PDT Partners LLC Buys 3,708 Shares of StoneX Group Inc. $SNEX

Key Points

• PDT Partners LLC increased its stake in StoneX Group Inc. by 49.7%, purchasing an additional 3,708 shares, bringing their total to 11,170 shares valued at approximately $853,000.
• The company's shares opened at $104.16 and have shown significant price movement with a 52-week low of $50.31 and a high of $104.21.
• StoneX Group reported earnings per share (EPS) of $1.22 for the quarter, missing the consensus estimate of $1.39, despite exceeding revenue expectations with $1.02 billion in revenue.

PDT Partners LLC lifted its stake in shares of StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 49.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,170 shares of the company's stock after purchasing an additional 3,708 shares during the period. PDT Partners LLC's holdings in StoneX Group were worth $853,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in SNEX. Ridgewood Investments LLC raised its stake in shares of StoneX Group by 50.0% during the 1st quarter. Ridgewood Investments LLC now owns 450 shares of the company's stock worth $34,000 after purchasing an additional 150 shares in the last quarter. Simplex Trading LLC bought a new stake in shares of StoneX Group during the 1st quarter worth approximately $47,000. GAMMA Investing LLC raised its stake in shares of StoneX Group by 92.7% during the 1st quarter. GAMMA Investing LLC now owns 742 shares of the company's stock worth $57,000 after purchasing an additional 357 shares in the last quarter. IFP Advisors Inc raised its stake in shares of StoneX Group by 74,100.0% during the 1st quarter. IFP Advisors Inc now owns 742 shares of the company's stock worth $57,000 after purchasing an additional 741 shares in the last quarter. Finally, CWM LLC raised its stake in shares of StoneX Group by 78.4% during the 1st quarter. CWM LLC now owns 808 shares of the company's stock worth $62,000 after purchasing an additional 355 shares in the last quarter. Institutional investors own 75.93% of the company's stock.

Insider Transactions at StoneX Group

In other StoneX Group news, insider Abigail H. Perkins sold 10,470 shares of the business's stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $86.22, for a total transaction of $902,723.40. Following the completion of the transaction, the insider owned 43,913 shares of the company's stock, valued at approximately $3,786,178.86. The trade was a 19.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Moore Fowler sold 1,125 shares of the stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $96.00, for a total value of $108,000.00. Following the completion of the transaction, the director owned 115,749 shares of the company's stock, valued at $11,111,904. This represents a 0.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 37,805 shares of company stock valued at $3,231,633. 11.70% of the stock is owned by corporate insiders.

StoneX Group Stock Performance

NASDAQ SNEX traded up $0.52 on Tuesday, reaching $96.86. The stock had a trading volume of 189,808 shares, compared to its average volume of 423,553. 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 fifty day moving average of $95.39 and a two-hundred day moving average of $86.94. StoneX Group Inc. has a 1-year low of $50.31 and a 1-year high of $106.98. The company has a market cap of $5.05 billion, a P/E ratio of 16.48 and a beta of 0.56.

StoneX Group (NASDAQ:SNEX - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $1.22 EPS for the quarter, missing analysts' consensus estimates of $1.39 by ($0.17). StoneX Group had a net margin of 0.23% and a return on equity of 16.20%. The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $923.10 million. On average, equities research analysts anticipate that StoneX Group Inc. will post 8.7 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised StoneX Group to a "strong-buy" rating in a report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company's stock. Based on data from MarketBeat.com, StoneX Group has an average rating of "Strong Buy".

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.