Beneficient (NASDAQ:BENF) Short Interest Update

Beneficient (NASDAQ:BENF) was the recipient of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 134,700 shares, a growth of 24.8% from the October 15th total of 107,900 shares. Approximately 3.8% of the shares of the company are short sold. Based on an average daily trading volume, of 3,820,000 shares, the short-interest ratio is presently 0.0 days.

Beneficient Price Performance

NASDAQ:BENF opened at $1.20 on Friday. The stock has a fifty day moving average of $1.33 and a 200 day moving average of $2.51. Beneficient has a 52-week low of $1.11 and a 52-week high of $51.14.

Beneficient (NASDAQ:BENF) last issued its quarterly earnings data on Wednesday, August 14th. The company reported $0.17 EPS for the quarter. The business had revenue of $10.05 million for the quarter. Equities analysts predict that Beneficient will post -1.72 earnings per share for the current fiscal year.

Insider Activity

In related news, major shareholder Gwg Wind Down Trust sold 14,722 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $2.36, for a total value of $34,743.92. Following the sale, the insider now directly owns 1,683,538 shares in the company, valued at approximately $3,973,149.68. The trade was a 0.87 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Peter T. Cangany, Jr. bought 30,000 shares of the business’s stock in a transaction on Tuesday, August 27th. The stock was bought at an average price of $1.97 per share, with a total value of $59,100.00. Following the purchase, the director now owns 125,000 shares in the company, valued at $246,250. This trade represents a 31.58 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 796,387 shares of company stock valued at $1,977,919 in the last 90 days. Insiders own 13.69% of the company’s stock.

Institutional Trading of Beneficient

An institutional investor recently raised its position in Beneficient stock. Stifel Financial Corp grew its position in shares of Beneficient (NASDAQ:BENF) by 138.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,300 shares of the company’s stock after purchasing an additional 14,100 shares during the period. Stifel Financial Corp owned about 0.57% of Beneficient worth $30,000 at the end of the most recent reporting period. Hedge funds and other institutional investors 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.