Beneficient (BENF) to Announce Quarterly Earnings on Wednesday

Beneficient (NASDAQ:BENF) is expected to release its resultson Wednesday, August 19th. Analysts expect Beneficient to announce earnings of ($2.06) per share and revenue of $10.16 million for the quarter.

Beneficient Trading Down 1.8%

Shares of NASDAQ:BENF opened at $2.75 on Wednesday. The stock has a 50 day moving average of $3.37 and a 200 day moving average of $3.63. The company has a market cap of $39.93 million and a PE ratio of -0.04. Beneficient has a 12-month low of $2.16 and a 12-month high of $12.48.

Hedge Funds Weigh In On Beneficient

A hedge fund recently raised its stake in Beneficient stock. Geode Capital Management LLC increased its holdings in shares of Beneficient (NASDAQ:BENF) by 154.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 154,257 shares of the company’s stock after purchasing an additional 93,709 shares during the quarter. Geode Capital Management LLC owned approximately 1.11% of Beneficient worth $1,084,000 at the end of the most recent reporting period. 90.57% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

About Beneficient

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.