Beneficient (BENF) Projected to Release Earnings on Wednesday

Beneficient (NASDAQ:BENF) is expected to be announcing its resultson Wednesday, August 19th. Analysts expect the company to post earnings of ($2.06) per share and revenue of $10.16 million for the quarter.

Beneficient Stock Performance

BENF stock opened at $2.75 on Wednesday. The firm has a 50 day moving average price of $3.37 and a 200-day moving average price of $3.63. Beneficient has a 52-week low of $2.16 and a 52-week high of $12.48. The firm has a market capitalization of $39.93 million and a price-to-earnings ratio of -0.04.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Beneficient stock. Jane Street Group LLC acquired a new position in Beneficient (NASDAQ:BENF) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 18,922 shares of the company’s stock, valued at approximately $133,000. Jane Street Group LLC owned approximately 0.14% of Beneficient at the end of the most recent reporting period. Institutional investors own 90.57% of the company’s stock.

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.