Bares Capital Management Inc. Has $11.80 Million Position in StoneX Group Inc. (NASDAQ:SNEX)

Bares Capital Management Inc. raised its holdings in StoneX Group Inc. (NASDAQ:SNEX) by 130.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 114,000 shares of the company’s stock after buying an additional 64,613 shares during the period. Bares Capital Management Inc. owned 0.55% of StoneX Group worth $11,802,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SNEX. Envestnet Asset Management Inc. acquired a new stake in StoneX Group in the 1st quarter valued at $297,000. Raymond James Financial Services Advisors Inc. bought a new position in shares of StoneX Group in the 1st quarter valued at about $208,000. Bank of New York Mellon Corp grew its position in shares of StoneX Group by 5.0% in the 1st quarter. Bank of New York Mellon Corp now owns 172,394 shares of the company’s stock valued at $12,797,000 after acquiring an additional 8,153 shares during the period. Citigroup Inc. grew its position in shares of StoneX Group by 14.9% in the 1st quarter. Citigroup Inc. now owns 14,836 shares of the company’s stock valued at $1,102,000 after acquiring an additional 1,929 shares during the period. Finally, Bank of Montreal Can grew its position in shares of StoneX Group by 5.5% in the 1st quarter. Bank of Montreal Can now owns 5,213 shares of the company’s stock valued at $394,000 after acquiring an additional 272 shares during the period. 75.24% of the stock is currently owned by institutional investors and hedge funds.

StoneX Group Stock Performance

Shares of SNEX opened at $91.12 on Tuesday. The firm has a 50-day moving average of $92.45 and a 200-day moving average of $92.62. StoneX Group Inc. has a one year low of $74.43 and a one year high of $106.35. The company has a market cap of $1.89 billion, a PE ratio of 8.06 and a beta of 0.92. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.53 and a quick ratio of 1.12.

StoneX Group (NASDAQ:SNEX) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $3.36 EPS for the quarter, beating analysts’ consensus estimates of $2.44 by $0.92. StoneX Group had a net margin of 0.40% and a return on equity of 18.51%. The company had revenue of $776.90 million during the quarter, compared to the consensus estimate of $686.60 million. As a group, equities analysts forecast that StoneX Group Inc. will post 10.27 earnings per share for the current year.

Insider Buying and Selling

In related news, Director John Moore Fowler sold 300 shares of StoneX Group stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $93.93, for a total transaction of $28,179.00. Following the completion of the sale, the director now owns 55,291 shares of the company’s stock, valued at approximately $5,193,483.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 15.45% of the stock is currently owned by insiders.

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.