Beneficient (NASDAQ:BENF) Trading 1.5% Higher – Time to Buy?

Beneficient (NASDAQ:BENFGet Free Report) shares traded up 1.5% on Tuesday . The stock traded as high as $3.49 and last traded at $3.44. 13,263 shares changed hands during mid-day trading, a decline of 35% from the average session volume of 20,499 shares. The stock had previously closed at $3.39.

Wall Street Analysts Forecast Growth

Several research firms recently commented on BENF. Weiss Ratings reissued a “sell (e+)” rating on shares of Beneficient in a research note on Friday, March 27th. Wall Street Zen upgraded shares of Beneficient from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

View Our Latest Stock Analysis on BENF

Beneficient Stock Up 0.9%

The business’s 50 day moving average price is $3.46 and its two-hundred day moving average price is $4.36.

Institutional Trading of Beneficient

An institutional investor recently bought a new position in Beneficient stock. Jane Street Group LLC bought a new position in shares of Beneficient (NASDAQ:BENFFree Report) during the fourth quarter, according to its most recent 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 0.14% of Beneficient at the end of the most recent reporting period. Hedge funds and other institutional investors own 90.57% of the company’s stock.

About Beneficient

(Get Free Report)

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.

Further Reading

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