Denali Advisors LLC Buys 9,901 Shares of StoneX Group Inc. (NASDAQ:SNEX)

Denali Advisors LLC lifted its stake in StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 13.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 84,535 shares of the company's stock after buying an additional 9,901 shares during the quarter. Denali Advisors LLC owned approximately 0.18% of StoneX Group worth $6,457,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of SNEX. GAMMA Investing LLC grew its stake in shares of StoneX Group by 92.7% in 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 in the last quarter. CWM LLC lifted its holdings in shares of StoneX Group by 78.4% in the 1st quarter. CWM LLC now owns 808 shares of the company's stock valued at $62,000 after purchasing an additional 355 shares during the last quarter. Larson Financial Group LLC lifted its holdings in shares of StoneX Group by 4,057.1% in the 1st quarter. Larson Financial Group LLC now owns 1,164 shares of the company's stock valued at $89,000 after purchasing an additional 1,136 shares during the last quarter. Allworth Financial LP raised its stake in StoneX Group by 52.6% during the 1st quarter. Allworth Financial LP now owns 1,244 shares of the company's stock valued at $95,000 after acquiring an additional 429 shares during the last quarter. Finally, HM Payson & Co. purchased a new stake in StoneX Group during the 1st quarter valued at approximately $97,000. Hedge funds and other institutional investors own 75.93% of the company's stock.

Insider Activity

In other news, Chairman John Radziwill purchased 1,400 shares of the firm's stock in a transaction on Thursday, June 12th. The stock was bought at an average cost of $85.00 per share, for a total transaction of $119,000.00. Following the completion of the acquisition, the chairman directly owned 100,240 shares of the company's stock, valued at approximately $8,520,400. The trade was a 1.42% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Philip Andrew Smith sold 7,500 shares of the stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $83.68, for a total transaction of $627,600.00. Following the completion of the sale, the chief executive officer owned 327,754 shares of the company's stock, valued at approximately $27,426,454.72. The trade was a 2.24% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 120,262 shares of company stock valued at $10,534,329. Corporate insiders own 11.70% of the company's stock.

Wall Street Analyst Weigh In

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

StoneX Group Stock Performance

Shares of NASDAQ SNEX traded up $0.33 during midday trading on Tuesday, hitting $95.01. 325,084 shares of the company's stock were exchanged, compared to its average volume of 311,612. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.91 and a quick ratio of 1.35. The stock's 50 day moving average price is $88.37 and its 200-day moving average price is $81.31. The firm has a market cap of $4.65 billion, a P/E ratio of 16.09 and a beta of 0.54. StoneX Group Inc. has a twelve month low of $47.69 and a twelve month high of $99.08.

StoneX Group (NASDAQ:SNEX - Get Free Report) last announced its earnings results on Wednesday, May 14th. The company reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.09. StoneX Group had a net margin of 0.24% and a return on equity of 17.03%. The company had revenue of $956.00 million for the quarter, compared to the consensus estimate of $907.30 million. Equities research analysts anticipate 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.