Beneficient (NASDAQ:BENF) Issues Earnings Results

Beneficient (NASDAQ:BENF) issued its earnings results on Monday. The company reported ($3.72) earnings per share for the quarter, FiscalAI reports. The business had revenue of ($7.84) million during the quarter.

Beneficient Stock Performance

Shares of NASDAQ:BENF traded up $0.17 during midday trading on Monday, reaching $3.87. 29,827 shares of the company traded hands, compared to its average volume of 362,885. The firm’s fifty day moving average price is $3.44 and its two-hundred day moving average price is $4.26. Beneficient has a 12 month low of $2.16 and a 12 month high of $12.48.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Beneficient in a report on Wednesday. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Hedge Funds 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 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 18,922 shares of the company’s stock, valued at approximately $133,000. Jane Street Group LLC owned approximately 0.14% of Beneficient as of its most recent filing with the SEC. 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. 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.