Venu (NYSEAMERICAN:VENU) Director Purchases $34,015.80 in Stock

Venu Holding Corporation (NYSEAMERICAN:VENU) Director Thomas Finke acquired 4,361 shares of the business’s stock in a transaction dated Tuesday, December 30th. The stock was purchased at an average price of $7.80 per share, with a total value of $34,015.80. Following the completion of the transaction, the director directly owned 29,961 shares of the company’s stock, valued at $233,695.80. This trade represents a 17.04% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Venu Stock Performance

Venu stock opened at $8.25 on Thursday. Venu Holding Corporation has a 1-year low of $7.05 and a 1-year high of $18.17. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $353.51 million, a PE ratio of -6.82 and a beta of 3.40. The firm’s 50 day simple moving average is $9.88 and its 200 day simple moving average is $12.09.

Venu (NYSEAMERICAN:VENU) last announced its quarterly earnings results on Friday, November 14th. The company reported ($0.15) EPS for the quarter, beating the consensus estimate of ($0.21) by $0.06. The firm had revenue of $5.38 million during the quarter, compared to the consensus estimate of $7.43 million. Venu had a negative net margin of 238.68% and a negative return on equity of 26.71%.

Hedge Funds Weigh In On Venu

A number of institutional investors have recently added to or reduced their stakes in VENU. Prelude Capital Management LLC bought a new stake in shares of Venu during the 3rd quarter valued at about $444,000. First Western Trust Bank raised its stake in Venu by 62.5% in the third quarter. First Western Trust Bank now owns 650,120 shares of the company’s stock valued at $8,328,000 after purchasing an additional 250,000 shares in the last quarter. Citadel Advisors LLC bought a new stake in Venu during the third quarter valued at approximately $8,878,000. Bank of America Corp DE purchased a new position in Venu in the 3rd quarter worth approximately $77,000. Finally, Hohimer Wealth Management LLC purchased a new position in Venu in the 3rd quarter worth approximately $961,000.

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.