Streetbeat News

BENF

Beneficient

https://www.trustben.com

Industry

Asset Management

Beneficient, a technology-enabled financial service company, provides liquidity solutions to participants in the alternative asset industry. It operates AltAccess platform, which provides liquidity, custody, and investment analytics solutions, including AltLiquidity, an online tool that helps to find liquidity solutions for its alternative assets on a cybersecure platform; AltQuote, a quote tool for alternative assets; AltAccess, a secure platform for end-to-end alternative asset transactions; AltCustody to digitize and track its alternative assets; AltData, an investment analytics for its alternative asset data in one place; and AltTrading, a trading solution. The company serves mid-to-high net worth individual investors, small-to-midsize institutional investors, family offices, and fund general partners. The company is based in Dallas, Texas.

Open

1.77

Mkt cap

6.1M

Volume

89M

High

2.36

P/E Ratio

-0.01

52-wk high

51.12

Low

1.15

Div yield

N/A

52-wk low

1.11

U.S. stocks rose with the Dow gaining over 200 points as the U.S. economy added 254,000 jobs in September, surpassing expectations. Phoenix Motor, Forward Industries, and Beneficient saw significant stock price increases, while Color Star Technology, Upexi, and Spirit Airlines experienced declines. Spirit Airlines is reportedly exploring bankruptcy options.

Portfolio Pulse from Avi Kapoor

October 04, 2024 | 2:14 pm

Beneficient (NASDAQ:BENF) shares surged after the company announced a transaction to increase its permanent equity by $126 million. The transaction involved redesignating preferred equity as non-redeemable, leading to a reclassification on the balance sheet. The stock saw heavy trading volume, with shares up 59.2% in premarket trading.

Portfolio Pulse from Erica Kollmann

October 04, 2024 | 2:14 pm

Spirit Airlines is considering bankruptcy, causing a 44% drop in shares. Beneficient's shares rose 64% after redesignating $126 million of preferred equity as non-redeemable. Rivian's shares fell 9% due to lowered production guidance from supply shortages.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2024 | 12:12 pm

Beneficient's shares rose following the announcement that its subsidiary, Beneficient Company Holdings, completed a transaction to redesignate $126 million of preferred equity as non-redeemable.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2024 | 11:56 am

Beneficient's subsidiary has completed a transaction to redesignate $126 million of its preferred equity as non-redeemable, reclassifying it from temporary to permanent equity on the balance sheet by September 30, 2024.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2024 | 11:04 am

Summit Therapeutics shares surged 38.8% in pre-market trading after announcing positive results for Ivonescimab Monotherapy in treating advanced NSCLC in China. Other notable pre-market movers include Intelligent Bio Solutions, Tonix Pharmaceuticals, and Nuburu, among others.

Portfolio Pulse from Avi Kapoor

September 09, 2024 | 10:08 am

The Dow Jones index rose by 150 points as the U.S. economy added 142,000 jobs in August, with the unemployment rate falling to 4.2%. BloomZ Inc. shares surged 131% after a business agreement announcement, while Wheeler Real Estate Investment Trust shares rose 89% following a favorable court ruling. Planet Labs PBC shares fell 21% due to disappointing sales results.

Portfolio Pulse from Avi Kapoor

September 06, 2024 | 1:56 pm

Workday, Inc. (NASDAQ:WDAY) shares surged 11.9% in pre-market trading after reporting better-than-expected Q2 financial results, with revenue of $2.08 billion and adjusted earnings of $1.75 per share. Several other stocks also showed significant pre-market movements, including Sequans Communications S.A. (NYSE:SQNS) and Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB).

Portfolio Pulse from Avi Kapoor

August 23, 2024 | 10:53 am

Wolfspeed shares rose 8.2% in pre-market trading despite missing earnings and revenue estimates for the fourth quarter and fiscal year. Several other stocks, including Staffing 360 Solutions and Mobix Labs, also saw significant pre-market movements.

Portfolio Pulse from Avi Kapoor

August 22, 2024 | 10:06 am

Beneficient shares are trading higher after the company reported a year-over-year increase in Q1 revenue results.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 8:52 pm

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