Insider Selling: Venu Holding Corporation (NYSEAMERICAN:VENU) CEO Sells 18,418 Shares of Stock

Venu Holding Corporation (NYSEAMERICAN:VENU) CEO Jay W. Roth sold 18,418 shares of the stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $13.44, for a total value of $247,537.92. Following the completion of the sale, the chief executive officer now owns 9,310,122 shares of the company’s stock, valued at approximately $125,128,039.68. This trade represents a 0.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Venu Stock Down 12.2%

NYSEAMERICAN:VENU opened at $11.70 on Thursday. The stock has a 50-day simple moving average of $9.50 and a 200-day simple moving average of $9.50. Venu Holding Corporation has a 1 year low of $7.05 and a 1 year high of $14.75. The company has a quick ratio of 2.70, a current ratio of 2.72 and a debt-to-equity ratio of 0.39.

Institutional Investors Weigh In On Venu

A number of institutional investors and hedge funds have recently modified their holdings of the company. First Western Trust Bank purchased a new position in shares of Venu in the 1st quarter worth $5,338,000. Bard Associates Inc. raised its position in shares of Venu by 3.8% in the 1st quarter. Bard Associates Inc. now owns 211,090 shares of the company’s stock worth $1,953,000 after buying an additional 7,700 shares during the period. Cypress Capital Management LLC WY purchased a new position in shares of Venu in the 1st quarter worth $104,000. North Capital Inc. purchased a new position in shares of Venu in the 1st quarter worth $112,000. Finally, Exchange Traded Concepts LLC purchased a new position in Venu in the first quarter valued at about $171,000.

Wall Street Analyst Weigh In

Several brokerages have commented on VENU. Northland Capmk raised Venu to a “strong-buy” rating in a report on Wednesday, June 11th. Northland Securities started coverage on Venu in a research note on Wednesday, June 11th. They set an “outperform” rating and a $15.00 target price for the company.

About Venu

Venu Holding Corporation is a premier hospitality and live music company dedicated to crafting luxury, experience-driven entertainment destinations. Venu Holding Corporation is based in COLORADO SPRINGS, Colo.