Key Points
- CEO James Silk purchased 9,434 Beneficient shares at an average price of $1.06, investing approximately $10,000 and increasing his holdings by 0.86% to 1,110,930 shares.
- Beneficient reported quarterly revenue of $15.93 million and an adjusted loss of $0.47 per share, beating analyst expectations for revenue and EPS.
- The stock opened at $0.63 and remains near its 52-week low of $0.57; analysts maintain a consensus “Sell” rating, while the company has a market capitalization of roughly $9.13 million.
Beneficient (NASDAQ:BENF - Get Free Report) CEO James Silk acquired 9,434 shares of the business's stock in a transaction on Tuesday, September 15th. The stock was acquired at an average price of $1.06 per share, for a total transaction of $10,000.04. Following the acquisition, the chief executive officer owned 1,110,930 shares of the company's stock, valued at approximately $1,177,585.80. This trade represents a 0.86% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Beneficient Stock Performance
BENF stock opened at $0.63 on Friday. The firm has a 50 day moving average price of $2.49 and a 200-day moving average price of $3.17. 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 price-to-earnings ratio of -0.09 and a beta of -0.04.
Beneficient (NASDAQ:BENF - Get Free Report) last posted its quarterly earnings results on Friday, August 14th. The company reported ($0.47) earnings per share for the quarter, topping the consensus estimate of ($2.06) by $1.59. The company had revenue of $15.93 million during the quarter, compared to analysts' expectations of $10.16 million. As a group, sell-side analysts forecast that Beneficient will post -9.5 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings restated a "sell (e+)" rating on shares of Beneficient in a report on Wednesday, June 24th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Sell".
View Our Latest Analysis on Beneficient
Beneficient Company Profile
(
Get Free Report)
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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