Beneficient (NASDAQ:BENF) Shares Gap Up to $2.90

Beneficient (NASDAQ:BENF)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $2.90, but opened at $2.98. Beneficient shares last traded at $2.88, with a volume of 2,203 shares changing hands.

Beneficient Trading Up 1.7 %

The business has a 50-day moving average price of $2.39.

Hedge Funds Weigh In On Beneficient

A number of large investors have recently bought and sold shares of BENF. Citadel Advisors LLC bought a new stake in shares of Beneficient during the second quarter worth $35,000. Tower Research Capital LLC TRC bought a new stake in Beneficient during the 2nd quarter valued at about $55,000. State Street Corp purchased a new stake in Beneficient in the 2nd quarter valued at about $83,000. Rivernorth Capital Management LLC bought a new position in Beneficient in the 2nd quarter worth about $8,022,000. Finally, Hatteras Investment Partners LP purchased a new position in shares of Beneficient during the second quarter worth approximately $148,288,000.

About Beneficient

Beneficient, a technology-enabled financial service company, provides liquidity solutions and related trust, custody and administrative services to participants in the alternative asset industry. The company operates through Ben Liquidity, Ben Custody, and Customer ExAlt Trusts segments. It offers AltAccess platform for secure, online, and end-to-end delivery of each of the Ben business unit products and services, including upload documents, and work through tasks and complete their transactions with standardized transaction agreements.