Venu (NYSEAMERICAN:VENU) Stock: Insider Thomas Finke Acquires 50,000 Shares

Venu Holding Corporation (NYSEAMERICAN:VENU) Director Thomas Finke acquired 50,000 shares of the business’s stock in a transaction on Tuesday, September 29th. The stock was acquired at an average price of $1.52 per share, for a total transaction of $76,000.00. Following the acquisition, the director owned 379,605 shares of the company’s stock, valued at approximately $576,999.60. This trade represents a 15.17% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Venu Stock Down 7.0%

Shares of NYSEAMERICAN VENU traded down $0.10 on Thursday, reaching $1.32. 726,937 shares of the company’s stock traded hands, compared to its average volume of 431,054. The business’s 50 day simple moving average is $1.89 and its two-hundred day simple moving average is $2.83. Venu Holding Corporation has a 12 month low of $1.31 and a 12 month high of $13.96. The company has a market cap of $74.20 million, a price-to-earnings ratio of -1.42 and a beta of 3.20. The company has a quick ratio of 0.24, a current ratio of 0.25 and a debt-to-equity ratio of 0.41.

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

Institutional Investors Weigh In On Venu

Hedge funds have recently added to or reduced their stakes in the stock. CFO4Life Group LLC purchased a new stake in shares of Venu in the second quarter worth $45,000. AXQ Capital LP purchased a new position in shares of Venu in the 2nd quarter worth about $56,000. Keel Point LLC purchased a new position in shares of Venu in the 1st quarter worth about $62,000. Pallas Capital Advisors LLC bought a new position in Venu in the 2nd quarter worth about $65,000. Finally, J. Derek Lewis & Associates Inc. bought a new position in Venu in the 4th quarter worth about $93,000.

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.