Empery Asset Management LP Invests $1.16 Billion in Venu Holding Corporation $VENU

Empery Asset Management LP acquired a new stake in Venu Holding Corporation (NYSEAMERICAN:VENU) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 512,818 shares of the company’s stock, valued at approximately $1,164,097,000. Venu makes up about 1.3% of Empery Asset Management LP’s portfolio, making the stock its 12th largest position. Empery Asset Management LP owned approximately 0.87% of Venu at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in VENU. Raymond James Financial Inc. acquired a new stake in Venu in the second quarter worth approximately $33,000. Vanguard Group Inc. boosted its stake in Venu by 56.9% during the 3rd quarter. Vanguard Group Inc. now owns 1,351,910 shares of the company’s stock valued at $17,318,000 after purchasing an additional 489,999 shares in the last quarter. Bank of America Corp DE bought a new position in Venu during the 3rd quarter valued at $77,000. Citadel Advisors LLC acquired a new position in shares of Venu during the 3rd quarter valued at $8,878,000. Finally, Prelude Capital Management LLC acquired a new position in shares of Venu during the 3rd quarter valued at $444,000.

Insiders Place Their Bets

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

Venu Stock Down 1.6%

VENU opened at $1.89 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.24 and a current ratio of 0.25. The company has a market capitalization of $111.26 million, a PE ratio of -2.03 and a beta of 3.22. The stock’s fifty day moving average is $2.38 and its 200-day moving average is $3.50. Venu Holding Corporation has a one year low of $1.75 and a one year high of $18.17.

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

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.