Harbour Capital Advisors LLC Buys 5,083 Shares of StoneX Group Inc. (NASDAQ:SNEX)

Harbour Capital Advisors LLC grew its holdings in shares of StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 48.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,526 shares of the company's stock after purchasing an additional 5,083 shares during the period. Harbour Capital Advisors LLC's holdings in StoneX Group were worth $1,152,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. GAMMA Investing LLC raised its stake in 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 purchasing an additional 357 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in StoneX Group by 250.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 656 shares of the company's stock valued at $64,000 after purchasing an additional 469 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new position in StoneX Group in the fourth quarter valued at about $75,000. Bessemer Group Inc. raised its stake in StoneX Group by 145.2% in the fourth quarter. Bessemer Group Inc. now owns 1,714 shares of the company's stock valued at $168,000 after purchasing an additional 1,015 shares in the last quarter. Finally, Handelsbanken Fonder AB acquired a new position in StoneX Group in the fourth quarter valued at about $202,000. 75.93% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

StoneX Group Price Performance

SNEX stock traded up $0.50 during midday trading on Friday, reaching $91.38. The company had a trading volume of 1,728,989 shares, compared to its average volume of 302,681. The company has a market capitalization of $4.47 billion, a price-to-earnings ratio of 15.48 and a beta of 0.53. The stock has a 50 day moving average price of $86.84 and a 200-day moving average price of $78.20. StoneX Group Inc. has a 1-year low of $47.69 and a 1-year high of $97.17. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.91 and a quick ratio of 1.35.

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, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $907.30 million. Equities research analysts expect that StoneX Group Inc. will post 8.7 earnings per share for the current year.

Insider Buying and Selling at StoneX Group

In other StoneX Group news, CEO Philip Andrew Smith sold 7,457 shares of StoneX Group stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $93.26, for a total value of $695,439.82. Following the transaction, the chief executive officer now owns 335,254 shares in the company, valued at $31,265,788.04. The trade was a 2.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Abigail H. Perkins sold 10,470 shares of StoneX Group stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $86.22, for a total value of $902,723.40. Following the completion of the transaction, the insider now owns 43,913 shares in the company, valued at approximately $3,786,178.86. This represents a 19.25% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 174,262 shares of company stock worth $14,772,846 over the last 90 days. Insiders own 11.70% of the company's stock.

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.