Beneficient (NASDAQ:BENF) Issues Quarterly Earnings Results, Beats Estimates By $1.59 EPS

Beneficient (NASDAQ:BENF) announced its earnings results on Friday. The company reported ($0.47) earnings per share (EPS) for the quarter, beating the consensus estimate of ($2.06) by $1.59, FiscalAI reports. The business had revenue of $15.93 million for the quarter, compared to analyst estimates of $10.16 million.

Beneficient Trading Down 2.8%

Shares of NASDAQ BENF traded down $0.07 during midday trading on Friday, reaching $2.40. The company had a trading volume of 94,790 shares, compared to its average volume of 289,419. The business’s 50-day simple moving average is $3.32 and its 200 day simple moving average is $3.60. The stock has a market cap of $34.85 million and a P/E ratio of -0.04. Beneficient has a 1 year low of $2.16 and a 1 year high of $12.48.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Beneficient

A hedge fund recently bought a new stake in Beneficient stock. Jane Street Group LLC bought a new position in Beneficient (NASDAQ:BENF) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 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 reporting period. 90.57% of the stock is currently owned by institutional investors and hedge funds.

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.