Venu (NYSEAMERICAN:VENU) CEO Jay Roth Buys 7,850 Shares

Venu Holding Corporation (NYSEAMERICAN:VENU) CEO Jay Roth purchased 7,850 shares of the stock in a transaction that occurred on Thursday, July 9th. The shares were acquired at an average cost of $2.54 per share, with a total value of $19,939.00. Following the completion of the transaction, the chief executive officer owned 9,263,114 shares in the company, valued at $23,528,309.56. This trade represents a 0.08% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Venu Stock Performance

VENU remained flat at $2.66 during midday trading on Friday. 537,569 shares of the company’s stock were exchanged, compared to its average volume of 1,039,748. The company has a market capitalization of $158.11 million, a price-to-earnings ratio of -2.86 and a beta of 3.22. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.90 and a quick ratio of 0.90. Venu Holding Corporation has a twelve month low of $2.09 and a twelve month high of $18.17. The company’s 50-day simple moving average is $3.26 and its 200-day simple moving average is $4.79.

Venu (NYSEAMERICAN:VENU) last released its earnings results on Friday, May 15th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($0.05). The business had revenue of $3.90 million for the quarter, compared to analysts’ expectations of $3.75 million. Venu had a negative net margin of 217.24% and a negative return on equity of 19.66%.

Institutional Investors Weigh In On Venu

A number of institutional investors have recently modified their holdings of the stock. Anson Funds Management LP purchased a new position in shares of Venu in the 1st quarter worth about $18,233,000. Citadel Advisors LLC bought a new stake in Venu during the 3rd quarter valued at about $8,878,000. Vanguard Group Inc. raised its holdings in Venu by 56.9% in the third quarter. Vanguard Group Inc. now owns 1,351,910 shares of the company’s stock worth $17,318,000 after buying an additional 489,999 shares during the last quarter. First Western Trust Bank lifted its stake in shares of Venu by 62.5% in the third quarter. First Western Trust Bank now owns 650,120 shares of the company’s stock worth $8,328,000 after buying an additional 250,000 shares in the last quarter. Finally, Fort Point Capital Partners LLC lifted its stake in shares of Venu by 248.1% in the fourth quarter. Fort Point Capital Partners LLC now owns 245,103 shares of the company’s stock worth $2,145,000 after buying an additional 174,684 shares in the last quarter.

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.