Peter Cangany, Jr. Buys 18,868 Shares of Beneficient (NASDAQ:BENF) Stock

Beneficient (NASDAQ:BENFGet Free Report) Director Peter Cangany, Jr. bought 18,868 shares of the stock in a transaction on Tuesday, September 15th. The stock was purchased at an average cost of $1.06 per share, for a total transaction of $20,000.08. Following the acquisition, the director owned 98,529 shares of the company’s stock, valued at $104,440.74. This trade represents a 23.69% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Beneficient Stock Performance

Shares of NASDAQ:BENF opened at $0.56 on Friday. The stock’s 50-day simple moving average is $2.43 and its two-hundred day simple moving average is $3.15. The stock has a market capitalization of $8.16 million, a price-to-earnings ratio of -0.08 and a beta of -0.04. Beneficient has a 52-week low of $0.54 and a 52-week high of $12.48.

Beneficient (NASDAQ:BENFGet Free Report) last released its quarterly earnings results on Friday, August 14th. The company reported ($0.47) EPS for the quarter, beating the consensus estimate of ($2.06) by $1.59. The business had revenue of $15.93 million for the quarter, compared to analysts’ expectations of $10.16 million. As a group, equities analysts forecast that Beneficient will post -9.5 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Get Our Latest Analysis on BENF

About Beneficient

(Get Free Report)

Beneficient is a financial services company that provides liquidity solutions for holders of alternative assets. Its platform is designed to help investors access cash from otherwise illiquid investments, including interests in private equity, private credit, venture capital, real estate and other privately held assets.

The company offers trust-based liquidity and wealth-management solutions intended to simplify the process of monetizing alternative investments. Beneficient also provides related administrative, custody and fiduciary services through its technology-enabled platform, serving individual investors, trusts and other eligible asset holders.

Beneficient is headquartered in Dallas, Texas.

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