1,546,705 Shares in Venu Holding Corporation $VENU Bought by Nantahala Capital Management LLC

Key Points

• Nantahala Capital Management purchased 1,546,705 Venu Holding shares worth approximately $3.46 million, giving it a 2.63% stake. Several other institutional investors also initiated positions recently.
• Venu insiders have been buying shares, including Director Thomas M. Finke’s purchase of 54,644 shares at an average price of $1.95. Insiders bought roughly $133,717 worth of stock over the past 90 days.
• Venu opened at $2.02 and remains near its 52-week low of $1.75, while its latest quarterly loss of $0.30 per share slightly missed estimates. The company reported $4.8 million in revenue and continues to post deeply negative profitability metrics.

Nantahala Capital Management LLC purchased a new stake in Venu Holding Corporation (NYSEAMERICAN:VENU - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,546,705 shares of the company's stock, valued at approximately $3,456,886. Nantahala Capital Management LLC owned 2.63% of Venu at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Raymond James Financial Inc. bought a new stake in Venu during the 2nd quarter worth about $33,000. CFO4Life Group LLC acquired a new position in shares of Venu during the 2nd quarter worth about $45,000. Keel Point LLC bought a new position in shares of Venu in the 1st quarter valued at about $62,000. Pallas Capital Advisors LLC bought a new position in shares of Venu in the 2nd quarter valued at about $65,000. Finally, Bank of America Corp DE acquired a new stake in shares of Venu in the third quarter valued at about $77,000.

Insider Transactions at Venu

In other Venu news, Director Thomas M. Finke purchased 54,644 shares of the company's stock in a transaction that occurred on Tuesday, August 25th. The shares were acquired at an average price of $1.95 per share, for a total transaction of $106,555.80. Following the purchase, the director owned 129,605 shares in the company, valued at approximately $252,729.75. The trade was a 72.90% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders purchased a total of 66,114 shares of company stock valued at $133,717 in the last 90 days. 34.20% of the stock is owned by corporate insiders.

Venu Stock Performance

VENU opened at $2.02 on Friday. Venu Holding Corporation has a 52-week low of $1.75 and a 52-week high of $13.96. The firm has a market capitalization of $113.54 million, a PE ratio of -2.17 and a beta of 3.22. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.24 and a current ratio of 0.25. The business's 50-day simple moving average is $2.30 and its 200 day simple moving average is $3.38.

Venu (NYSEAMERICAN:VENU - Get Free Report) last announced its quarterly 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). Venu had a negative net margin of 248.60% and a negative return on equity of 21.05%. The firm had revenue of $4.80 million during the quarter, compared to analyst estimates of $4.80 million.

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.

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