Empery Asset Management LP Purchases Shares of 512,818 Venu Holding Corporation $VENU

Empery Asset Management LP acquired a new stake in shares of Venu Holding Corporation (NYSEAMERICAN:VENU) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 512,818 shares of the company’s stock, valued at approximately $1,164,097,000. Venu comprises about 1.3% of Empery Asset Management LP’s portfolio, making the stock its 12th largest holding.

Several other large investors have also modified their holdings of the stock. Raymond James Financial Inc. acquired a new stake in shares of Venu during the second quarter worth $33,000. Keel Point LLC acquired a new position in shares of Venu in the 1st quarter valued at $62,000. Pallas Capital Advisors LLC purchased a new position in Venu in the 2nd quarter worth about $65,000. Bank of America Corp DE purchased a new position in Venu in the 3rd quarter worth about $77,000. Finally, Balyasny Asset Management L.P. purchased a new position in Venu in the 4th quarter worth about $91,000.

Venu Price Performance

NYSEAMERICAN VENU opened at $1.89 on Friday. 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 Holding Corporation has a 1 year low of $1.75 and a 1 year high of $18.17. The company has a market cap of $111.26 million, a PE ratio of -2.03 and a beta of 3.22. The stock’s 50-day moving average price is $2.38 and its two-hundred day moving average price is $3.50.

Venu (NYSEAMERICAN:VENU) last announced 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). The firm had revenue of $4.80 million during the quarter, compared to analyst estimates of $4.80 million. Venu had a negative return on equity of 21.05% and a negative net margin of 248.60%.

Insider Activity at Venu

In other news, Director Thomas M. Finke purchased 15,000 shares of Venu stock in a transaction that occurred on Tuesday, May 26th. The stock was acquired at an average price of $3.74 per share, for a total transaction of $56,100.00. Following the transaction, the director owned 44,961 shares in the company, valued at $168,154.14. The trade was a 50.07% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. In the last three months, insiders have purchased 24,470 shares of company stock valued at $79,441. 34.20% of the stock is currently owned by corporate insiders.

Venu 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.