Beneficient (BENF) Scheduled to Post Quarterly Earnings on Thursday

Beneficient (NASDAQ:BENF) will post its quarterly earnings results after the market closes on Thursday, November 14th. Analysts expect Beneficient to post earnings of ($0.29) per share for the quarter.

Beneficient (NASDAQ:BENF) last issued its quarterly earnings data on Wednesday, August 14th. The company reported $0.17 earnings per share for the quarter. The company had revenue of $10.05 million for the quarter. On average, analysts expect Beneficient to post $-2 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Beneficient Stock Performance

NASDAQ:BENF opened at $1.23 on Tuesday. The company’s 50-day simple moving average is $1.35 and its 200-day simple moving average is $2.55. Beneficient has a fifty-two week low of $1.11 and a fifty-two week high of $68.00.

Insider Activity at Beneficient

In other news, major shareholder Gwg Wind Down Trust sold 106,703 shares of the business’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $1.75, for a total transaction of $186,730.25. Following the sale, the insider now owns 536,475 shares in the company, valued at approximately $938,831.25. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, major shareholder Gwg Wind Down Trust sold 106,703 shares of Beneficient stock in a transaction on Monday, September 9th. The shares were sold at an average price of $1.75, for a total transaction of $186,730.25. Following the completion of the sale, the insider now directly owns 536,475 shares in the company, valued at approximately $938,831.25. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Peter T. Cangany, Jr. bought 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The stock was purchased at an average cost of $1.97 per share, for a total transaction of $59,100.00. Following the completion of the transaction, the director now owns 125,000 shares in the company, valued at $246,250. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 827,447 shares of company stock valued at $2,051,842 in the last ninety days. Corporate insiders own 13.69% of the company’s stock.

About Beneficient

Beneficient, a technology-enabled financial services company, provides liquidity solutions and related trustee, custody and trust administrative services to participants in the alternative asset industry in the United States. It operates through Ben Liquidity, Ben Custody, and Customer ExAlt Trusts segments.