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

Denali Advisors LLC raised its position in shares of StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 13.3% in the first quarter, according to its most recent filing with the SEC. The firm owned 84,535 shares of the company's stock after purchasing an additional 9,901 shares during the quarter. Denali Advisors LLC owned approximately 0.18% of StoneX Group worth $6,457,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Foundry Partners LLC grew its position in StoneX Group by 52.1% in the 1st quarter. Foundry Partners LLC now owns 118,834 shares of the company's stock valued at $9,077,000 after purchasing an additional 40,685 shares during the period. Jennison Associates LLC bought a new stake in shares of StoneX Group during the 1st quarter worth $757,000. Victory Capital Management Inc. raised its stake in StoneX Group by 390.3% in the 1st quarter. Victory Capital Management Inc. now owns 62,396 shares of the company's stock valued at $4,766,000 after acquiring an additional 49,671 shares during the period. Larson Financial Group LLC raised its stake in 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 acquiring an additional 1,136 shares during the period. Finally, Hohimer Wealth Management LLC raised its stake in StoneX Group by 4.5% in the 1st quarter. Hohimer Wealth Management LLC now owns 7,112 shares of the company's stock valued at $543,000 after acquiring an additional 306 shares during the period. Institutional investors and hedge funds own 75.93% of the company's stock.

StoneX Group Trading Up 2.0%

SNEX stock traded up $1.80 during midday trading on Friday, hitting $93.65. The company had a trading volume of 314,822 shares, compared to its average volume of 310,508. The company has a current ratio of 1.91, a quick ratio of 1.35 and a debt-to-equity ratio of 1.09. StoneX Group Inc. has a 52 week low of $47.69 and a 52 week high of $99.08. The stock's 50 day moving average price is $88.37 and its 200 day moving average price is $81.10. The stock has a market cap of $4.58 billion, a price-to-earnings ratio of 15.86 and a beta of 0.54.

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

Insider Buying and Selling

In other news, President Charles M. Lyon sold 13,000 shares of the stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $86.92, for a total value of $1,129,960.00. Following the sale, the president directly owned 122,080 shares of the company's stock, valued at approximately $10,611,193.60. This represents a 9.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Philip Andrew Smith sold 7,500 shares of the stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $83.68, for a total value of $627,600.00. Following the completion of the sale, the chief executive officer directly owned 327,754 shares in the company, valued at approximately $27,426,454.72. This represents a 2.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 120,262 shares of company stock valued at $10,534,329 over the last 90 days. 11.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

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

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.