Beneficient (NASDAQ:BENF) Shares Up 1.5% – Time to Buy?

Shares of Beneficient (NASDAQ:BENF) traded up 1.5% on Tuesday . The company traded as high as $3.49 and last traded at $3.44. 13,263 shares traded hands during trading, a decline of 35% from the average session volume of 20,499 shares. The stock had previously closed at $3.39.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Weiss Ratings reissued a “sell (e+)” rating on shares of Beneficient in a research report on Friday, March 27th. Wall Street Zen raised Beneficient from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Beneficient Stock Performance

The business has a 50-day moving average of $3.46 and a two-hundred day moving average of $4.37.

Institutional Investors Weigh In On Beneficient

An institutional investor recently bought a new position in Beneficient stock. Jane Street Group LLC acquired a new stake in shares of Beneficient (NASDAQ:BENF) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 18,922 shares of the company’s stock, valued at approximately $133,000. Jane Street Group LLC owned approximately 0.14% of Beneficient at the end of the most recent quarter. 90.57% of the stock is owned by institutional investors and hedge funds.

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.