Beneficient (NASDAQ:BENF) Posts Quarterly Earnings Results, Beats Estimates By $1.59 EPS

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

Beneficient Stock Performance

Beneficient stock opened at $2.40 on Friday. The stock has a 50-day simple moving average of $3.30 and a 200 day simple moving average of $3.59. The stock has a market capitalization of $34.85 million and a P/E ratio of -0.34. Beneficient has a 52 week low of $2.16 and a 52 week high of $12.48.

Analyst Ratings Changes

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

Institutional Trading of Beneficient

A hedge fund recently bought a new stake in Beneficient stock. Jane Street Group LLC bought a new position in shares of Beneficient (NASDAQ:BENF) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 18,922 shares of the company’s stock, valued at approximately $133,000. Jane Street Group LLC owned about 0.14% of Beneficient at the end of the most recent quarter. 90.57% of the stock is currently owned by hedge funds and other institutional investors.

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.