Hodges Capital Management Inc. acquired a new position in Goosehead Insurance Inc (NASDAQ:GSHD) during the 3rd quarter, Holdings Channel reports. The fund acquired 24,610 shares of the company’s stock, valued at approximately $834,000.
Several other institutional investors have also added to or reduced their stakes in GSHD. Rhumbline Advisers purchased a new stake in shares of Goosehead Insurance in the 2nd quarter worth about $217,000. Thompson Davis & CO. Inc. acquired a new position in Goosehead Insurance in the 2nd quarter valued at about $318,000. TD Asset Management Inc. acquired a new position in Goosehead Insurance in the 2nd quarter valued at about $367,000. Brighton Jones LLC acquired a new position in Goosehead Insurance in the 2nd quarter valued at about $422,000. Finally, Schwab Charles Investment Management Inc. acquired a new position in Goosehead Insurance in the 2nd quarter valued at about $457,000. Institutional investors and hedge funds own 75.67% of the company’s stock.
Several brokerages recently weighed in on GSHD. Zacks Investment Research raised shares of Goosehead Insurance from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a research note on Wednesday, October 10th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $28.00 target price on shares of Goosehead Insurance in a research note on Thursday, August 9th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Goosehead Insurance has a consensus rating of “Buy” and an average price target of $25.00.
Goosehead Insurance (NASDAQ:GSHD) last announced its earnings results on Tuesday, August 7th. The company reported ($0.68) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.74). The company had revenue of $14.79 million for the quarter, compared to analysts’ expectations of $13.80 million. As a group, equities analysts forecast that Goosehead Insurance Inc will post 0.28 EPS for the current fiscal year.
About Goosehead Insurance
Goosehead Insurance, Inc focuses on operating as a holding company for Goosehead Financial, LLC that provides personal lines insurance agency services in the United States. The company operates through two segments, Corporate Channel and Franchise Channel. It offers various insurance products, including homeowner's insurance; auto insurance; other personal lines products, such as flood, wind, and earthquake insurance; excess liability or umbrella insurance; specialty lines insurance comprising motorcycle, recreational vehicle, and other insurance; commercial lines insurance consisting of general liability, property, and auto insurance for small businesses; and life insurance.
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