Insider Buying: Beneficient (NASDAQ:BENF) Director Buys 18,868 Shares

Beneficient (NASDAQ:BENF) Director Peter Cangany, Jr. purchased 18,868 shares of Beneficient stock in a transaction dated Tuesday, September 15th. The stock was acquired at an average price of $1.06 per share, for a total transaction of $20,000.08. Following the completion of the acquisition, the director owned 98,529 shares of the company’s stock, valued at approximately $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 Down 23.2%

BENF traded down $0.19 during trading hours on Thursday, reaching $0.63. 3,967,544 shares of the company’s stock traded hands, compared to its average volume of 1,285,400. The firm has a 50-day moving average price of $2.54 and a 200 day moving average price of $3.20. Beneficient has a 52-week low of $0.57 and a 52-week high of $12.48. The firm has a market capitalization of $9.13 million, a PE ratio of -0.09 and a beta of -0.04.

Beneficient (NASDAQ:BENF) last released its earnings results on Friday, August 14th. The company reported ($0.47) earnings per share for the quarter, topping analysts’ consensus estimates of ($2.06) by $1.59. The business had revenue of $15.93 million during the quarter, compared to analysts’ expectations of $10.16 million. Equities analysts predict that Beneficient will post -9.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Beneficient in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

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.