Punch & Associates Investment Management Inc. Has $64.43 Million Stake in StoneX Group Inc. $SNEX

Key Points

• Punch & Associates Investment Management Inc. has increased its stake in StoneX Group Inc. by 8.7%, making it the largest holding in their portfolio with 843,524 shares valued at approximately $64.4 million.
• Wall Street analysts have upgraded StoneX Group to a "strong-buy" rating, indicating positive expectations for the company's stock performance.
• Insider transactions included a sale of 1,125 shares by Director John Moore Fowler for $108,000, reflecting a slight decrease in his ownership position.

Punch & Associates Investment Management Inc. grew its holdings in StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 8.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 843,524 shares of the company's stock after purchasing an additional 67,747 shares during the period. StoneX Group makes up 4.2% of Punch & Associates Investment Management Inc.'s portfolio, making the stock its biggest position. Punch & Associates Investment Management Inc. owned about 1.72% of StoneX Group worth $64,428,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Ridgewood Investments LLC increased its holdings in shares of StoneX Group by 50.0% in the 1st quarter. Ridgewood Investments LLC now owns 450 shares of the company's stock valued at $34,000 after purchasing an additional 150 shares during the period. Simplex Trading LLC purchased a new position in StoneX Group during the first quarter valued at approximately $47,000. GAMMA Investing LLC increased its stake in StoneX Group by 92.7% in the 1st quarter. GAMMA Investing LLC now owns 742 shares of the company's stock valued at $57,000 after buying an additional 357 shares during the period. IFP Advisors Inc lifted its position in StoneX Group by 74,100.0% in the 1st quarter. IFP Advisors Inc now owns 742 shares of the company's stock worth $57,000 after buying an additional 741 shares in the last quarter. Finally, CWM LLC boosted 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 valued at $62,000 after buying an additional 355 shares during the period. Hedge funds and other institutional investors own 75.93% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised StoneX Group to a "strong-buy" rating in a research 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. According to MarketBeat.com, the stock currently has a consensus rating of "Strong Buy".

Insider Activity

In other StoneX Group news, insider Abigail H. Perkins sold 10,470 shares of StoneX Group stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $86.22, for a total value of $902,723.40. Following the transaction, the insider directly owned 43,913 shares of the company's stock, valued at $3,786,178.86. The trade was a 19.25% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John Moore Fowler sold 1,125 shares of the stock in a transaction that occurred on 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 sale, the director directly 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. Over the last ninety days, insiders sold 21,707 shares of company stock worth $1,862,659. 11.70% of the stock is currently owned by company insiders.

StoneX Group Stock Performance

StoneX Group stock traded up $2.27 during trading hours on Thursday, reaching $98.47. 441,404 shares of the company were exchanged, compared to its average volume of 425,729. StoneX Group Inc. has a 12 month low of $51.52 and a 12 month high of $106.98. The company has a current ratio of 2.08, a quick ratio of 1.48 and a debt-to-equity ratio of 1.30. The stock has a 50-day moving average of $95.55 and a 200 day moving average of $87.06. The firm has a market cap of $5.14 billion, a price-to-earnings ratio of 16.78 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 earnings per share for the quarter, missing analysts' consensus estimates of $1.39 by ($0.17). The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $923.10 million. StoneX Group had a return on equity of 16.20% and a net margin of 0.23%. As a group, research analysts anticipate that StoneX Group Inc. will post 8.7 earnings per share 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.