Insider Selling: Beneficient (NASDAQ:BENF) Major Shareholder Sells $1,404,967.23 in Stock

Beneficient (NASDAQ:BENF) major shareholder Gwg Wind Down Trust sold 479,511 shares of the stock in a transaction dated 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 sale, the insider now directly owns 643,178 shares in the company, valued at $1,884,511.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own at least 10% of a company’s stock 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 stock was sold at an average price of $1.75, for a total transaction of $186,730.25.
• On Tuesday, August 27th, Gwg Wind Down Trust sold 2,167 shares of Beneficient stock. The shares were sold at an average price of $2.00, for a total transaction of $4,334.00.
• On Wednesday, August 21st, Gwg Wind Down Trust sold 685 shares of Beneficient stock. The stock was sold at an average price of $2.36, for a total transaction of $1,616.60.
• On Monday, August 19th, Gwg Wind Down Trust sold 14,722 shares of Beneficient stock. The shares were sold at an average price of $2.36, for a total value 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 value of $73,922.80.
• On Tuesday, August 13th, Gwg Wind Down Trust sold 26,470 shares of Beneficient stock. The shares were sold at an average price of $2.40, for a total value of $63,528.00.

Beneficient Stock Performance

BENF stock opened at $1.50 on Thursday. Beneficient has a 1-year low of $1.38 and a 1-year high of $254.40. The company’s 50 day moving average is $2.77 and its 200 day moving average is $4.11.

Beneficient (NASDAQ:BENF) last posted its quarterly earnings data on Wednesday, August 14th. The company reported $0.17 earnings per share for the quarter. The company had revenue of $10.05 million for the quarter. Research analysts forecast 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.