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Jeff Welday, Global Head of Organizations and Distribution at Beneficient (NASDAQ:BENF), recently reported selling a series of shares in the company. Over a span of three days, Welday sold a total of 847 shares of Beneficient’s Class A Common Stock, amounting to $353. The transactions were executed at prices ranging from $0.41 to $0.42 per share, near the stock’s 52-week low. The micro-cap company, currently valued at $3.47 million, has seen its share price decline by over 96% in the past year. According to InvestingPro analysis, the stock appears undervalued at current levels.
The sales were made to cover tax withholding obligations related to the vesting and settlement of restricted stock units. Following these transactions, Welday holds 141,420 shares of Beneficient. InvestingPro subscribers can access 14 additional key insights about BENF, including detailed financial health metrics and comprehensive valuation analysis through the Pro Research Report.
In other recent news, Beneficient reported its financial results for the third quarter of 2025, highlighting a revenue of $4.4 million, contributing to a year-to-date total of $23 million. The company achieved a GAAP net income of $51.9 million year-to-date and improved its permanent equity position from a negative $148.3 million to a positive $14.3 million. Operating expenses were reduced by 38% in the third quarter, showcasing the company’s efforts to enhance profitability. Beneficient also launched a new FinTech platform, Alt Access, to provide liquidity solutions, and announced an agreement to acquire Mercantile Bank (NASDAQ:MBWM) International Corporation, subject to certain conditions. This acquisition is expected to expand the company’s custody and capital market services. Despite these developments, the company’s stock faced a decline of 11.16% in premarket trading. Additionally, the company appointed Karen Windell to its Board of Directors, bringing expertise in digital asset markets and cybersecurity. Beneficient’s strategic initiatives and financial improvements are part of its ongoing efforts to address the unmet demand for liquidity in the alternative asset market.
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