SummerHaven Investment Management LLC Acquires 4,227 Shares of StoneX Group Inc. (NASDAQ:SNEX)

SummerHaven Investment Management LLC boosted its stake in shares of StoneX Group Inc. (NASDAQ:SNEX) by 52.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 12,359 shares of the company’s stock after buying an additional 4,227 shares during the period. SummerHaven Investment Management LLC’s holdings in StoneX Group were worth $912,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Parkside Financial Bank & Trust lifted its holdings in shares of StoneX Group by 45.2% during the fourth quarter. Parkside Financial Bank & Trust now owns 601 shares of the company’s stock worth $44,000 after purchasing an additional 187 shares during the period. Allworth Financial LP increased its position in StoneX Group by 49.5% during the 4th quarter. Allworth Financial LP now owns 815 shares of the company’s stock valued at $60,000 after purchasing an additional 270 shares during the period. Exchange Traded Concepts LLC acquired a new position in shares of StoneX Group in the 3rd quarter worth approximately $29,000. Rhumbline Advisers increased its position in shares of StoneX Group by 0.6% during the third quarter. Rhumbline Advisers now owns 58,605 shares of the company’s stock worth $5,680,000 after buying an additional 378 shares during the period. Finally, Naples Money Management LLC bought a new position in shares of StoneX Group in the 4th quarter worth about $30,000. Institutional investors and hedge funds own 75.93% of the company’s stock.

StoneX Group Stock Up 0.8 %

Shares of SNEX traded up $0.59 on Monday, reaching $72.14. The company’s stock had a trading volume of 18,353 shares, compared to its average volume of 123,394. The stock has a market capitalization of $2.28 billion, a PE ratio of 9.98 and a beta of 0.87. The company has a current ratio of 1.59, a quick ratio of 1.20 and a debt-to-equity ratio of 0.87. StoneX Group Inc. has a twelve month low of $49.62 and a twelve month high of $74.01. The firm has a fifty day moving average of $67.85 and a 200-day moving average of $66.50.

StoneX Group (NASDAQ:SNEX) last announced its quarterly earnings results on Tuesday, February 6th. The company reported $2.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.46. The business had revenue of $784.20 million during the quarter, compared to the consensus estimate of $781.80 million. StoneX Group had a return on equity of 17.48% and a net margin of 0.34%. Equities analysts predict that StoneX Group Inc. will post 7.64 EPS for the current year.

Insider Buying and Selling at StoneX Group

In other news, CEO Charles M. Lyon sold 15,552 shares of the firm’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $65.11, for a total value of $1,012,590.72. Following the completion of the transaction, the chief executive officer now directly owns 61,557 shares of the company’s stock, valued at $4,007,976.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Scott J. Branch sold 7,500 shares of StoneX Group stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $63.87, for a total value of $479,025.00. Following the completion of the sale, the director now directly owns 519,934 shares in the company, valued at $33,208,184.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Charles M. Lyon sold 15,552 shares of the stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $65.11, for a total value of $1,012,590.72. Following the transaction, the chief executive officer now directly owns 61,557 shares in the company, valued at $4,007,976.27. The disclosure for this sale can be found here. In the last 90 days, insiders sold 56,348 shares of company stock worth $3,769,436. Insiders own 16.24% of the company’s stock.

About StoneX Group

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.