Benson Hill (NASDAQ:BHIL) Shares Gap Up – Here’s What Happened

Benson Hill, Inc. (NASDAQ:BHIL)’s share price gapped up prior to trading on Friday . The stock had previously closed at $6.87, but opened at $7.02. Benson Hill shares last traded at $7.02, with a volume of 372 shares.

Benson Hill Stock Up 0.6 %

The company has a quick ratio of 1.86, a current ratio of 2.38 and a debt-to-equity ratio of 1.75. The stock has a 50 day simple moving average of $6.59 and a 200-day simple moving average of $6.57.

Benson Hill (NASDAQ:BHIL) last released its earnings results on Thursday, August 8th. The company reported ($3.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.10) by ($1.17). Benson Hill had a negative return on equity of 124.29% and a negative net margin of 33.88%. The business had revenue of $33.77 million for the quarter, compared to analysts’ expectations of $24.30 million. Analysts expect that Benson Hill, Inc. will post -12.91 EPS for the current year.

Institutional Investors Weigh In On Benson Hill

Institutional investors and hedge funds have recently modified their holdings of the stock. Norden Group LLC purchased a new position in Benson Hill during the first quarter valued at $28,000. Moloney Securities Asset Management LLC grew its position in shares of Benson Hill by 77.2% during the first quarter. Moloney Securities Asset Management LLC now owns 417,550 shares of the company’s stock valued at $84,000 after purchasing an additional 181,917 shares in the last quarter. Fortem Financial Group LLC increased its holdings in shares of Benson Hill by 53.4% in the first quarter. Fortem Financial Group LLC now owns 2,945,845 shares of the company’s stock worth $591,000 after purchasing an additional 1,025,345 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Benson Hill by 27.9% in the second quarter. Renaissance Technologies LLC now owns 582,001 shares of the company’s stock worth $89,000 after purchasing an additional 126,800 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Benson Hill in the second quarter worth about $40,000. Institutional investors own 36.21% of the company’s stock.

About Benson Hill

Benson Hill, Inc, together with its subsidiaries, operates as a food technology company that unlocks natural genetic diversity of plants. It operates in two segments, Ingredients and Fresh. The company offers CropOS, a technology platform, which uses artificial intelligence, data, and various advanced breeding techniques that combine data, plant, and food sciences to deliver crops optimized for food, ingredient, and feed products.