Beneficient (NASDAQ:BENF) Short Interest Update

Beneficient (NASDAQ:BENF) was the recipient of a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 134,700 shares, a growth of 24.8% from the October 15th total of 107,900 shares. Based on an average trading volume of 3,820,000 shares, the short-interest ratio is presently 0.0 days. Approximately 3.8% of the shares of the stock are short sold.

Insider Buying and Selling at Beneficient

In other news, Director Peter T. Cangany, Jr. bought 30,000 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were bought at an average cost of $1.97 per share, for a total transaction of $59,100.00. Following the completion of the acquisition, the director now owns 125,000 shares in the company, valued at approximately $246,250. This trade represents a 31.58 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Gwg Wind Down Trust sold 14,722 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $2.36, for a total transaction of $34,743.92. Following the sale, the insider now owns 1,683,538 shares in the company, valued at $3,973,149.68. This trade represents a 0.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 796,387 shares of company stock worth $1,977,919 over the last three months. Company insiders own 13.69% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Beneficient stock. Stifel Financial Corp raised its stake in shares of Beneficient (NASDAQ:BENF) by 138.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 24,300 shares of the company’s stock after purchasing an additional 14,100 shares during the period. Stifel Financial Corp owned 0.57% of Beneficient worth $30,000 at the end of the most recent quarter. 90.57% of the stock is owned by institutional investors.

Beneficient Stock Performance

BENF stock traded down $0.05 during trading hours on Friday, reaching $1.20. The stock had a trading volume of 89,037,885 shares, compared to its average volume of 2,015,796. The stock has a 50-day simple moving average of $1.33 and a 200 day simple moving average of $2.51. Beneficient has a fifty-two week low of $1.11 and a fifty-two week high of $51.14.

Beneficient (NASDAQ:BENF) last posted its earnings results on Wednesday, August 14th. The company reported $0.17 earnings per share for the quarter. The firm had revenue of $10.05 million for the quarter. As a group, equities analysts predict that Beneficient will post -1.72 EPS for the current year.

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.