Pallas Capital Advisors LLC Has $479,000 Holdings in 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 stake in Venu Holding Corporation (NYSEAMERICAN:VENU - Free Report) by 95.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 40,666 shares of the company's stock after purchasing an additional 19,833 shares during the quarter. Pallas Capital Advisors LLC owned approximately 0.11% of Venu worth $479,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Bard Associates Inc. raised its holdings in shares of Venu by 3.8% during the 1st quarter. Bard Associates Inc. now owns 211,090 shares of the company's stock valued at $1,953,000 after buying an additional 7,700 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in Venu in the 1st quarter worth approximately $92,000. Cypress Capital Management LLC WY purchased a new position in shares of Venu during the first quarter valued at approximately $104,000. North Capital Inc. purchased a new position in shares of Venu during the first quarter valued at approximately $112,000. Finally, Exchange Traded Concepts LLC purchased a new position in shares of Venu during the first quarter valued at approximately $171,000.

Insider Transactions at Venu

In other news, CEO Jay W. Roth sold 3,055 shares of the stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $12.20, for a total value of $37,271.00. Following the completion of the transaction, the chief executive officer directly owned 9,244,644 shares in the company, valued at $112,784,656.80. This trade represents a 0.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director David Lavigne sold 2,390 shares of the stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $11.32, for a total transaction of $27,054.80. Following the completion of the transaction, the director owned 163,474 shares of the company's stock, valued at $1,850,525.68. This trade represents a 1.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 77,365 shares of company stock valued at $946,316. Insiders own 34.20% of the company's stock.

Venu Stock Up 0.2%

Venu stock traded up $0.02 during trading on Tuesday, reaching $13.18. 78,501 shares of the company's stock were exchanged, compared to its average volume of 77,464. The company's 50-day moving average is $13.72 and its two-hundred day moving average is $11.09. 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 52-week low of $7.05 and a 52-week high of $18.17. The firm has a market cap of $569.24 million and a price-to-earnings ratio of -11.08.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Northland Capmk upgraded Venu to a "strong-buy" rating in a research report on Wednesday, June 11th. Northland Securities began coverage on Venu in a report on Wednesday, June 11th. They issued an "outperform" rating and a $15.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Strong Buy" and a consensus target price of $15.00.

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.