Stifel Financial Corp boosted its holdings in shares of Beneficient (NASDAQ:BENF – Free Report) by 138.2% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 24,300 shares of the company’s stock after buying an additional 14,100 shares during the quarter. Stifel Financial Corp’s holdings in Beneficient were worth $30,000 as of its most recent filing with the Securities and Exchange Commission.
Insider Transactions at Beneficient
In other Beneficient news, major shareholder Gwg Wind Down Trust sold 188,292 shares of the firm’s stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $1.79, for a total transaction of $337,042.68. Following the sale, the insider now owns 348,183 shares in the company, valued at approximately $623,247.57. This trade represents a 35.10 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Peter T. Cangany, Jr. purchased 75,000 shares of the stock in a transaction on Tuesday, November 19th. The shares were purchased at an average cost of $0.93 per share, for a total transaction of $69,750.00. Following the acquisition, the director now directly owns 300,000 shares of the company’s stock, valued at approximately $279,000. This represents a 33.33 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 206,021 shares of company stock worth $351,333 in the last three months. Corporate insiders own 13.69% of the company’s stock.
Beneficient Trading Up 12.9 %
BENF opened at $0.79 on Tuesday. The firm’s 50 day simple moving average is $0.99 and its two-hundred day simple moving average is $1.83. Beneficient has a 1-year low of $0.60 and a 1-year high of $40.82.
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.
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Want to see what other hedge funds are holding BENF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Beneficient (NASDAQ:BENF – Free Report).
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