Bares Capital Management Inc. Purchases Shares of 109,902 StoneX Group Inc. $SNEX

Key Points

• Bares Capital Management Inc. acquired 109,902 shares of StoneX Group Inc., valued at approximately $8.39 million, making it the firm's 11th largest holding.
• Several hedge funds, including Vanguard Group Inc. and American Century Companies Inc., have significantly increased their stakes in StoneX Group during the first quarter, with total institutional ownership standing at 75.93%.
• StoneX Group reported a $1.22 EPS for the last quarter, missing estimates, but had a higher revenue of $1.02 billion, compared to a forecast of $923.10 million.

Bares Capital Management Inc. acquired a new stake in StoneX Group Inc. (NASDAQ:SNEX - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 109,902 shares of the company's stock, valued at approximately $8,394,000. StoneX Group comprises about 0.9% of Bares Capital Management Inc.'s portfolio, making the stock its 11th biggest position. Bares Capital Management Inc. owned about 0.22% of StoneX Group as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Ridgewood Investments LLC boosted its position in shares of StoneX Group by 50.0% during the first quarter. Ridgewood Investments LLC now owns 450 shares of the company's stock worth $34,000 after purchasing an additional 150 shares in the last quarter. Focus Partners Wealth boosted its position in shares of StoneX Group by 2.1% during the fourth quarter. Focus Partners Wealth now owns 8,109 shares of the company's stock worth $794,000 after purchasing an additional 164 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in shares of StoneX Group by 25.2% during the first quarter. Smartleaf Asset Management LLC now owns 821 shares of the company's stock worth $62,000 after purchasing an additional 165 shares in the last quarter. Hohimer Wealth Management LLC boosted its position in shares of StoneX Group by 4.5% during the first quarter. Hohimer Wealth Management LLC now owns 7,112 shares of the company's stock worth $543,000 after purchasing an additional 306 shares in the last quarter. Finally, CWM LLC boosted its position in shares of StoneX Group by 78.4% during the first quarter. CWM LLC now owns 808 shares of the company's stock worth $62,000 after purchasing an additional 355 shares in the last quarter. 75.93% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of StoneX Group to a "strong-buy" rating in a research report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Strong Buy".

Insider Activity

In other news, Chairman John Radziwill purchased 1,400 shares of the business's stock in a transaction dated Thursday, June 12th. The stock was bought at an average price of $85.00 per share, with a total value of $119,000.00. Following the acquisition, the chairman owned 100,240 shares in the company, valued at approximately $8,520,400. The trade was a 1.42% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John Moore Fowler sold 1,125 shares of the company's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $96.00, for a total transaction of $108,000.00. Following the sale, the director directly owned 115,749 shares of the company's stock, valued at approximately $11,111,904. This trade represents a 0.96% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 45,305 shares of company stock worth $3,859,233. Insiders own 11.70% of the company's stock.

StoneX Group Stock Performance

SNEX traded down $1.64 on Friday, reaching $102.92. The company had a trading volume of 613,369 shares, compared to its average volume of 494,404. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.48 and a current ratio of 2.08. The stock has a market cap of $5.37 billion, a P/E ratio of 17.53 and a beta of 0.56. StoneX Group Inc. has a fifty-two week low of $50.31 and a fifty-two week high of $106.98. The company's fifty day moving average is $95.28 and its 200 day moving average is $86.80.

StoneX Group (NASDAQ:SNEX - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $1.22 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.39 by ($0.17). StoneX Group had a net margin of 0.23% and a return on equity of 16.20%. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $923.10 million. As a group, analysts predict that StoneX Group Inc. will post 8.7 earnings per share for the current fiscal year.

StoneX Group Company Profile

StoneX Group Inc operates as a global financial services network that connects companies, organizations, traders, and investors to market ecosystem worldwide. The company operates through Commercial, Institutional, Retail, and Global Payments segments. The Commercial segment provides risk management and hedging, exchange-traded and OTC products execution and clearing, voice brokerage, market intelligence, physical trading, and commodity financing and logistics services.