Gwg Wind Down Trust Sells 479,511 Shares of Beneficient (NASDAQ:BENF) Stock

Beneficient (NASDAQ:BENF) major shareholder Gwg Wind Down Trust sold 479,511 shares of the company’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $2.93, for a total transaction of $1,404,967.23. Following the completion of the transaction, the insider now directly owns 643,178 shares of the company’s stock, valued at $1,884,511.54. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Gwg Wind Down Trust also recently made the following trade(s):

• On Monday, September 9th, Gwg Wind Down Trust sold 106,703 shares of Beneficient stock. The shares were sold at an average price of $1.75, for a total value of $186,730.25.
• On Tuesday, August 27th, Gwg Wind Down Trust sold 2,167 shares of Beneficient stock. The stock was sold at an average price of $2.00, for a total value of $4,334.00.
• On Wednesday, August 21st, Gwg Wind Down Trust sold 685 shares of Beneficient stock. The shares were sold at an average price of $2.36, for a total value of $1,616.60.
• On Monday, August 19th, Gwg Wind Down Trust sold 14,722 shares of Beneficient stock. The stock was sold at an average price of $2.36, for a total transaction of $34,743.92.
• On Thursday, August 15th, Gwg Wind Down Trust sold 31,060 shares of Beneficient stock. The stock was sold at an average price of $2.38, for a total transaction of $73,922.80.
• On Tuesday, August 13th, Gwg Wind Down Trust sold 26,470 shares of Beneficient stock. The stock was sold at an average price of $2.40, for a total transaction of $63,528.00.

Beneficient Trading Down 11.7 %

Shares of BENF stock opened at $1.58 on Wednesday. The firm’s fifty day moving average price is $2.78 and its two-hundred day moving average price is $4.13. Beneficient has a 1 year low of $1.38 and a 1 year high of $260.80.

Beneficient (NASDAQ:BENF) last released its earnings results on Wednesday, August 14th. The company reported $0.17 earnings per share (EPS) for the quarter. The company had revenue of $10.05 million during the quarter. On average, equities research analysts predict that Beneficient will post -1.72 earnings per share for the current fiscal year.

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.