Venu (NYSEAMERICAN:VENU) Director Buys $76,000.00 in Stock

Key Points

• Director Thomas Finke bought 50,000 Venu shares at an average price of $1.52, investing $76,000 and increasing his direct ownership by 15.17% to 379,605 shares.
• Venu shares fell 7.0% to $1.32, near the company’s 52-week low of $1.31, while trading volume exceeded its average. The stock has a market capitalization of approximately $74.2 million.
• The company reported a quarterly loss of $0.30 per share, missing estimates by $0.01, with $4.8 million in revenue and a negative net margin of 248.6%.

Venu Holding Corporation (NYSEAMERICAN:VENU - Get Free Report) Director Thomas Finke purchased 50,000 shares of Venu stock in a transaction that occurred on Tuesday, September 29th. The shares were bought at an average price of $1.52 per share, for a total transaction of $76,000.00. Following the transaction, the director directly owned 379,605 shares of the company's stock, valued at $576,999.60. This trade represents a 15.17% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Venu Trading Down 7.0%

VENU stock traded down $0.10 during trading on Thursday, reaching $1.32. The company had a trading volume of 726,937 shares, compared to its average volume of 431,054. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.25 and a quick ratio of 0.24. Venu Holding Corporation has a 52 week low of $1.31 and a 52 week high of $13.96. The business has a 50 day moving average of $1.89 and a 200 day moving average of $2.83. The company has a market cap of $74.20 million, a P/E ratio of -1.42 and a beta of 3.20.

Venu (NYSEAMERICAN:VENU - Get Free Report) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($0.30) earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $4.80 million.

Institutional Investors Weigh In On Venu

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. AXQ Capital LP bought a new position in Venu in the second quarter worth $56,000. Nantahala Capital Management LLC bought a new stake in shares of Venu during the 2nd quarter valued at $3,456,886. Bank of America Corp DE bought a new stake in shares of Venu during the 2nd quarter valued at $118,000. Cable Car Capital LP purchased a new stake in shares of Venu in the 2nd quarter worth about $227,000. Finally, CFO4Life Group LLC purchased a new stake in shares of Venu in the 2nd quarter worth about $45,000.

Venu Company Profile

Venu Holding Corporation is a live entertainment and venue development company focused on creating, owning and operating premium music and entertainment destinations. The company develops open-air concert venues and related hospitality facilities designed to host concerts, festivals and other large-scale events.

Venu's activities include venue development, concert promotion, event production and hospitality services. Its properties are intended to combine live performances with amenities such as premium seating, food and beverage offerings, lodging, camping and other on-site experiences.

The company's operations are focused on the United States.

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