Insider Buying: Venu (NYSEAMERICAN:VENU) Director Acquires $76,000.00 in Stock

Venu Holding Corporation (NYSEAMERICAN:VENU) Director Thomas Finke acquired 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 29th. The stock was acquired at an average price of $1.52 per share, for a total transaction of $76,000.00. Following the completion of the acquisition, the director directly owned 379,605 shares of the company’s stock, valued at $576,999.60. The trade was a 15.17% increase in their position. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

Venu Price Performance

VENU stock opened at $1.40 on Friday. Venu Holding Corporation has a 52-week low of $1.31 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. The stock has a market cap of $78.69 million, a price-to-earnings ratio of -1.51 and a beta of 3.28. The business has a fifty day moving average of $1.85 and a two-hundred day moving average of $2.80.

Venu (NYSEAMERICAN:VENU) last announced 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 analyst estimates of $4.80 million. Venu had a negative net margin of 248.60% and a negative return on equity of 21.05%.

Institutional Inflows and Outflows

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

About Venu

Venu Holding Corporation is a live entertainment and venue development company focused on creating, owning and operating premium music and entertainment destinations. The company develops open-air concert venues and related hospitality facilities designed to host concerts, festivals and other large-scale events.

Venu’s activities include venue development, concert promotion, event production and hospitality services. Its properties are intended to combine live performances with amenities such as premium seating, food and beverage offerings, lodging, camping and other on-site experiences.

The company’s operations are focused on the United States.