Insider Buying: Venu (NYSEAMERICAN:VENU) CEO Buys $19,939.00 in Stock

Venu Holding Corporation (NYSEAMERICAN:VENU) CEO Jay Roth bought 7,850 shares of Venu stock in a transaction dated Thursday, July 9th. The shares were acquired at an average cost of $2.54 per share, with a total value of $19,939.00. Following the completion of the purchase, the chief executive officer owned 9,263,114 shares in the company, valued at approximately $23,528,309.56. This trade represents a 0.08% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Venu Stock Performance

Shares of NYSEAMERICAN:VENU opened at $2.66 on Monday. Venu Holding Corporation has a 1 year low of $2.09 and a 1 year high of $18.17. The firm has a market capitalization of $158.11 million, a price-to-earnings ratio of -2.86 and a beta of 3.22. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.90 and a quick ratio of 0.90. The business’s 50 day moving average price is $3.26 and its 200-day moving average price is $4.76.

Venu (NYSEAMERICAN:VENU) last issued its quarterly earnings results on Friday, May 15th. The company reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.05). The company had revenue of $3.90 million during the quarter, compared to analysts’ expectations of $3.75 million. Venu had a negative return on equity of 19.66% and a negative net margin of 217.24%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of VENU. Raymond James Financial Inc. acquired a new stake in Venu in the 2nd quarter worth about $33,000. Keel Point LLC acquired a new position in shares of Venu during the first quarter valued at approximately $62,000. Bank of America Corp DE acquired a new position in shares of Venu during the third quarter valued at approximately $77,000. Apollon Wealth Management LLC purchased a new position in shares of Venu in the fourth quarter valued at approximately $88,000. Finally, Balyasny Asset Management L.P. purchased a new position in shares of Venu in the fourth quarter valued at approximately $91,000.

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.