Short Interest in StoneX Group Inc. (NASDAQ:SNEX) Drops By 15.8%

StoneX Group Inc. (NASDAQ:SNEX - Get Free Report) was the target of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 1,010,000 shares, a decrease of 15.8% from the March 15th total of 1,200,000 shares. Based on an average daily volume of 395,900 shares, the short-interest ratio is presently 2.6 days. Currently, 3.6% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at StoneX Group

In related news, insider Glenn Henry Stevens sold 22,500 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $78.55, for a total value of $1,767,300.00. Following the sale, the insider now owns 116,946 shares in the company, valued at approximately $9,185,718.48. This trade represents a 16.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Philip Andrew Smith sold 9,000 shares of StoneX Group stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $69.56, for a total transaction of $626,040.00. Following the sale, the chief executive officer now owns 342,711 shares of the company's stock, valued at approximately $23,838,977.16. The trade was a 2.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 76,500 shares of company stock valued at $6,005,817. Company insiders own 11.70% of the company's stock.

Hedge Funds Weigh In On StoneX Group

Several institutional investors have recently bought and sold shares of SNEX. Summit Investment Advisors Inc. boosted its holdings in shares of StoneX Group by 4.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 2,895 shares of the company's stock valued at $284,000 after purchasing an additional 119 shares during the last quarter. Illinois Municipal Retirement Fund raised its stake in shares of StoneX Group by 0.9% during the fourth quarter. Illinois Municipal Retirement Fund now owns 15,232 shares of the company's stock valued at $1,492,000 after acquiring an additional 132 shares in the last quarter. Focus Partners Wealth boosted its stake in shares of StoneX Group by 2.1% during the fourth quarter. Focus Partners Wealth now owns 8,109 shares of the company's stock valued at $794,000 after purchasing an additional 164 shares in the last quarter. MRP Capital Investments LLC increased its holdings in shares of StoneX Group by 1.0% in the 4th quarter. MRP Capital Investments LLC now owns 17,391 shares of the company's stock valued at $1,704,000 after acquiring an additional 175 shares during the period. Finally, Sheets Smith Wealth Management raised its position in shares of StoneX Group by 4.3% in the 4th quarter. Sheets Smith Wealth Management now owns 5,495 shares of the company's stock worth $538,000 after acquiring an additional 227 shares in the last quarter. 75.93% of the stock is owned by hedge funds and other institutional investors.

StoneX Group Stock Up 1.9 %

Shares of NASDAQ SNEX traded up $1.62 during trading on Friday, reaching $87.61. The company had a trading volume of 407,964 shares, compared to its average volume of 270,350. The business's 50-day moving average is $77.96 and its 200 day moving average is $70.84. The stock has a market cap of $4.22 billion, a PE ratio of 10.47 and a beta of 0.65. StoneX Group has a 12-month low of $46.43 and a 12-month high of $88.07. The company has a quick ratio of 1.29, a current ratio of 1.77 and a debt-to-equity ratio of 1.33.

StoneX Group (NASDAQ:SNEX - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The company reported $1.69 EPS for the quarter, topping the consensus estimate of $1.43 by $0.26. StoneX Group had a return on equity of 16.83% and a net margin of 0.26%. As a group, equities analysts forecast that StoneX Group will post 8.7 earnings per share for the current fiscal 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.