Beneficient (NASDAQ:BENF) Shares Gap Down to $5.78

Beneficient (NASDAQ:BENF)’s share price 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 traded.

Beneficient Price Performance

The stock has a fifty day moving average price of $9.33 and a 200 day moving average price of $34.43.

Beneficient (NASDAQ:BENF) last posted its quarterly earnings results on Tuesday, February 13th. The company reported ($156.00) EPS for the quarter. The firm had revenue of ($10.24) million during the quarter.

Insider Transactions at Beneficient

In related news, Director Peter T. Cangany, Jr. purchased 2,500 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was purchased at an average cost of $20.80 per share, with a total value of $52,000.00. Following the completion of the acquisition, the director now directly owns 2,500 shares of the company’s stock, valued at $52,000. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 8.36% of the company’s stock.

Institutional Investors Weigh In On Beneficient

Several large investors have recently added to or reduced their stakes in the business. Citadel Advisors LLC bought a new stake in Beneficient during the second quarter valued at $35,000. Tower Research Capital LLC TRC bought a new stake in Beneficient during the second quarter valued at $55,000. State Street Corp bought a new stake in Beneficient during the second quarter valued at $83,000. Bank of New York Mellon Corp bought a new stake in Beneficient during the third quarter valued at $98,000. Finally, Charles Schwab Investment Management Inc. bought a new stake in Beneficient during the third quarter valued at $98,000. Institutional investors 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.