Venu (NYSEAMERICAN:VENU) Director Purchases $106,555.80 in Stock

Key Points

• Director Thomas Finke purchased 54,644 Venu shares at an average price of $1.95, investing $106,555.80 and increasing his direct ownership by 72.9% to 129,605 shares.
• Venu shares rose 0.5% to $2.00, but remain well below their 12-month high of $13.96. The company has a market capitalization of approximately $112.4 million and a current ratio of just 0.25.
• Venu reported a quarterly loss of $0.30 per share, missing estimates by $0.01, while revenue of $4.8 million matched expectations; several hedge funds also recently initiated positions in the company.

Venu Holding Corporation (NYSEAMERICAN:VENU - Get Free Report) Director Thomas Finke purchased 54,644 shares of the firm's stock in a transaction that occurred on Tuesday, August 25th. The stock was purchased at an average price of $1.95 per share, with a total value of $106,555.80. Following the completion of the purchase, the director directly owned 129,605 shares of the company's stock, valued at approximately $252,729.75. This represents a 72.90% increase in their position. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

Venu Stock Up 0.5%

NYSEAMERICAN VENU traded up $0.01 on Thursday, hitting $2.00. 292,598 shares of the stock traded hands, compared to its average volume of 424,925. The stock has a 50-day moving average of $2.34 and a 200 day moving average of $3.42. Venu Holding Corporation has a twelve month low of $1.75 and a twelve month high of $13.96. The company has a market capitalization of $112.42 million, a P/E ratio of -2.15 and a beta of 3.22. The company has a current ratio of 0.25, a quick ratio of 0.24 and a debt-to-equity ratio of 0.41.

Venu (NYSEAMERICAN:VENU - Get Free Report) last issued its earnings results on Thursday, August 13th. The company reported ($0.30) EPS for the quarter, missing the consensus estimate of ($0.29) by ($0.01). Venu had a negative return on equity of 21.05% and a negative net margin of 248.60%.The firm had revenue of $4.80 million during the quarter, compared to analyst estimates of $4.80 million.

Hedge Funds Weigh In On Venu

A number of hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new stake in shares of Venu during the second quarter worth $33,000. CFO4Life Group LLC acquired a new position in shares of Venu in the 2nd quarter valued at about $45,000. AXQ Capital LP bought a new stake in shares of Venu during the 2nd quarter valued at about $56,000. Keel Point LLC bought a new stake in shares of Venu during the 1st quarter valued at about $62,000. Finally, Pallas Capital Advisors LLC acquired a new stake in Venu during the second quarter worth about $65,000.

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.

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