Hiddenite Capital Partners LP Has $8.97 Million Stock Holdings in StoneX Group Inc. $SNEX

Hiddenite Capital Partners LP boosted its stake in StoneX Group Inc. (NASDAQ:SNEX) by 81.4% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 88,926 shares of the company’s stock after buying an additional 39,915 shares during the period. StoneX Group makes up 1.6% of Hiddenite Capital Partners LP’s portfolio, making the stock its 17th largest holding. Hiddenite Capital Partners LP owned 0.17% of StoneX Group worth $8,974,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of SNEX. Hennessy Advisors Inc. grew its position in shares of StoneX Group by 383.8% in the third quarter. Hennessy Advisors Inc. now owns 542,800 shares of the company’s stock valued at $54,779,000 after purchasing an additional 430,600 shares during the last quarter. American Century Companies Inc. grew its holdings in StoneX Group by 19.8% in the 2nd quarter. American Century Companies Inc. now owns 2,352,849 shares of the company’s stock valued at $214,439,000 after buying an additional 389,132 shares in the last quarter. Goldentree Asset Management LP bought a new position in StoneX Group during the 2nd quarter worth $32,482,000. JPMorgan Chase & Co. increased its position in StoneX Group by 71.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 612,325 shares of the company’s stock worth $55,807,000 after buying an additional 256,081 shares during the period. Finally, Loomis Sayles & Co. L P bought a new stake in shares of StoneX Group in the second quarter valued at about $13,813,000. 75.93% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of StoneX Group in a research report on Monday, December 29th. Zacks Research downgraded shares of StoneX Group from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, StoneX Group presently has a consensus rating of “Hold”.

Insider Transactions at StoneX Group

In related news, Director John Moore Fowler sold 1,125 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $91.20, for a total value of $102,600.00. Following the sale, the director directly owned 114,769 shares of the company’s stock, valued at $10,466,932.80. This trade represents a 0.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Diego Rotsztain sold 2,477 shares of StoneX Group stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $94.91, for a total value of $235,092.07. Following the completion of the transaction, the insider owned 17,527 shares in the company, valued at approximately $1,663,487.57. This represents a 12.38% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 6,979 shares of company stock valued at $659,070. Corporate insiders own 11.70% of the company’s stock.

StoneX Group Price Performance

Shares of NASDAQ:SNEX opened at $108.30 on Monday. The firm has a 50 day moving average of $94.99 and a 200-day moving average of $95.62. StoneX Group Inc. has a 12 month low of $65.00 and a 12 month high of $110.54. The company has a current ratio of 1.72, a quick ratio of 1.35 and a debt-to-equity ratio of 1.56. The stock has a market capitalization of $5.66 billion, a PE ratio of 18.38 and a beta of 0.46.

StoneX Group (NASDAQ:SNEX) last posted its quarterly earnings results on Monday, November 24th. The company reported $1.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.58 by ($0.01). StoneX Group had a return on equity of 15.27% and a net margin of 0.23%.The firm had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the prior year, the business posted $2.32 EPS. On average, equities research analysts predict that StoneX Group Inc. will post 8.7 EPS for the current fiscal year.

StoneX Group Profile

StoneX Group Inc (NASDAQ: SNEX) is a global financial services firm offering execution, risk management, advisory and post-trade solutions across commodities, currencies, securities and digital assets. The company serves commercial businesses, institutional clients and financial intermediaries, providing market access and tailored services designed to help clients manage price risk, optimize working capital and execute complex transactions.

StoneX operates through several core segments.