Hennessy Advisors Inc. Cuts Stock Position in StoneX Group Inc. (NASDAQ:SNEX)

Hennessy Advisors Inc. lessened its holdings in StoneX Group Inc. (NASDAQ:SNEX) by 36.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,250 shares of the company’s stock after selling 16,500 shares during the quarter. Hennessy Advisors Inc. owned 0.09% of StoneX Group worth $2,055,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Rhumbline Advisers increased its holdings in StoneX Group by 0.6% during the third quarter. Rhumbline Advisers now owns 58,605 shares of the company’s stock worth $5,680,000 after buying an additional 378 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of StoneX Group by 367.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 45,545 shares of the company’s stock worth $4,414,000 after purchasing an additional 35,803 shares during the period. Northern Trust Corp lifted its stake in StoneX Group by 0.6% in the third quarter. Northern Trust Corp now owns 230,241 shares of the company’s stock valued at $22,315,000 after purchasing an additional 1,366 shares during the last quarter. Trexquant Investment LP bought a new position in StoneX Group during the third quarter valued at $748,000. Finally, Quadrature Capital Ltd bought a new position in StoneX Group during the third quarter valued at $1,219,000. 75.93% of the stock is owned by hedge funds and other institutional investors.

StoneX Group Stock Performance

Shares of SNEX traded up $1.25 during mid-day trading on Friday, hitting $74.75. The stock had a trading volume of 52,764 shares, compared to its average volume of 126,023. The business has a fifty day moving average price of $73.45 and a 200-day moving average price of $69.79. StoneX Group Inc. has a 52 week low of $53.89 and a 52 week high of $80.00. The firm has a market cap of $2.37 billion, a P/E ratio of 9.83 and a beta of 0.80. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.61 and a quick ratio of 1.20.

StoneX Group (NASDAQ:SNEX) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.61 by $0.05. The firm had revenue of $818.20 million during the quarter, compared to the consensus estimate of $788.30 million. StoneX Group had a net margin of 0.33% and a return on equity of 17.29%. On average, equities research analysts expect that StoneX Group Inc. will post 7.4 EPS for the current year.

Insider Transactions at StoneX Group

In related news, COO Xuong Nguyen sold 19,988 shares of the firm’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $75.04, for a total transaction of $1,499,899.52. Following the transaction, the chief operating officer now directly owns 60,816 shares of the company’s stock, valued at approximately $4,563,632.64. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, COO Xuong Nguyen sold 19,988 shares of the stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $75.04, for a total transaction of $1,499,899.52. Following the completion of the sale, the chief operating officer now owns 60,816 shares of the company’s stock, valued at $4,563,632.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director John Moore Fowler sold 600 shares of StoneX Group stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $75.34, for a total transaction of $45,204.00. Following the completion of the sale, the director now owns 83,462 shares in the company, valued at approximately $6,288,027.08. The disclosure for this sale can be found here. In the last ninety days, insiders sold 45,868 shares of company stock valued at $3,448,851. 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.