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

Venu Holding Corporation (NYSEAMERICAN:VENU) Director Thomas Finke purchased 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The shares were purchased at an average cost of $3.74 per share, with a total value of $56,100.00. Following the completion of the acquisition, the director directly owned 44,961 shares in the company, valued at $168,154.14. The trade was a 50.07% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Venu Price Performance

Shares of Venu stock opened at $3.24 on Wednesday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $192.59 million, a price-to-earnings ratio of -3.48 and a beta of 2.99. Venu Holding Corporation has a 1-year low of $2.61 and a 1-year high of $18.17. The firm’s 50-day moving average price is $3.65 and its two-hundred day moving average price is $5.38.

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 analysts’ consensus estimates of ($0.24) by ($0.05). The firm had revenue of $3.90 million during the quarter, compared to the consensus estimate of $3.75 million. Venu had a negative net margin of 217.24% and a negative return on equity of 19.66%.

Institutional Trading of Venu

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Anson Funds Management LP bought a new position in shares of Venu in the first quarter valued at about $18,233,000. Citadel Advisors LLC bought a new stake in Venu during the 3rd quarter worth about $8,878,000. Vanguard Group Inc. grew its holdings in Venu by 56.9% during the 3rd quarter. Vanguard Group Inc. now owns 1,351,910 shares of the company’s stock worth $17,318,000 after acquiring an additional 489,999 shares during the last quarter. First Western Trust Bank increased its position in Venu by 62.5% in the 3rd quarter. First Western Trust Bank now owns 650,120 shares of the company’s stock valued at $8,328,000 after acquiring an additional 250,000 shares in the last quarter. Finally, Fort Point Capital Partners LLC increased its position in Venu by 248.1% in the 4th quarter. Fort Point Capital Partners LLC now owns 245,103 shares of the company’s stock valued at $2,145,000 after acquiring an additional 174,684 shares in the last quarter.

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.