Beneficient (NASDAQ:BENF) Trading Down 5.7% – Time to Sell?

Beneficient (NASDAQ:BENF)’s stock price fell 5.7% during mid-day trading on Monday . The stock traded as low as $3.31 and last traded at $3.45. 27,012 shares traded hands during trading, an increase of 3% from the average session volume of 26,172 shares. The stock had previously closed at $3.66.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on BENF. Weiss Ratings restated a “sell (e+)” rating on shares of Beneficient in a research note on Friday, March 27th. Wall Street Zen upgraded Beneficient from a “sell” rating to a “hold” rating in a report on Saturday, February 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Beneficient presently has a consensus rating of “Sell”.

Beneficient Trading Down 5.7%

The company’s 50-day simple moving average is $3.50 and its 200 day simple moving average is $4.49.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Beneficient stock. Geode Capital Management LLC lifted its stake in Beneficient (NASDAQ:BENF) by 154.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 154,257 shares of the company’s stock after acquiring an additional 93,709 shares during the period. Geode Capital Management LLC owned 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 and hedge funds.

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.