Venu (NYSEAMERICAN:VENU) Trading 2.4% Higher - Here's What Happened

Key Points

• Venu Holding Corporation's stock price rose by 2.4% on Monday, reaching a high of $12.84 before closing at $12.63, with trading volume significantly down 73% compared to the average.
• The company boasts a market cap of $545.49 million and various financial ratios, including a debt-to-equity ratio of 0.27 and a price-to-earnings ratio of -10.61.
• Several institutional investors, including First Western Trust Bank and Pallas Capital Advisors LLC, increased their stakes or acquired new positions in Venu, reflecting increased interest in the company.

Venu Holding Corporation (NYSEAMERICAN:VENU - )'s stock price traded up 2.4% on Monday . The company traded as high as $12.84 and last traded at $12.63. 54,060 shares traded hands during mid-day trading, a decline of 73% from the average session volume of 203,470 shares. The stock had previously closed at $12.33.

Venu Trading Up 2.4%

The business's 50-day moving average price is $13.56 and its two-hundred day moving average price is $11.48. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.72 and a quick ratio of 2.71. The firm has a market cap of $545.49 million and a price-to-earnings ratio of -10.61.

Hedge Funds Weigh In On Venu

A number of institutional investors have recently modified their holdings of the company. First Western Trust Bank acquired a new position in shares of Venu in the first quarter valued at approximately $5,338,000. Bard Associates Inc. increased its stake 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 acquiring an additional 7,700 shares during the last quarter. Pallas Capital Advisors LLC increased its stake in shares of Venu by 95.2% during the 2nd 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. Altus Wealth Group LLC acquired a new position in shares of Venu during the 2nd quarter valued at about $236,000. Finally, Exchange Traded Concepts LLC acquired a new position in Venu during the first quarter worth approximately $171,000.

Venu Company 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.

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