Concurrent Investment Advisors LLC Invests $396,000 in StoneX Group Inc. (NASDAQ:SNEX)

Concurrent Investment Advisors LLC bought a new stake in shares of StoneX Group Inc. (NASDAQ:SNEX - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 5,186 shares of the company's stock, valued at approximately $396,000.

Other large investors have also recently made changes to their positions in the company. Summit Investment Advisors Inc. boosted its holdings in StoneX Group by 4.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 2,895 shares of the company's stock worth $284,000 after purchasing an additional 119 shares during the last quarter. Focus Partners Wealth boosted its position in StoneX Group by 2.1% in 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 during the last quarter. MRP Capital Investments LLC increased its position in shares of StoneX Group by 1.0% during the 4th quarter. MRP Capital Investments LLC now owns 17,391 shares of the company's stock valued at $1,704,000 after purchasing an additional 175 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of StoneX Group by 92.7% in the 1st quarter. GAMMA Investing LLC now owns 742 shares of the company's stock worth $57,000 after purchasing an additional 357 shares during the period. Finally, State of Wyoming grew its position in StoneX Group by 8.9% during the fourth quarter. State of Wyoming now owns 4,589 shares of the company's stock valued at $450,000 after buying an additional 375 shares during the period. 75.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at StoneX Group

In related news, Chairman John Radziwill bought 1,400 shares of the company's stock in a transaction that occurred on Thursday, June 12th. The stock was purchased at an average price of $85.00 per share, for a total transaction of $119,000.00. Following the completion of the transaction, the chairman owned 100,240 shares in the company, valued at $8,520,400. The trade was a 1.42% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Abigail H. Perkins sold 10,470 shares of StoneX Group stock in a transaction on Monday, June 16th. The shares were sold at an average price of $86.22, for a total transaction of $902,723.40. Following the completion of the sale, the insider owned 43,913 shares in the company, valued at approximately $3,786,178.86. This represents a 19.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 165,262 shares of company stock worth $14,146,806. Insiders own 11.70% of the company's stock.

Analyst Ratings Changes

Separately, William Blair assumed coverage on StoneX Group in a report on Wednesday, March 26th. They set an "outperform" rating for the company.

StoneX Group Price Performance

Shares of SNEX traded down $4.91 during mid-day trading on Friday, reaching $91.44. The stock had a trading volume of 427,898 shares, compared to its average volume of 383,517. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.35 and a current ratio of 1.91. StoneX Group Inc. has a 12 month low of $47.69 and a 12 month high of $99.08. The business has a fifty day moving average of $88.28 and a 200 day moving average of $80.01. The firm has a market cap of $4.47 billion, a price-to-earnings ratio of 16.23 and a beta of 0.54.

StoneX Group (NASDAQ:SNEX - Get Free Report) last released its earnings results on Wednesday, May 14th. The company reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.09. StoneX Group had a return on equity of 17.03% and a net margin of 0.24%. The firm had revenue of $956.00 million during the quarter, compared to analysts' expectations of $907.30 million. Equities analysts predict that StoneX Group Inc. will post 8.7 EPS for the current year.

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.