Beneficient (NASDAQ:BENF) Stock Price Up 0.3% – Should You Buy?

Beneficient (NASDAQ:BENF)’s share price shot up 0.3% on Wednesday . The stock traded as high as $3.80 and last traded at $3.69. Approximately 17,442 shares traded hands during mid-day trading, an increase of 15% from the average daily volume of 15,217 shares. The stock had previously closed at $3.68.

Analyst Ratings Changes

Separately, Weiss Ratings restated 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 presently has a consensus rating of “Sell”.

Beneficient Price Performance

The firm’s fifty day moving average is $3.48 and its 200 day moving average is $4.16. The firm has a market capitalization of $51.74 million, a price-to-earnings ratio of -0.06 and a beta of -0.01.

Hedge Funds Weigh In On Beneficient

A hedge fund recently bought a new stake in Beneficient stock. Jane Street Group LLC acquired a new stake in shares of Beneficient (NASDAQ:BENF) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 18,922 shares of the company’s stock, valued at approximately $133,000. Jane Street Group LLC owned about 0.14% of Beneficient at the end of the most recent quarter. Institutional investors and hedge funds own 90.57% of the company’s stock.

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.