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 stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $2.93, for a total value of $1,404,967.23. Following the sale, the insider now directly owns 643,178 shares of the company’s stock, valued at approximately $1,884,511.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own more than 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 shares were 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 5.1 %

Shares of NASDAQ BENF 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 announced its earnings results on Wednesday, August 14th. The company reported $0.17 earnings per share (EPS) for the quarter. The firm had revenue of $10.05 million during the quarter. On average, research analysts anticipate that Beneficient will post -1.72 EPS 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.