GAMMA Investing LLC Buys 56,289 Shares of StoneX Group Inc. (NASDAQ:SNEX)

GAMMA Investing LLC lifted its stake in StoneX Group Inc. (NASDAQ:SNEX) by 14,620.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56,674 shares of the company’s stock after acquiring an additional 56,289 shares during the period. GAMMA Investing LLC owned approximately 0.12% of StoneX Group worth $4,329,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in SNEX. Kestra Investment Management LLC bought a new stake in StoneX Group during the fourth quarter valued at approximately $31,000. Smartleaf Asset Management LLC lifted its holdings in shares of StoneX Group by 250.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 656 shares of the company’s stock worth $64,000 after acquiring an additional 469 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new stake in shares of StoneX Group during the 4th quarter worth $75,000. Bessemer Group Inc. lifted its holdings in shares of StoneX Group by 145.2% during the 4th quarter. Bessemer Group Inc. now owns 1,714 shares of the company’s stock worth $168,000 after acquiring an additional 1,015 shares during the last quarter. Finally, Handelsbanken Fonder AB bought a new stake in shares of StoneX Group during the 4th quarter worth $202,000. Institutional investors own 75.93% of the company’s stock.

Insiders Place Their Bets

In related news, Director John Moore Fowler sold 1,125 shares of the business’s stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $87.75, for a total transaction of $98,718.75. Following the completion of the transaction, the director now directly owns 116,735 shares in the company, valued at approximately $10,243,496.25. The trade was a 0.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Charles M. Lyon sold 17,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $87.92, for a total transaction of $1,494,640.00. Following the completion of the transaction, the president now owns 122,080 shares of the company’s stock, valued at approximately $10,733,273.60. The trade was a 12.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 130,082 shares of company stock worth $11,021,613. 11.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Separately, William Blair began coverage on StoneX Group in a research report on Wednesday, March 26th. They issued an “outperform” rating for the company.

StoneX Group Stock Performance

Shares of SNEX stock opened at $85.33 on Wednesday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.29 and a current ratio of 1.77. StoneX Group Inc. has a fifty-two week low of $46.43 and a fifty-two week high of $97.17. The stock has a 50 day moving average price of $83.92 and a two-hundred day moving average price of $76.69. The company has a market capitalization of $4.17 billion, a P/E ratio of 10.19 and a beta of 0.53.

StoneX Group (NASDAQ:SNEX) last released its quarterly earnings results on Wednesday, May 14th. The company reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.09. The business had revenue of $956.00 million during the quarter, compared to analyst estimates of $907.30 million. StoneX Group had a return on equity of 16.83% and a net margin of 0.26%. Analysts expect 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.