Insider Buying: Venu (NYSEAMERICAN:VENU) Director Purchases $106,555.80 in Stock

Venu Holding Corporation (NYSEAMERICAN:VENU) Director Thomas Finke purchased 54,644 shares of the business’s stock in a transaction on Tuesday, August 25th. The shares were bought at an average price of $1.95 per share, for a total transaction of $106,555.80. Following the purchase, the director directly owned 129,605 shares in the company, valued at $252,729.75. This represents a 72.90% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Venu Trading Up 1.0%

Venu stock opened at $2.02 on Friday. The stock has a 50-day moving average price of $2.30 and a 200 day moving average price of $3.38. The company has a market capitalization of $113.54 million, a price-to-earnings ratio of -2.17 and a beta of 3.22. Venu Holding Corporation has a 52 week low of $1.75 and a 52 week high of $13.96. The company has a quick ratio of 0.24, a current ratio of 0.25 and a debt-to-equity ratio of 0.41.

Venu (NYSEAMERICAN:VENU) last posted its quarterly earnings results on Thursday, August 13th. The company reported ($0.30) EPS for the quarter, missing the consensus estimate of ($0.29) by ($0.01). The business had revenue of $4.80 million during the quarter, compared to analysts’ expectations of $4.80 million. Venu had a negative net margin of 248.60% and a negative return on equity of 21.05%.

Institutional Investors Weigh In On Venu

Several institutional investors have recently bought and sold shares of the company. AXQ Capital LP acquired a new position in Venu during the second quarter worth about $56,000. Nantahala Capital Management LLC acquired a new stake in Venu in the 2nd quarter valued at about $3,456,886. Bank of America Corp DE acquired a new stake in Venu in the 2nd quarter valued at about $118,000. Cable Car Capital LP purchased a new position in Venu in the 2nd quarter worth approximately $227,000. Finally, CFO4Life Group LLC purchased a new stake in shares of Venu in the second quarter valued at approximately $45,000.

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.