StoneX Group Inc. (NASDAQ:SNEX) Shares Bought by SummerHaven Investment Management LLC

SummerHaven Investment Management LLC increased its position in shares of StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 51.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,447 shares of the company's stock after acquiring an additional 5,280 shares during the quarter. StoneX Group accounts for about 0.8% of SummerHaven Investment Management LLC's holdings, making the stock its 8th largest position. SummerHaven Investment Management LLC's holdings in StoneX Group were worth $1,180,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. Handelsbanken Fonder AB raised its holdings in shares of StoneX Group by 173.5% during the first quarter. Handelsbanken Fonder AB now owns 5,646 shares of the company's stock valued at $431,000 after acquiring an additional 3,582 shares during the period. SG Americas Securities LLC acquired a new position in StoneX Group in the 1st quarter valued at approximately $4,873,000. Simplicity Wealth LLC increased its stake in StoneX Group by 13.3% in the 1st quarter. Simplicity Wealth LLC now owns 8,537 shares of the company's stock valued at $652,000 after buying an additional 1,002 shares during the period. 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. Finally, Yousif Capital Management LLC increased its stake in StoneX Group by 49.8% in the 1st quarter. Yousif Capital Management LLC now owns 16,045 shares of the company's stock valued at $1,226,000 after buying an additional 5,335 shares during the period. Institutional investors and hedge funds own 75.93% of the company's stock.

Insiders Place Their Bets

In other StoneX Group news, President Charles M. Lyon sold 13,000 shares of the stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $86.92, for a total value of $1,129,960.00. Following the completion of the sale, the president now directly owns 122,080 shares of the company's stock, valued at $10,611,193.60. This represents a 9.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Philip Andrew Smith sold 7,500 shares of the stock in a transaction on 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 now directly owns 327,754 shares of the company's stock, valued at approximately $27,426,454.72. This trade represents a 2.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 137,582 shares of company stock valued at $11,649,213 over the last ninety days. Corporate insiders own 11.70% of the company's stock.

Wall Street Analyst Weigh In

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

StoneX Group Stock Up 0.1%

StoneX Group stock traded up $0.09 during trading hours on Thursday, hitting $85.15. The company had a trading volume of 192,992 shares, compared to its average volume of 292,720. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.77 and a quick ratio of 1.29. The firm has a market capitalization of $4.17 billion, a P/E ratio of 10.17 and a beta of 0.53. StoneX Group Inc. has a fifty-two week low of $46.43 and a fifty-two week high of $97.17. The firm's fifty day moving average is $84.22 and its 200-day moving average is $76.75.

StoneX Group (NASDAQ:SNEX - Get Free Report) last posted its earnings results on Wednesday, May 14th. The company reported $1.41 EPS for the quarter, topping the consensus estimate of $1.32 by $0.09. The company had revenue of $956.00 million during the quarter, compared to the consensus estimate of $907.30 million. StoneX Group had a net margin of 0.26% and a return on equity of 16.83%. On average, research analysts forecast that StoneX Group Inc. will post 8.7 earnings per share for the current year.

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.