59,554 Shares in Beneficient (NASDAQ:BENF) Bought by State Street Corp

State Street Corp acquired a new stake in shares of Beneficient (NASDAQ:BENF) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 59,554 shares of the company’s stock, valued at approximately $73,000.

Separately, Stifel Financial Corp raised its position in shares of Beneficient by 138.2% during the 3rd quarter. Stifel Financial Corp now owns 24,300 shares of the company’s stock worth $30,000 after purchasing an additional 14,100 shares during the last quarter. Hedge funds and other institutional investors own 90.57% of the company’s stock.

Beneficient Stock Up 0.6 %

Shares of Beneficient stock opened at $0.72 on Friday. Beneficient has a twelve month low of $0.60 and a twelve month high of $35.98. The firm’s 50-day moving average price is $0.94 and its 200 day moving average price is $1.78.

Insider Activity

In other news, Director Peter T. Cangany, Jr. purchased 75,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was purchased at an average cost of $0.93 per share, for a total transaction of $69,750.00. Following the completion of the transaction, the director now owns 300,000 shares of the company’s stock, valued at $279,000. This trade represents a 33.33 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have sold a total of 17,729 shares of company stock worth $14,290 over the last quarter. 13.69% of the stock is currently owned by corporate insiders.

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.