Beneficient Class A (BENF)

Beneficient announced a 1-for-8 reverse stock split of its Class A and Class B common stock, effective December 15, 2025, to regain compliance with Nasdaq's minimum bid price requirement. The company reported regaining compliance with Nasdaq listing requirements on October 29, 2025, and again on January 2, 2026. Beneficient reported earnings on October 21, 2025, beating analysts' expectations, and also released fiscal Q2 2026 results for the quarter ended September 30, 2025, highlighting cost reductions and capital-structure moves. Thomas O. Hicks, the Chairman of the Board, passed away on December 6, 2025, and Peter T. Cangany Jr. was appointed as the new Chairman, effective December 15, 2025. Beneficient announced the early repayment of approximately $27.5 million in debt on January 20, 2026. On January 8, 2026, Beneficient closed a $3 million GP primary capital transaction with Cork & Vines Fund I, LP. $52.6 million of BCH Preferred A-1 held by leadership was converted into Class A common stock on October 15, 2025. Beneficient issued a statement regarding an indictment of Brad Heppner on November 5, 2025.

There is no explicit indication of significant demand seasonality for Beneficient's products and services. The demand for alternative asset liquidity solutions is generally driven by investors seeking to exit illiquid assets, which is likely a continuous need rather than one tied to specific seasonal fluctuations.

Beneficient, a technology-enabled financial services company based in Dallas, Texas, focuses on democratizing the global alternative asset investment market. It operates in the alternative asset management and liquidity solutions industry, providing early exit solutions and related trust and custody services to underserved investors through its AltAccess® platform. The company's offerings include Ben Liquidity, Ben Custody, Customer ExAlt Trusts, Ben Markets, Ben Insurance Services, and Ben Data. Its loan portfolio is collateralized by over 250 private market funds and approximately 850 investments across various sectors.

Beneficient's operations are primarily focused on serving participants in the alternative asset industry within the United States. Its headquarters are located in Dallas, Texas, and it operates under a charter pursuant to the Kansas Technology-Enabled Fiduciary Financial Institutions Act through its subsidiary, Beneficient Fiduciary Financial, L.L.C.

Beneficient's brand reputation is built on its mission to democratize the alternative asset investment market and provide innovative, technology-enabled solutions. However, MarketBeat's MarketRank™ score indicates that Beneficient scored higher than only 25% of companies evaluated in the finance sector, and the company has received a consensus "Sell" rating from analysts. The indictment of former CEO Brad Heppner in November 2025 could also have a negative impact on the company's reputation.

Beneficient has 26 institutional owners and shareholders, holding a total of 993,023 shares. Major institutional shareholders include Hatteras Funds, LLC, Ausdal Financial Partners, Inc., HighPoint Advisor Group LLC, Geode Capital Management, Llc, State Street Corp, FSMAX - Fidelity Extended Market Index Fund, Marex Group plc, Global Assets Advisory, LLC, Two Sigma Investments, Lp, and Commonwealth Equity Services, Llc. Institutions hold 90.57% of the stock, while insiders hold 7.40%.