Beneficient (NASDAQ:BENF – Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $5.78, but opened at $4.62. Beneficient shares last traded at $4.48, with a volume of 48,412 shares trading hands.
Beneficient Stock Down 17.0 %
The stock has a 50 day simple moving average of $0.13 and a two-hundred day simple moving average of $0.45.
Beneficient (NASDAQ:BENF – Get Free Report) last issued its quarterly earnings data on Tuesday, February 13th. The company reported ($156.00) earnings per share for the quarter. The business had revenue of ($10.24) million during the quarter.
Insider Activity
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. acquired a new position in Beneficient during the third quarter worth $1,416,000. Northern Trust Corp acquired a new position in Beneficient during the third quarter worth $295,000. Newbridge Financial Services Group Inc. acquired a new position in Beneficient during the third quarter worth $249,000. Stifel Financial Corp acquired a new position in Beneficient during the fourth quarter worth $43,000. Finally, Charles Schwab Investment Management Inc. acquired a new position in Beneficient during the third quarter worth $98,000. Institutional investors and hedge funds own 90.57% of the company’s stock.
Beneficient Company Profile
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.
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