Venu (NYSEAMERICAN:VENU) Shares Down 3.4% – Time to Sell?

Venu Holding Corporation (NYSEAMERICAN:VENU) shares traded down 3.4% during mid-day trading on Monday. The stock traded as low as $1.4150 and last traded at $1.43. Approximately 352,088 shares changed hands during trading, a decline of 22% from the average session volume of 449,224 shares. The stock had previously closed at $1.48.

Venu Stock Performance

The stock has a market capitalization of $79.93 million, a price-to-earnings ratio of -1.53 and a beta of 3.20. 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 stock has a 50-day moving average of $1.91 and a 200 day moving average of $2.84.

Venu (NYSEAMERICAN:VENU) last released its earnings results on Thursday, August 13th. The company reported ($0.30) earnings per share (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 business had revenue of $4.80 million for the quarter, compared to analyst estimates of $4.80 million.

Insider Buying and Selling

In other Venu news, Director Thomas M. Finke bought 54,644 shares of the stock in a transaction on Tuesday, August 25th. The stock was purchased at an average price of $1.95 per share, with a total value of $106,555.80. Following the acquisition, the director owned 129,605 shares of the company’s stock, valued at approximately $252,729.75. The trade was a 72.90% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders have acquired 72,497 shares of company stock worth $145,317. 27.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. J. Derek Lewis & Associates Inc. acquired a new stake in shares of Venu during the fourth quarter worth $93,000. Keel Point LLC acquired a new position in Venu in the first quarter valued at about $62,000. CFO4Life Group LLC bought a new position in Venu during the second quarter worth about $45,000. Altus Wealth Group LLC boosted its holdings in Venu by 28.6% during the first quarter. Altus Wealth Group LLC now owns 90,000 shares of the company’s stock worth $298,000 after buying an additional 20,000 shares during the last quarter. Finally, AXQ Capital LP bought a new position in Venu during the second quarter worth about $56,000.

About Venu

Venu Holding Corporation is a live entertainment and venue development company focused on creating, owning and operating premium music and entertainment destinations. The company develops open-air concert venues and related hospitality facilities designed to host concerts, festivals and other large-scale events.

Venu’s activities include venue development, concert promotion, event production and hospitality services. Its properties are intended to combine live performances with amenities such as premium seating, food and beverage offerings, lodging, camping and other on-site experiences.

The company’s operations are focused on the United States.