Venu Holding Corporation (NYSEAMERICAN:VENU - Get Free Report) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $14.98 and last traded at $14.96, with a volume of 50200 shares traded. The stock had previously closed at $13.97.
Wall Street Analysts Forecast Growth
A number of analysts have commented on the company. Northland Capmk raised Venu to a "strong-buy" rating in a research report on Wednesday, June 11th. Northland Securities started coverage on Venu in a report on Wednesday, June 11th. They issued an "outperform" rating and a $15.00 price objective for the company.
Check Out Our Latest Report on VENU
Venu Price Performance
The company has a fifty day moving average price of $12.37 and a 200-day moving average price of $10.18. The company has a quick ratio of 2.70, a current ratio of 2.72 and a debt-to-equity ratio of 0.39.
Insider Transactions at Venu
In related news, 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 value 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 represents a 3.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jay W. Roth sold 18,418 shares of the company's stock in a transaction dated Monday, June 23rd. The stock was 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 directly owned 9,310,122 shares of the company's stock, valued at $125,128,039.68. The trade was a 0.20% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 127,736 shares of company stock valued at $1,613,691 in the last ninety days.
Institutional Investors Weigh In On Venu
A number of large investors have recently made changes to their positions in VENU. First Western Trust Bank acquired a new position in Venu in the first quarter valued at approximately $5,338,000. Bard Associates Inc. lifted its holdings in Venu by 3.8% in the first quarter. Bard Associates Inc. now owns 211,090 shares of the company's stock valued at $1,953,000 after acquiring an additional 7,700 shares during the last quarter. Gabelli Funds LLC acquired a new position in Venu in the fourth quarter valued at approximately $590,000. Focus Partners Wealth acquired a new position in Venu in the fourth quarter valued at approximately $589,000. Finally, Pallas Capital Advisors LLC lifted its holdings in Venu by 95.2% in the second quarter. Pallas Capital Advisors LLC now owns 40,666 shares of the company's stock valued at $479,000 after acquiring an additional 19,833 shares during the last quarter.
About Venu
(
Get Free Report)
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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