Beneficient (NASDAQ:BENF) Stock Price Up 0.3% – What’s Next?

Beneficient (NASDAQ:BENF)’s share price was up 0.3% on Wednesday . The company traded as high as $3.80 and last traded at $3.69. Approximately 17,442 shares traded hands during mid-day trading, an increase of 15% from the average daily volume of 15,217 shares. The stock had previously closed at $3.68.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Beneficient in a report on Wednesday, June 24th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Beneficient has an average rating of “Sell”.

Beneficient Trading Up 0.3%

The company has a market cap of $52.43 million, a price-to-earnings ratio of -0.06 and a beta of -0.01. The business’s 50 day moving average price is $3.47 and its 200-day moving average price is $4.17.

Hedge Funds Weigh In On Beneficient

An institutional investor recently raised its position in Beneficient stock. Geode Capital Management LLC boosted its stake in Beneficient (NASDAQ:BENF) by 154.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 154,257 shares of the company’s stock after purchasing an additional 93,709 shares during the quarter. Geode Capital Management LLC owned about 1.11% of Beneficient worth $1,084,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 90.57% of the company’s stock.

Beneficient Company Profile

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. The company offers Ben 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.