Wasatch Advisors LP Holds 7.3% Stake in Goosehead Insurance
Ticker: GSHD · Form: SC 13G/A · Filed: 2024-02-09T00:00:00.000Z
Sentiment: bullish
Topics: institutional-ownership, amendment, investment-adviser
TL;DR
**Wasatch Advisors LP still owns 7.3% of Goosehead Insurance, a bullish sign.**
AI Summary
Wasatch Advisors LP, an investment adviser, filed an amended Schedule 13G on February 9, 2024, disclosing its ownership of 1,793,535 shares of Goosehead Insurance, Inc. Class A Common Stock. This represents 7.3% of the company's outstanding shares, indicating a significant institutional stake. This matters to investors because a large, active fund like Wasatch holding a substantial position can signal confidence in Goosehead's future, potentially influencing other investors and the stock's stability.
Why It Matters
This filing shows a major institutional investor, Wasatch Advisors LP, maintains a significant ownership in Goosehead Insurance, which can be a vote of confidence for current and prospective shareholders.
Risk Assessment
Risk Level: low — The filing indicates a stable, significant institutional ownership, which generally reduces volatility and provides a level of confidence.
Analyst Insight
A smart investor would view this significant, stable institutional ownership by Wasatch Advisors LP as a positive signal, potentially indicating long-term confidence in Goosehead Insurance, and might consider it as a factor in their investment decision.
Key Numbers
- 1,793,535 — Shares Owned (Represents the total number of Goosehead Insurance Class A Common Stock shares held by Wasatch Advisors LP.)
- 7.3% — Percent of Class Owned (Indicates the significant portion of Goosehead Insurance's Class A Common Stock controlled by Wasatch Advisors LP.)
Key Players & Entities
- Wasatch Advisors LP (company) — the investment adviser reporting its ownership
- Goosehead Insurance, Inc. (company) — the issuer of the securities
- 1,793,535 (dollar_amount) — number of shares owned by Wasatch Advisors LP
- 7.3% (dollar_amount) — percentage of Class A Common Stock owned by Wasatch Advisors LP
- February 9, 2024 (date) — date the SC 13G/A amendment was filed
Forward-Looking Statements
- Goosehead Insurance stock may experience increased stability due to significant institutional backing. (Goosehead Insurance, Inc.) — medium confidence, target: 6-12 months
FAQ
What is the purpose of this SC 13G/A filing?
This SC 13G/A filing is an amendment (Amendment No. 3) by Wasatch Advisors LP to report its beneficial ownership of Goosehead Insurance, Inc. Class A Common Stock, as required when an institutional investor owns more than 5% of a company's shares.
How many shares of Goosehead Insurance, Inc. Class A Common Stock does Wasatch Advisors LP own?
Wasatch Advisors LP owns 1,793,535 shares of Goosehead Insurance, Inc. Class A Common Stock, as stated in Item 9 and Item 4(a) of the filing.
What percentage of Goosehead Insurance, Inc.'s Class A Common Stock does Wasatch Advisors LP own?
Wasatch Advisors LP owns 7.3% of Goosehead Insurance, Inc.'s Class A Common Stock, as reported in Item 11 and Item 4(b) of the filing.
What type of reporting person is Wasatch Advisors LP?
Wasatch Advisors LP is an Investment Adviser (IA), as indicated in Item 12 and Item 3(e) of the filing, registered under section 203 of the Investment Advisers Act of 1940.
Does Wasatch Advisors LP have sole or shared voting and dispositive power over these shares?
Wasatch Advisors LP has sole voting power over 1,793,535 shares and sole dispositive power over 1,793,535 shares, with zero shared voting or dispositive power, as detailed in Items 5-8 and Item 4(c) of the filing.
From the Filing
EDGAR Filing Documents for 0000814133-24-000006 This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser. SEC.gov EDGAR Latest Filings Filings search tools Filing Detail SEC Home Company Search Current Page Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] SEC Accession No. 0000814133-24-000006 Filing Date 2024-02-09 Accepted 2024-02-09 14:56:37 Documents 1 Document Format Files Seq Description Document Type Size 1 gshd224.txt SC 13G/A 2492 Complete submission text file 0000814133-24-000006.txt 4209 Mailing Address 505 WAKARA WAY 3RD FLOOR SALT LAKE CITY UT 84108 Business Address 505 WAKARA WAY 3RD FLOOR SALT LAKE CITY UT 84108 8015330777 WASATCH ADVISORS LP (Filed by) CIK : 0000814133 (see all company filings) EIN. : 870319391 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A Mailing Address 1500 SOLANA BLVD BUILDING 4, SUITE 4500 WESTLAKE TX 76262 Business Address 1500 SOLANA BLVD BUILDING 4, SUITE 4500 WESTLAKE TX 76262 214-838-5500 Goosehead Insurance, Inc. (Subject) CIK : 0001726978 (see all company filings) EIN. : 000000000 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A | Act: 34 | File No.: 005-90456 | Film No.: 24614208 SIC : 6411 Insurance Agents, Brokers & Service (CF Office: 02 Finance)