Peter Cangany, Jr. Purchases 18,868 Shares of Beneficient (NASDAQ:BENF) Stock

Beneficient (NASDAQ:BENF) Director Peter Cangany, Jr. bought 18,868 shares of the business’s stock in a transaction on Tuesday, September 15th. The shares were acquired at an average cost of $1.06 per share, for a total transaction of $20,000.08. Following the transaction, the director directly owned 98,529 shares in the company, valued at approximately $104,440.74. This trade represents a 23.69% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

Beneficient Stock Down 23.2%

Shares of NASDAQ BENF traded down $0.19 during midday trading on Thursday, reaching $0.63. 3,967,544 shares of the company’s stock traded hands, compared to its average volume of 1,285,400. The company has a market cap of $9.13 million, a price-to-earnings ratio of -0.09 and a beta of -0.04. The stock’s 50 day simple moving average is $2.54 and its 200-day simple moving average is $3.20. Beneficient has a one year low of $0.57 and a one year high of $12.48.

Beneficient (NASDAQ:BENF) last issued its quarterly earnings data on Friday, August 14th. The company reported ($0.47) EPS for the quarter, topping analysts’ consensus estimates of ($2.06) by $1.59. The business had revenue of $15.93 million during the quarter, compared to the consensus estimate of $10.16 million. Equities analysts predict that Beneficient will post -9.5 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Beneficient in a report on Wednesday, June 24th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently 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.