Beneficient (NASDAQ:BENF) CEO James Silk Buys 9,434 Shares of Stock

Beneficient (NASDAQ:BENF) CEO James Silk acquired 9,434 shares of the stock in a transaction on Tuesday, September 15th. The stock was bought at an average price of $1.06 per share, with a total value of $10,000.04. Following the transaction, the chief executive officer directly owned 1,110,930 shares of the company’s stock, valued at approximately $1,177,585.80. The trade was a 0.86% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Beneficient Stock Performance

Shares of Beneficient stock opened at $0.63 on Friday. Beneficient has a 52-week low of $0.57 and a 52-week high of $12.48. The company’s 50 day moving average price is $2.49 and its 200-day moving average price is $3.17. The stock 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) last posted its quarterly earnings results on Friday, August 14th. The company reported ($0.47) EPS for the quarter, beating analysts’ consensus estimates of ($2.06) by $1.59. The firm had revenue of $15.93 million for the quarter, compared to the consensus estimate of $10.16 million. As a group, equities research analysts forecast that Beneficient will post -9.5 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Beneficient in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

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.