StoneX Group Inc. (NASDAQ:SNEX) Short Interest Update

StoneX Group Inc. (NASDAQ:SNEX - Get Free Report) was the target of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 1,200,000 shares, an increase of 76.1% from the February 28th total of 681,400 shares. Based on an average trading volume of 371,300 shares, the short-interest ratio is presently 3.2 days. Currently, 4.2% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Separately, William Blair assumed coverage on shares of StoneX Group in a report on Wednesday, March 26th. They issued an "outperform" rating for the company.

Insiders Place Their Bets

In other StoneX Group news, insider Glenn Henry Stevens sold 22,500 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $78.55, for a total value of $1,767,300.00. Following the sale, the insider now directly owns 116,946 shares of the company's stock, valued at approximately $9,185,718.48. This trade represents a 16.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 11.70% of the company's stock.

Remove Ads

Institutional Investors Weigh In On StoneX Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in SNEX. Wealth Enhancement Advisory Services LLC lifted its stake in shares of StoneX Group by 16.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,024 shares of the company's stock worth $492,000 after buying an additional 711 shares in the last quarter. Jefferies Financial Group Inc. lifted its stake in StoneX Group by 1,386.1% in the 4th quarter. Jefferies Financial Group Inc. now owns 37,300 shares of the company's stock worth $3,654,000 after purchasing an additional 34,790 shares in the last quarter. Mackenzie Financial Corp acquired a new position in shares of StoneX Group during the 4th quarter worth approximately $312,000. Ashford Capital Management Inc. grew its position in shares of StoneX Group by 4.7% in the fourth quarter. Ashford Capital Management Inc. now owns 293,350 shares of the company's stock valued at $28,740,000 after purchasing an additional 13,120 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of StoneX Group by 24.6% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 69,052 shares of the company's stock valued at $6,765,000 after purchasing an additional 13,614 shares during the last quarter. Institutional investors and hedge funds own 75.93% of the company's stock.

StoneX Group Price Performance

Shares of SNEX traded up $1.78 during mid-day trading on Wednesday, hitting $78.25. 125,926 shares of the company were exchanged, compared to its average volume of 374,355. The stock has a market cap of $3.77 billion, a price-to-earnings ratio of 9.35 and a beta of 0.77. StoneX Group has a 1-year low of $42.69 and a 1-year high of $85.49. The company has a 50 day moving average of $77.22 and a 200-day moving average of $68.00. 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 (NASDAQ:SNEX - Get Free Report) last announced its earnings results on Wednesday, February 5th. The company reported $1.69 EPS for the quarter, beating analysts' consensus estimates of $1.43 by $0.26. StoneX Group had a return on equity of 16.83% and a net margin of 0.26%. Analysts expect that StoneX Group will post 8.7 EPS for the current fiscal year.

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.