Beneficient (NASDAQ:BENF – Get Free Report) released its quarterly earnings results on Friday. The company reported ($0.47) earnings per share for the quarter, topping the consensus estimate of ($2.06) by $1.59, FiscalAI reports. The business had revenue of $15.93 million during the quarter, compared to the consensus estimate of $10.16 million.
Beneficient Stock Down 2.8%
Shares of NASDAQ BENF traded down $0.07 on Friday, hitting $2.40. The company had a trading volume of 95,820 shares, compared to its average volume of 14,227. Beneficient has a 12-month low of $2.16 and a 12-month high of $12.48. The firm has a market capitalization of $34.84 million and a P/E ratio of -0.04. The business has a 50 day moving average of $3.30 and a two-hundred day moving average of $3.59.
Institutional Investors Weigh In On Beneficient
An institutional investor recently bought a new position in Beneficient stock. Jane Street Group LLC acquired a new stake in shares of Beneficient (NASDAQ:BENF – Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 18,922 shares of the company’s stock, valued at approximately $133,000. Jane Street Group LLC owned 0.14% of Beneficient at the end of the most recent quarter. 90.57% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Read Our Latest Research Report on Beneficient
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.
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