Beneficient (NASDAQ:BENF) Sees Significant Growth in Short Interest

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. Currently, 3.8% of the company’s stock are sold short. Based on an average daily volume of 3,820,000 shares, the short-interest ratio is presently 0.0 days.

Insider Transactions at Beneficient

In related news, major shareholder Gwg Wind Down Trust sold 14,722 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $2.36, for a total value of $34,743.92. Following the transaction, the insider now owns 1,683,538 shares of the company’s stock, valued at approximately $3,973,149.68. This trade represents a 0.87 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Peter T. Cangany, Jr. acquired 30,000 shares of the firm’s stock in a transaction on Tuesday, August 27th. The shares were bought at an average cost of $1.97 per share, with a total value of $59,100.00. Following the completion of the acquisition, the director now directly owns 125,000 shares in the company, valued at approximately $246,250. This represents a 31.58 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold 796,387 shares of company stock valued at $1,977,919 in the last 90 days. 13.69% of the stock is currently owned by corporate insiders.

Institutional Trading of Beneficient

An institutional investor recently raised its position in Beneficient stock. Stifel Financial Corp boosted its stake in shares of Beneficient (NASDAQ:BENF) by 138.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 24,300 shares of the company’s stock after buying an additional 14,100 shares during the quarter. Stifel Financial Corp owned approximately 0.57% of Beneficient worth $30,000 as of its most recent SEC filing. 90.57% of the stock is owned by institutional investors and hedge funds.

Beneficient Stock Performance

Shares of NASDAQ:BENF opened at $1.20 on Friday. Beneficient has a 1-year low of $1.11 and a 1-year high of $51.14. The stock’s fifty day simple moving average is $1.33 and its two-hundred day simple moving average is $2.51.

Beneficient (NASDAQ:BENF) last issued its quarterly earnings data on Wednesday, August 14th. The company reported $0.17 earnings per share (EPS) for the quarter. The firm had revenue of $10.05 million during the quarter. As a group, research analysts expect that Beneficient will post -1.72 earnings per share for the current fiscal 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.