Beneficient (BENF) to Release Earnings on Thursday

Beneficient (NASDAQ:BENF) will be issuing its quarterly earnings data after the market closes on Thursday, November 14th. Analysts expect the company to announce earnings of ($0.29) per share for the quarter.

Beneficient (NASDAQ:BENF) last issued its earnings results on Wednesday, August 14th. The company reported $0.17 EPS for the quarter. The company had revenue of $10.05 million during the quarter. On average, analysts expect Beneficient to post $-2 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Beneficient Trading Down 1.6 %

Shares of BENF stock opened at $1.23 on Tuesday. Beneficient has a twelve month low of $1.11 and a twelve month high of $68.00. The stock has a 50 day moving average of $1.35 and a 200 day moving average of $2.55.

Insider Activity

In related news, major shareholder Gwg Wind Down Trust sold 479,511 shares of the stock in a transaction on Friday, September 6th. The shares were sold at an average price of $2.93, for a total transaction of $1,404,967.23. Following the sale, the insider now directly owns 643,178 shares of the company’s stock, valued at approximately $1,884,511.54. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, major shareholder Gwg Wind Down Trust sold 479,511 shares of Beneficient stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $2.93, for a total value of $1,404,967.23. Following the completion of the transaction, the insider now owns 643,178 shares in the company, valued at $1,884,511.54. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Peter T. Cangany, Jr. purchased 30,000 shares of Beneficient stock in a transaction that occurred on Tuesday, August 27th. The stock was acquired at an average cost of $1.97 per share, with a total value of $59,100.00. Following the acquisition, the director now directly owns 125,000 shares in the company, valued at $246,250. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 827,447 shares of company stock valued at $2,051,842 in the last three months. 13.69% of the stock is currently owned by corporate insiders.

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.