Gibraltar Capital Management Inc. Invests $948,000 in Venu Holding Corporation $VENU

Gibraltar Capital Management Inc. bought a new position in shares of Venu Holding Corporation (NYSEAMERICAN:VENU) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 74,000 shares of the company’s stock, valued at approximately $948,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of VENU. Raymond James Financial Inc. purchased a new position in Venu in the second quarter valued at approximately $33,000. Exchange Traded Concepts LLC acquired a new position in shares of Venu during the third quarter worth about $190,000. North Capital Inc. boosted its holdings in Venu by 23.7% in the 2nd quarter. North Capital Inc. now owns 15,031 shares of the company’s stock worth $177,000 after acquiring an additional 2,879 shares during the period. Altus Wealth Group LLC purchased a new position in shares of Venu in the second quarter valued at $236,000. Finally, Pallas Capital Advisors LLC grew its holdings in Venu by 95.2% during the 2nd quarter. Pallas Capital Advisors LLC now owns 40,666 shares of the company’s stock valued at $479,000 after purchasing an additional 19,833 shares in the last quarter.

Venu Stock Performance

Shares of VENU stock opened at $9.21 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.02 and a quick ratio of 2.02. The company’s fifty day moving average price is $9.31 and its two-hundred day moving average price is $11.94. The firm has a market capitalization of $394.65 million, a P/E ratio of -7.61 and a beta of 3.40. Venu Holding Corporation has a 12 month low of $7.05 and a 12 month high of $18.17.

Venu (NYSEAMERICAN:VENU) last announced its earnings results on Friday, November 14th. The company reported ($0.15) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.06. The business had revenue of $5.38 million for the quarter, compared to analyst estimates of $7.43 million. Venu had a negative return on equity of 26.71% and a negative net margin of 238.68%.

Insider Activity

In other Venu news, Director Thomas M. Finke bought 4,361 shares of Venu stock in a transaction dated Tuesday, December 30th. The stock was bought at an average cost of $7.80 per share, for a total transaction of $34,015.80. Following the purchase, the director owned 29,961 shares in the company, valued at $233,695.80. This represents a 17.04% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Over the last quarter, insiders purchased 5,246 shares of company stock valued at $41,229. Corporate insiders own 34.20% of the company’s stock.

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.