Beneficient (NASDAQ:BENF) Issues Quarterly Earnings Results

Beneficient (NASDAQ:BENF) announced its earnings results on Friday. The company reported ($0.47) earnings per share (EPS) for the quarter, topping the consensus estimate of ($2.06) by $1.59, FiscalAI reports. The business had revenue of $15.93 million for the quarter, compared to analyst estimates of $10.16 million.

Beneficient Trading Down 2.8%

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 289,510. The company’s fifty day moving average price is $3.32 and its 200 day moving average price is $3.60. Beneficient has a 1 year low of $2.16 and a 1 year high of $12.48. The firm has a market cap of $34.85 million and a P/E ratio of -0.04.

Institutional Investors Weigh In On Beneficient

A hedge fund recently raised its position in Beneficient stock. Geode Capital Management LLC grew its stake in Beneficient (NASDAQ:BENF) by 154.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 154,257 shares of the company’s stock after acquiring an additional 93,709 shares during the period. Geode Capital Management LLC owned about 1.11% of Beneficient worth $1,084,000 as of its most recent filing with the SEC. 90.57% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Beneficient in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus 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.