Venu (NYSEAMERICAN:VENU) Director Thomas Finke Buys 54,644 Shares

Venu Holding Corporation (NYSEAMERICAN:VENU) Director Thomas Finke purchased 54,644 shares of Venu stock in a transaction on Tuesday, August 25th. The stock was bought at an average cost of $1.95 per share, with a total value of $106,555.80. Following the completion of the acquisition, the director owned 129,605 shares in the company, valued at approximately $252,729.75. This trade represents a 72.90% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.

Venu Stock Performance

NYSEAMERICAN VENU opened at $2.00 on Friday. The company’s fifty day moving average is $2.32 and its two-hundred day moving average is $3.39. Venu Holding Corporation has a 52-week low of $1.75 and a 52-week high of $13.96. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.25 and a quick ratio of 0.24. The firm has a market capitalization of $112.42 million, a price-to-earnings ratio of -2.15 and a beta of 3.22.

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

Hedge Funds Weigh In On Venu

Several large investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in shares of Venu during the 2nd quarter worth approximately $33,000. CFO4Life Group LLC acquired a new position in shares of Venu in the second quarter valued at $45,000. AXQ Capital LP acquired a new position in shares of Venu in the second quarter valued at $56,000. Keel Point LLC bought a new position in Venu in the first quarter worth $62,000. Finally, Pallas Capital Advisors LLC bought a new position in Venu in the second quarter worth $65,000.

About Venu

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.