Jay Roth Acquires 7,850 Shares of Venu (NYSEAMERICAN:VENU) Stock

Venu Holding Corporation (NYSEAMERICAN:VENU) CEO Jay Roth acquired 7,850 shares of the stock in a transaction on Thursday, July 9th. The shares were purchased at an average price 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 of the company’s stock, valued at approximately $23,528,309.56. This represents a 0.08% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link.

Venu Stock Performance

NYSEAMERICAN VENU remained flat at $2.66 during trading on Friday. The company’s stock had a trading volume of 537,569 shares, compared to its average volume of 1,039,748. The firm’s fifty day moving average price is $3.26 and its 200 day moving average price is $4.79. The stock has a market capitalization of $158.11 million, a P/E ratio of -2.86 and a beta of 3.22. Venu Holding Corporation has a 12-month low of $2.09 and a 12-month high of $18.17. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.90 and a current ratio of 0.90.

Venu (NYSEAMERICAN:VENU) last released its quarterly 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 the consensus estimate of $3.75 million. Venu had a negative net margin of 217.24% and a negative return on equity of 19.66%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of VENU. Raymond James Financial Inc. purchased a new stake in shares of Venu during the 2nd quarter valued at $33,000. Bank of America Corp DE purchased a new stake in Venu during the third quarter worth about $77,000. Apollon Wealth Management LLC bought a new stake in Venu in the fourth quarter worth about $88,000. Balyasny Asset Management L.P. bought a new stake in Venu in the fourth quarter worth about $91,000. Finally, J. Derek Lewis & Associates Inc. purchased a new position in Venu in the fourth quarter valued at about $93,000.

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.