Beneficient (NASDAQ:BENF) Posts Quarterly Earnings Results

Beneficient (NASDAQ:BENF) issued its quarterly earnings results on Tuesday. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.92) by $0.96, FiscalAI reports. The firm had revenue of ($25.39) million for the quarter.

Beneficient Stock Down 7.7%

BENF stock traded down $0.32 during mid-day trading on Tuesday, reaching $3.82. 281,475 shares of the company traded hands, compared to its average volume of 40,965. The company has a fifty day moving average price of $5.48 and a 200-day moving average price of $4.61. Beneficient has a 52-week low of $1.75 and a 52-week high of $12.48.

Institutional Trading of Beneficient

A hedge fund recently bought a new stake in Beneficient stock. Jane Street Group LLC bought a new position in Beneficient (NASDAQ:BENF) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 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 reporting period. 90.57% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BENF has been the topic of a number of research reports. Weiss Ratings restated a “sell (e+)” rating on shares of Beneficient in a research note on Monday, December 29th. Wall Street Zen upgraded shares of Beneficient to a “sell” rating in a research note on Saturday, November 1st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

About Beneficient

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.