Jay Roth Purchases 7,850 Shares of Venu (NYSEAMERICAN:VENU) Stock

Venu Holding Corporation (NYSEAMERICAN:VENU) CEO Jay Roth acquired 7,850 shares of the firm’s stock in a transaction dated Thursday, July 9th. The shares were purchased at an average price of $2.54 per share, with a total value of $19,939.00. Following the completion of the transaction, the chief executive officer owned 9,263,114 shares of the company’s stock, valued at $23,528,309.56. This trade represents a 0.08% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Venu Price Performance

VENU remained flat at $2.66 during trading on Friday. 537,569 shares of the company’s stock were exchanged, compared to its average volume of 423,578. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.22. The company has a 50 day simple moving average of $3.28 and a 200-day simple moving average of $4.81. Venu Holding Corporation has a twelve month low of $2.09 and a twelve month high of $18.17. The stock has a market capitalization of $158.11 million, a PE ratio of -2.86 and a beta of 3.22.

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

Institutional Trading of Venu

Hedge funds have recently modified their holdings of the stock. Raymond James Financial Inc. acquired a new position in shares of Venu during the 2nd quarter valued at $33,000. Bank of America Corp DE bought a new stake in Venu in the third quarter valued at $77,000. Apollon Wealth Management LLC acquired a new position in shares of Venu during the fourth quarter valued at about $88,000. Balyasny Asset Management L.P. bought a new position in shares of Venu during the 4th quarter worth about $91,000. Finally, J. Derek Lewis & Associates Inc. acquired a new stake in shares of Venu in the 4th quarter valued at about $93,000.

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.