Beneficient (NASDAQ:BENF) Shares Gap Down to $2.90

Shares of Beneficient (NASDAQ:BENF) gapped down before the market opened on Monday . The stock had previously closed at $2.90, but opened at $2.83. Beneficient shares last traded at $2.86, with a volume of 4,732 shares trading hands.

Beneficient Stock Performance

The firm’s 50 day moving average is $2.39.

Institutional Trading of Beneficient

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Rivernorth Capital Management LLC bought a new stake in Beneficient during the 2nd quarter worth approximately $8,022,000. Citadel Advisors LLC purchased a new position in Beneficient in the 2nd quarter worth $35,000. Tower Research Capital LLC TRC purchased a new position in Beneficient in the 2nd quarter worth $55,000. State Street Corp purchased a new position in Beneficient in the 2nd quarter worth $83,000. Finally, Hatteras Investment Partners LP purchased a new position in Beneficient in the 2nd quarter worth $148,288,000.

Beneficient Company Profile

Beneficient, a technology-enabled financial service company, provides liquidity solutions and related trust, custody and administrative services to participants in the alternative asset industry. The company operates through Ben Liquidity, Ben Custody, and Customer ExAlt Trusts segments. It offers AltAccess platform for secure, online, and end-to-end delivery of each of the Ben business unit products and services, including upload documents, and work through tasks and complete their transactions with standardized transaction agreements.