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 company’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 transaction, the director directly owned 129,605 shares in the company, valued at approximately $252,729.75. This trade represents a 72.90% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Venu Stock Performance

Shares of NYSEAMERICAN VENU traded up $0.01 during mid-day trading on Thursday, hitting $2.00. The company had a trading volume of 292,598 shares, compared to its average volume of 424,925. The stock has a market cap of $112.42 million, a price-to-earnings ratio of -2.15 and a beta of 3.22. Venu Holding Corporation has a 12 month low of $1.75 and a 12 month high of $13.96. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.25 and a quick ratio of 0.24. The firm’s 50 day simple moving average is $2.34 and its two-hundred day simple moving average is $3.42.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Anson Funds Management LP bought a new stake in shares of Venu during the first quarter valued at approximately $18,233,000. BlackRock Inc. acquired a new position in shares of Venu during the second quarter worth approximately $6,570,000. Nantahala Capital Management LLC bought a new position in Venu in the 2nd quarter worth approximately $3,456,886,000. Citadel Advisors LLC bought a new position in Venu in the 3rd quarter worth approximately $8,878,000. Finally, Empery Asset Management LP acquired a new stake in Venu in the 2nd quarter valued at approximately $1,164,097,000.

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.