Ryan Specialty Holdings Inc. [RYAN] Insider Selling: Time to sell?

Ryan Specialty Holdings Inc.’s recently made public that its Director CORTEZI NICHOLAS DOMINIC unloaded Company’s shares for reported $0.19 million on Aug 18. In the deal valued at $44.68 per share,4,283 shares were sold. As a result of this transaction, CORTEZI NICHOLAS DOMINIC now holds 0 shares worth roughly $ 0.0.

Then, CORTEZI NICHOLAS DOMINIC sold 25,000 shares, generating $1,126,362 in total proceeds. Upon selling the shares at $45.05, the Director now owns 0 shares.

Before that, PASCHAL-ALCORN LISA JO sold 42,762 shares. Ryan Specialty Holdings Inc. shares valued at $1,924,739 were divested by the insider at a price of $45.01 per share. As a result of the transaction, PASCHAL-ALCORN LISA JO now holds 3,660 shares, worth roughly $0.18 million.

BMO Capital Markets initiated its Ryan Specialty Holdings Inc. [RYAN] rating to an Outperform in a research note published on Tuesday, January 20, 2023; the price target was $51. PT values the company’s stock at a premium of 5.27 to its Tuesday closing price.

Price Performance Review of RYAN

On Tuesday, Ryan Specialty Holdings Inc. [NYSE:RYAN] saw its stock fall -1.37% to $48.31. On the same session, the stock had its day’s lowest price of $48.08, but rose to a high of $48.98. Over the last five days, the stock has gained 2.22%. Ryan Specialty Holdings Inc. shares have risen nearly 16.38% since the year began. Nevertheless, the stocks have risen 16.33% over the past one year. While a 52-week high of $49.39 was reached on 08/30/23, a 52-week low of $32.13 was recorded on 03/13/23. SMA at 50 days reached $45.14, while 200 days put it at $42.15. A total of 0.97 million shares were traded, compared to the trading of 0.48 million shares in the previous session.

Levels Of Support And Resistance For RYAN Stock

The 24-hour chart illustrates a support level at 47.93, which if violated will result in even more drops to 47.56. On the upside, there is a resistance level at 48.83. A further resistance level may holdings at 49.36. The Relative Strength Index (RSI) on the 14-day chart is 65.97, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.89, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 20.04%. Stochastics %K at 88.37% indicates the stock is a selling.

How much short interest is there in Ryan Specialty Holdings Inc.?

A steep rise in short interest was recorded in Ryan Specialty Holdings Inc. stocks on Aug 14, 2023, dropping by 20000.0 shares to a total of 4.88 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 4.9 million shares. There was a decline of -0.41%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 5.62% of the overall stock float, the days-to-cover ratio (short ratio) fell to 7.3.

Ryan Specialty Holdings Inc. [RYAN] – Who Are The Largest Shareholders?

In filings from Kayne Anderson Rudnick Investment, it is revealed that the company now owns 10,607,829 shares, or roughly 9.11% of the outstanding RYAN shares. In other words, the investor’s shares have fallen by -324,161 from its previous 13-F filing of 10931990.0. Additionally, The Vanguard Group, Inc. increased 12.57% of its stake after which the total value it holdings stand at $374,359,175, while Capital Research & Management Co added 0.04% of its stake to hold $255.19 million in the firm. Over the last quarter, Zimmer Partners LP sold -183,994 shares of Ryan Specialty Holdings Inc., while BlackRock Fund Advisors sold 450,304 shares. At present, Janus Henderson Investors US LLC is holding 3,365,288 shares valued at $145.85 million. Artisan Partners LP owned 2,853,806 shares of the company at the time of its most recent 13F filing, worth $123.68 million.