Nantahala Capital Management LLC Acquires Shares of 1,546,705 Venu Holding Corporation $VENU

Nantahala Capital Management LLC purchased a new stake in Venu Holding Corporation (NYSEAMERICAN:VENU) in the second quarter, HoldingsChannel.com reports. The fund purchased 1,546,705 shares of the company’s stock, valued at approximately $3,456,886.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cypress Capital Management LLC WY lifted its holdings in shares of Venu by 16.3% during the 4th quarter. Cypress Capital Management LLC WY now owns 14,280 shares of the company’s stock worth $120,000 after acquiring an additional 2,000 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Venu during the 2nd quarter worth approximately $33,000. North Capital Inc. boosted its position in shares of Venu by 23.4% during the 4th quarter. North Capital Inc. now owns 17,186 shares of the company’s stock worth $145,000 after acquiring an additional 3,254 shares in the last quarter. Bank of America Corp DE bought a new position in Venu in the third quarter valued at approximately $77,000. Finally, Charles Schwab Investment Management Inc. increased its stake in Venu by 5.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 184,475 shares of the company’s stock valued at $1,553,000 after acquiring an additional 9,822 shares during the last quarter.

Insiders Place Their Bets

In other Venu news, Director Thomas M. Finke purchased 54,644 shares of the business’s stock in a transaction dated 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 completion of the acquisition, the director owned 129,605 shares in the company, valued at approximately $252,729.75. This trade represents a 72.90% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last 90 days, insiders have purchased 66,114 shares of company stock worth $133,717. Insiders own 34.20% of the company’s stock.

Venu Stock Up 1.0%

Shares of VENU opened at $2.02 on Friday. The firm has a 50 day simple moving average of $2.30 and a two-hundred day simple moving average of $3.38. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.25 and a quick ratio of 0.24. Venu Holding Corporation has a one year low of $1.75 and a one year high of $13.96. The company has a market cap of $113.54 million, a P/E ratio of -2.17 and a beta of 3.22.

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

Venu 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.