Pallas Capital Advisors LLC Buys 19,833 Shares of Venu Holding Corporation $VENU

Key Points

• Pallas Capital Advisors LLC has significantly increased its stake in Venu Holding Corporation by 95.2%, owning approximately 40,666 shares worth $479,000 at the end of the last quarter.
• Analyst reports have rated Venu with a consensus of “Strong Buy”, with Northland Securities setting a price target of $15.00.
• Insider selling activity includes CEO Jay W. Roth, who sold 18,418 shares, and Director David Lavigne, who sold 6,435 shares, indicating potential shifts in insider sentiment.

Pallas Capital Advisors LLC boosted its position in shares of Venu Holding Corporation (NYSEAMERICAN:VENU - Free Report) by 95.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 40,666 shares of the company's stock after acquiring an additional 19,833 shares during the period. Pallas Capital Advisors LLC owned 0.11% of Venu worth $479,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of VENU. Wealth Enhancement Advisory Services LLC bought a new position in Venu during the 1st quarter valued at $92,000. Willis Investment Counsel acquired a new position in shares of Venu in the 1st quarter worth approximately $299,000. Exchange Traded Concepts LLC purchased a new position in Venu during the 1st quarter worth $171,000. First Western Trust Bank bought a new position in shares of Venu in the first quarter worth approximately $5,338,000. Finally, Cypress Capital Management LLC WY purchased a new stake in Venu in the first quarter worth $104,000.

Venu Trading Up 1.4%

Shares of Venu stock traded up $0.18 during trading on Friday, reaching $12.81. The company had a trading volume of 1,847,478 shares, compared to its average volume of 282,129. The firm's fifty day moving average is $13.69 and its 200-day moving average is $11.05. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.71 and a current ratio of 2.72. Venu Holding Corporation has a fifty-two week low of $7.05 and a fifty-two week high of $18.17.

Insider Activity

In other Venu news, CEO Jay W. Roth sold 18,418 shares of the company's stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $13.44, for a total value of $247,537.92. Following the completion of the transaction, the chief executive officer owned 9,310,122 shares in the company, valued at approximately $125,128,039.68. This represents a 0.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director David Lavigne sold 6,435 shares of the company's stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $11.34, for a total transaction of $72,972.90. Following the completion of the transaction, the director owned 165,864 shares of the company's stock, valued at approximately $1,880,897.76. This trade represents a 3.73% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 127,736 shares of company stock valued at $1,613,691. 34.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on VENU. Northland Capmk upgraded Venu to a "strong-buy" rating in a report on Wednesday, June 11th. Northland Securities started coverage on shares of Venu in a report on Wednesday, June 11th. They set an "outperform" rating and a $15.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Strong Buy" and a consensus target price of $15.00.

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.