Key Points
- Director Thomas Finke purchased 54,644 Venu shares at an average price of $1.95, investing $106,555.80 and increasing his direct ownership by 72.9% to 129,605 shares.
- Venu stock opened at $2.00, up 0.5%, but remains well below its 52-week high of $13.96; the company has a market capitalization of approximately $112.4 million.
- Venu’s latest quarter showed a loss of $0.30 per share, slightly worse than estimates, while revenue matched expectations at $4.8 million. Several institutional investors also established new positions in the company.
Venu Holding Corporation (NYSEAMERICAN:VENU - Get Free Report) Director Thomas Finke acquired 54,644 shares of the firm's stock in a transaction on Tuesday, August 25th. The shares were bought at an average cost of $1.95 per share, for a total transaction of $106,555.80. Following the completion of the acquisition, the director directly owned 129,605 shares of the company's stock, valued at approximately $252,729.75. This represents a 72.90% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Venu Trading Up 0.5%
VENU stock opened at $2.00 on Friday. Venu Holding Corporation has a 1-year low of $1.75 and a 1-year high of $13.96. The company has a current ratio of 0.25, a quick ratio of 0.24 and a debt-to-equity ratio of 0.41. The business's 50 day moving average is $2.32 and its 200-day moving average is $3.39. The firm has a market cap of $112.42 million, a P/E ratio of -2.15 and a beta of 3.22.
Venu (NYSEAMERICAN:VENU - Get Free Report) last posted 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 company had revenue of $4.80 million for 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
Institutional investors and hedge funds have recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in shares of Venu in the 2nd quarter valued at $33,000. CFO4Life Group LLC acquired a new stake in shares of Venu during the 2nd quarter worth about $45,000. AXQ Capital LP bought a new position in Venu during the 2nd quarter valued at about $56,000. Keel Point LLC bought a new position in Venu during the 1st quarter valued at about $62,000. Finally, Pallas Capital Advisors LLC bought a new position in Venu during the 2nd quarter valued at about $65,000.
About Venu
(
Get Free Report)
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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