Insider Selling: Venu Holding Corporation (NYSEAMERICAN:VENU) CEO Sells 3,049 Shares of Stock

Venu Holding Corporation (NYSEAMERICAN:VENU - Get Free Report) CEO Jay W. Roth sold 3,049 shares of the business's stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $12.02, for a total transaction of $36,648.98. Following the completion of the sale, the chief executive officer now owns 9,287,978 shares of the company's stock, valued at approximately $111,641,495.56. This represents a 0.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Venu Trading Down 5.1%

Shares of VENU stock traded down $0.61 during mid-day trading on Friday, hitting $11.32. 240,854 shares of the stock traded hands, compared to its average volume of 50,392. Venu Holding Corporation has a 52-week low of $7.05 and a 52-week high of $14.75. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.70 and a current ratio of 2.72. The stock's fifty day moving average is $9.58 and its two-hundred day moving average is $9.52.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on VENU. Northland Securities began coverage on shares of Venu in a report on Wednesday, June 11th. They set an "outperform" rating and a $15.00 price objective on the stock. Northland Capmk raised Venu to a "strong-buy" rating in a research report on Wednesday, June 11th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. First Western Trust Bank acquired a new position in shares of Venu during the first quarter worth $5,338,000. Bard Associates Inc. grew its stake in shares of Venu by 3.8% during the first quarter. Bard Associates Inc. now owns 211,090 shares of the company's stock worth $1,953,000 after acquiring an additional 7,700 shares during the last quarter. Gabelli Funds LLC acquired a new position in shares of Venu during the fourth quarter valued at about $590,000. Focus Partners Wealth purchased a new position in shares of Venu in the 4th quarter valued at approximately $589,000. Finally, Willis Investment Counsel acquired a new stake in Venu in the 1st quarter worth approximately $299,000.

Venu Company Profile

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.

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