Stifel Financial Corp Grows Stake in Beneficient (NASDAQ:BENF)

Stifel Financial Corp increased its position in Beneficient (NASDAQ:BENF) by 138.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,300 shares of the company’s stock after purchasing an additional 14,100 shares during the period. Stifel Financial Corp owned approximately 0.57% of Beneficient worth $30,000 at the end of the most recent reporting period.

Beneficient Stock Performance

NASDAQ:BENF opened at $0.79 on Tuesday. Beneficient has a fifty-two week low of $0.60 and a fifty-two week high of $40.82. The firm has a 50-day simple moving average of $0.99 and a two-hundred day simple moving average of $1.83.

Insider Buying and Selling at Beneficient

In related news, Director Peter T. Cangany, Jr. bought 75,000 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was acquired at an average cost of $0.93 per share, for a total transaction of $69,750.00. Following the purchase, the director now owns 300,000 shares in the company, valued at approximately $279,000. This represents a 33.33 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Gwg Wind Down Trust sold 188,292 shares of the stock in a transaction on Friday, October 4th. The shares were sold at an average price of $1.79, for a total value of $337,042.68. Following the transaction, the insider now directly owns 348,183 shares in the company, valued at $623,247.57. The trade was a 35.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 206,021 shares of company stock worth $351,333. Insiders own 13.69% of the company’s stock.

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.