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

Beneficient (NASDAQ:BENF) shares 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 Trading Down 17.0 %

The business has a 50-day moving average price of $0.13 and a 200-day moving average price of $0.45.

Beneficient (NASDAQ:BENF) last posted its quarterly earnings results on Tuesday, February 13th. The company reported ($156.00) earnings per share for the quarter. The company 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 firm’s stock in a transaction dated Tuesday, February 20th. The stock was bought at an average price of $20.80 per share, for a total transaction of $52,000.00. Following the purchase, the director now owns 2,500 shares in the company, valued at approximately $52,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 8.36% of the stock is currently owned by corporate insiders.

Institutional Trading of Beneficient

Several large investors have recently made changes to their positions in BENF. Vanguard Group Inc. bought a new stake in shares of Beneficient during the 3rd quarter worth about $1,416,000. Northern Trust Corp acquired a new position in shares of Beneficient during the 3rd quarter worth about $295,000. Newbridge Financial Services Group Inc. acquired a new position in shares of Beneficient during the 3rd quarter worth about $249,000. Stifel Financial Corp acquired a new position in shares of Beneficient during the 4th quarter worth about $43,000. Finally, Charles Schwab Investment Management Inc. acquired a new position in shares of Beneficient during the 3rd quarter worth about $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.