Beneficient (NASDAQ:BENF) Shares Gap Down to $2.14

Beneficient (NASDAQ:BENF) gapped down prior to trading on Monday . The stock had previously closed at $2.14, but opened at $2.09. Beneficient shares last traded at $2.10, with a volume of 10,879 shares changing hands.

Beneficient Stock Performance

The stock’s fifty day moving average price is $2.46.

Institutional Trading of Beneficient

A number of institutional investors have recently bought and sold shares of the business. Citadel Advisors LLC bought a new stake in Beneficient in the 2nd quarter valued at about $35,000. Tower Research Capital LLC TRC bought a new stake in Beneficient in the 2nd quarter valued at about $55,000. State Street Corp bought a new stake in Beneficient in the 2nd quarter valued at about $83,000. Rivernorth Capital Management LLC bought a new stake in Beneficient in the 2nd quarter valued at about $8,022,000. Finally, Hatteras Investment Partners LP bought a new stake in Beneficient in the 2nd quarter valued at about $148,288,000.

About Beneficient

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.