Beneficient (NASDAQ:BENF) CEO James Silk Buys 9,434 Shares of Stock

Beneficient (NASDAQ:BENF) CEO James Silk purchased 9,434 shares of the firm’s stock in a transaction that occurred on Tuesday, September 15th. The shares were bought at an average cost of $1.06 per share, for a total transaction of $10,000.04. Following the completion of the acquisition, the chief executive officer directly owned 1,110,930 shares in the company, valued at $1,177,585.80. The trade was a 0.86% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Beneficient Price Performance

BENF stock traded down $0.19 during trading on Thursday, reaching $0.63. 3,967,544 shares of the company were exchanged, compared to its average volume of 1,285,400. The company has a market capitalization of $9.13 million, a price-to-earnings ratio of -0.09 and a beta of -0.04. The company has a 50-day moving average of $2.54 and a two-hundred day moving average of $3.20. Beneficient has a twelve month low of $0.57 and a twelve month high of $12.48.

Beneficient (NASDAQ:BENF) last issued its earnings results on Friday, August 14th. The company reported ($0.47) earnings per share for the quarter, beating analysts’ consensus estimates of ($2.06) by $1.59. The company had revenue of $15.93 million during the quarter, compared to analyst estimates of $10.16 million. On average, analysts forecast that Beneficient will post -9.5 EPS for the current year.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued 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, Beneficient has a consensus rating of “Sell”.

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.