StoneX Group Inc. (NASDAQ:SNEX) Short Interest Down 15.8% in March

StoneX Group Inc. (NASDAQ:SNEX - Get Free Report) was the recipient of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 1,010,000 shares, a decrease of 15.8% from the March 15th total of 1,200,000 shares. Based on an average trading volume of 395,900 shares, the short-interest ratio is currently 2.6 days. Approximately 3.6% of the shares of the stock are sold short.

StoneX Group Trading Down 1.5 %

Shares of NASDAQ:SNEX traded down $1.23 during midday trading on Monday, reaching $79.06. The company's stock had a trading volume of 27,086 shares, compared to its average volume of 384,413. The company has a quick ratio of 1.29, a current ratio of 1.77 and a debt-to-equity ratio of 1.33. The firm has a market cap of $3.80 billion, a price-to-earnings ratio of 9.45 and a beta of 0.65. The business has a 50 day moving average price of $77.47 and a 200 day moving average price of $70.08. StoneX Group has a 1 year low of $44.40 and a 1 year high of $85.49.

StoneX Group (NASDAQ:SNEX - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $1.69 EPS for the quarter, topping the consensus estimate of $1.43 by $0.26. StoneX Group had a net margin of 0.26% and a return on equity of 16.83%. Research analysts forecast that StoneX Group will post 8.7 EPS for the current year.

Insider Buying and Selling

In other news, CEO Philip Andrew Smith sold 9,000 shares of the business's stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $69.56, for a total transaction of $626,040.00. Following the sale, the chief executive officer now owns 342,711 shares of the company's stock, valued at $23,838,977.16. The trade was a 2.56 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Glenn Henry Stevens sold 22,500 shares of StoneX Group stock in a transaction 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 transaction, the insider now directly owns 116,946 shares of the company's stock, valued at $9,185,718.48. This trade represents a 16.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 35,947 shares of company stock valued at $2,749,411 over the last quarter. Company insiders own 11.70% of the company's stock.

Hedge Funds Weigh In On StoneX Group

A number of large investors have recently modified their holdings of SNEX. Summit Investment Advisors Inc. raised its stake in shares of StoneX Group by 4.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 2,895 shares of the company's stock valued at $284,000 after acquiring an additional 119 shares during the period. Illinois Municipal Retirement Fund raised its holdings in shares of StoneX Group by 0.9% during the 4th quarter. Illinois Municipal Retirement Fund now owns 15,232 shares of the company's stock valued at $1,492,000 after buying an additional 132 shares during the period. Focus Partners Wealth lifted its position in shares of StoneX Group by 2.1% during the fourth quarter. Focus Partners Wealth now owns 8,109 shares of the company's stock worth $794,000 after purchasing an additional 164 shares in the last quarter. MRP Capital Investments LLC grew its holdings in StoneX Group by 1.0% during the 4th quarter. MRP Capital Investments LLC now owns 17,391 shares of the company's stock valued at $1,704,000 after purchasing an additional 175 shares in the last quarter. Finally, Sheets Smith Wealth Management boosted its position in StoneX Group by 4.3% in the 4th quarter. Sheets Smith Wealth Management now owns 5,495 shares of the company's stock valued at $538,000 after buying an additional 227 shares during the last quarter. 75.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

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.

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