Ashford Capital Management Inc. Sells 23,745 Shares of StoneX Group Inc. (NASDAQ:SNEX)

Ashford Capital Management Inc. cut its holdings in shares of StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 7.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 280,230 shares of the company's stock after selling 23,745 shares during the quarter. StoneX Group comprises 2.9% of Ashford Capital Management Inc.'s portfolio, making the stock its 12th biggest holding. Ashford Capital Management Inc. owned 0.88% of StoneX Group worth $22,945,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Quest Partners LLC raised its position in shares of StoneX Group by 9,133.3% in the second quarter. Quest Partners LLC now owns 554 shares of the company's stock valued at $42,000 after purchasing an additional 548 shares during the period. Huntington National Bank boosted its holdings in shares of StoneX Group by 1,906.9% during the third quarter. Huntington National Bank now owns 582 shares of the company's stock worth $48,000 after acquiring an additional 553 shares during the period. nVerses Capital LLC acquired a new position in shares of StoneX Group in the second quarter valued at approximately $68,000. Cadent Capital Advisors LLC acquired a new stake in StoneX Group during the 3rd quarter worth approximately $212,000. Finally, Evergreen Capital Management LLC bought a new stake in StoneX Group in the 2nd quarter valued at $201,000. Institutional investors own 75.93% of the company's stock.

StoneX Group Stock Performance

NASDAQ SNEX traded down $1.01 on Tuesday, reaching $102.19. The stock had a trading volume of 133,885 shares, compared to its average volume of 134,541. StoneX Group Inc. has a 1-year low of $61.68 and a 1-year high of $106.77. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.81 and a quick ratio of 1.30. The company has a market cap of $3.26 billion, a P/E ratio of 12.90 and a beta of 0.78. The firm has a fifty day moving average of $93.59 and a two-hundred day moving average of $83.35.

Insiders Place Their Bets

In related news, CEO Sean Michael Oconnor sold 37,500 shares of StoneX Group stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $98.42, for a total value of $3,690,750.00. Following the transaction, the chief executive officer now directly owns 506,994 shares of the company's stock, valued at $49,898,349.48. This trade represents a 6.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John Moore Fowler sold 1,800 shares of the company's stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $100.14, for a total value of $180,252.00. Following the sale, the director now owns 81,375 shares of the company's stock, valued at $8,148,892.50. The trade was a 2.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 16.24% of the company's stock.

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.