Venu (NYSEAMERICAN:VENU) Director Acquires $56,100.00 in Stock

Venu Holding Corporation (NYSEAMERICAN:VENU – Get Free Report) Director Thomas Finke acquired 15,000 shares of Venu stock in a transaction that occurred on Tuesday, May 26th. The stock was acquired at an average price of $3.74 per share, with a total value of $56,100.00. Following the completion of the purchase, the director directly owned 44,961 shares in the company, valued at $168,154.14. This represents a 50.07% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.

Venu Trading Up 1.5%

Shares of VENU opened at $3.29 on Thursday. The firm’s 50 day simple moving average is $3.64 and its 200 day simple moving average is $5.33. The company has a market capitalization of $195.56 million, a P/E ratio of -3.54 and a beta of 2.99. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.90 and a quick ratio of 0.90. Venu Holding Corporation has a 1-year low of $2.61 and a 1-year high of $18.17.

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Venu (NYSEAMERICAN:VENU – Get Free Report) last released its quarterly earnings results on Friday, May 15th. The company reported ($0.29) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.05). The company had revenue of $3.90 million during the quarter, compared to analysts’ expectations of $3.75 million. Venu had a negative return on equity of 19.66% and a negative net margin of 217.24%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of VENU. Anson Funds Management LP bought a new stake in Venu in the 1st quarter worth about $18,233,000. Citadel Advisors LLC purchased a new position in Venu in the 3rd quarter worth about $8,878,000. Vanguard Group Inc. boosted its holdings in shares of Venu by 56.9% during the 3rd quarter. Vanguard Group Inc. now owns 1,351,910 shares of the company’s stock valued at $17,318,000 after acquiring an additional 489,999 shares during the last quarter. First Western Trust Bank grew its stake in shares of Venu by 62.5% in the third quarter. First Western Trust Bank now owns 650,120 shares of the company’s stock worth $8,328,000 after acquiring an additional 250,000 shares during the period. Finally, Fort Point Capital Partners LLC grew its stake in shares of Venu by 248.1% in the fourth quarter. Fort Point Capital Partners LLC now owns 245,103 shares of the company’s stock worth $2,145,000 after acquiring an additional 174,684 shares during the period.

About Venu

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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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