Venu (NYSEAMERICAN:VENU) Director Purchases 15,000 Shares of Stock

Venu Holding Corporation (NYSEAMERICAN:VENU) Director Thomas Finke acquired 15,000 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was purchased at an average price of $3.74 per share, for a total transaction of $56,100.00. Following the transaction, the director directly owned 44,961 shares of the company’s stock, valued at approximately $168,154.14. This trade represents a 50.07% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Venu Stock Performance

Shares of NYSEAMERICAN:VENU opened at $2.88 on Monday. The company has a market cap of $171.19 million, a price-to-earnings ratio of -3.10 and a beta of 3.00. The company has a 50-day moving average price of $3.67 and a 200-day moving average price of $5.48. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.22. Venu Holding Corporation has a 12 month low of $2.61 and a 12 month high of $18.17.

Venu (NYSEAMERICAN:VENU) last posted its earnings results on Friday, May 15th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($0.05). The business had revenue of $3.90 million during the quarter, compared to the consensus estimate of $3.75 million. Venu had a negative return on equity of 19.66% and a negative net margin of 217.24%.

Hedge Funds Weigh In On Venu

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in shares of Venu during the 2nd quarter valued at $33,000. EverSource Wealth Advisors LLC increased its stake in shares of Venu by 199.8% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 3,001 shares of the company’s stock worth $38,000 after acquiring an additional 2,000 shares in the last quarter. Bank of America Corp DE bought a new position in shares of Venu in the 3rd quarter worth about $77,000. Apollon Wealth Management LLC purchased a new position in Venu during the 4th quarter valued at about $88,000. Finally, Balyasny Asset Management L.P. purchased a new position in Venu during the 4th quarter valued at about $91,000.

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.