Bridgeway Capital Management LLC Raises Holdings in StoneX Group Inc. $SNEX

Key Points

• Bridgeway Capital Management LLC increased its position in StoneX Group Inc. by 50%, acquiring a total of 75,292 shares valued at approximately $5.75 million.
• StoneX Group received a "strong-buy" rating from Zacks Research, with analysts predicting 8.7 earnings per share for the current year.
• Insider sales at StoneX Group included a transaction where Abigail H. Perkins sold 10,470 shares for over $900,000, reflecting a 19.25% decrease in her holdings.

Bridgeway Capital Management LLC boosted its holdings in StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 50.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 75,292 shares of the company's stock after buying an additional 25,097 shares during the quarter. Bridgeway Capital Management LLC owned approximately 0.15% of StoneX Group worth $5,751,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Ridgewood Investments LLC increased 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 buying an additional 150 shares during the period. Simplex Trading LLC bought a new position in shares of StoneX Group in the first quarter valued at $47,000. GAMMA Investing LLC grew its holdings in shares of StoneX Group by 92.7% during the first quarter. GAMMA Investing LLC now owns 742 shares of the company's stock valued at $57,000 after buying an additional 357 shares during the last quarter. IFP Advisors Inc increased its position in shares of StoneX Group by 74,100.0% during the first quarter. IFP Advisors Inc now owns 742 shares of the company's stock worth $57,000 after acquiring an additional 741 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 valued at $62,000 after buying an additional 355 shares during the last quarter. 75.93% of the stock is currently owned by institutional investors and hedge funds.

StoneX Group Stock Down 0.6%

NASDAQ SNEX traded down $0.54 during trading hours on Wednesday, reaching $95.20. 144,289 shares of the company's stock traded hands, compared to its average volume of 423,719. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.08 and a quick ratio of 1.48. The firm has a market cap of $4.97 billion, a PE ratio of 16.22 and a beta of 0.56. The firm has a 50-day simple moving average of $95.48 and a 200 day simple moving average of $87.00. StoneX Group Inc. has a 52-week low of $50.31 and a 52-week high of $106.98.

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

Insider Transactions at StoneX Group

In other StoneX Group news, insider Abigail H. Perkins sold 16,098 shares of the business's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $85.04, for a total value of $1,368,973.92. Following the completion of the transaction, the insider directly owned 31,076 shares in the company, valued at approximately $2,642,703.04. The trade was a 34.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman John Radziwill purchased 1,400 shares of the stock in a transaction on Thursday, June 12th. The stock was acquired at an average cost of $85.00 per share, with a total value of $119,000.00. Following the acquisition, the chairman owned 100,240 shares of the company's stock, valued at approximately $8,520,400. This represents a 1.42% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 37,805 shares of company stock valued at $3,231,633. 11.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of StoneX Group to a "strong-buy" rating in a research note on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Strong Buy".

StoneX Group 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.