000 after acquiring an additional 253,777 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on GSHD. Royal Bank Of Canada lifted their price target on shares of Goosehead Insurance from $49.00 to $52.00 and gave the company a “sector perform” rating in a report on Thursday, April 23rd. Citigroup reissued an “outperform” rating on shares of Goosehead Insurance in a research note on Wednesday, February 18th. Piper Sandler dropped their price objective on shares of Goosehead Insurance from $60.00 to $52.00 and set an “overweight” rating for the company in a research note on Tuesday, May 26th. Truist Financial dropped their price objective on shares of Goosehead Insurance from $72.00 to $58.00 and set a “hold” rating for the company in a research note on Wednesday, February 18th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Goosehead Insurance from $75.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. Seven analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $65.09.

Goosehead Insurance Stock Down 0.2%

Shares of NASDAQ:GSHD opened at $36.82 on Friday. Goosehead Insurance has a 52 week low of $33.68 and a 52 week high of $107.17. The stock has a market capitalization of $1.31 billion, a P/E ratio of 32.30, a PEG ratio of 1.28 and a beta of 1.52. The firm has a fifty day simple moving average of $41.15 and a two-hundred day simple moving average of $54.43.

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

Insider Activity

In other news, CFO John Arthur Martin bought 5,000 shares of the stock in a transaction dated Thursday, May 28th. The stock was purchased at an average price of $34.73 per share, for a total transaction of $173,650.00. Following the acquisition, the chief financial officer owned 5,000 shares of the company’s stock, valued at $173,650. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder & Robyn Jones Descendants Mark sold 9,588 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $40.76, for a total transaction of $390,806.88. Following the completion of the sale, the insider owned 6,995,180 shares of the company’s stock, valued at $285,123,536.80. This trade represents a 0.14% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have bought 12,800 shares of company stock worth $480,718 and have sold 219,192 shares worth $9,092,267. 38.07% of the stock is currently owned by insiders.

Goosehead Insurance Profile

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.