StoneX Group (NASDAQ:SNEX) Trading Down 2.4% – Time to Sell?

StoneX Group Inc. (NASDAQ:SNEX)’s share price dropped 2.4% during mid-day trading on Monday . The company traded as low as $74.50 and last traded at $76.32. Approximately 80,904 shares changed hands during mid-day trading, a decline of 65% from the average daily volume of 231,872 shares. The stock had previously closed at $78.22.

StoneX Group Price Performance

The firm’s 50 day moving average price is $75.99 and its two-hundred day moving average price is $66.72. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.77 and a quick ratio of 1.29. The stock has a market cap of $2.52 billion, a PE ratio of 9.38 and a beta of 0.77.

StoneX Group (NASDAQ:SNEX) last released its quarterly 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 net margin of 0.26% and a return on equity of 16.83%. On average, research analysts expect that StoneX Group Inc. will post 8.7 earnings per share for the current year.

Insider Activity

In related news, insider Glenn Henry Stevens sold 22,500 shares of the firm’s stock in a transaction dated 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 $9,185,718.48. This trade represents a 16.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 11.70% of the company’s stock.

Hedge Funds Weigh In On StoneX Group

Several hedge funds and other institutional investors have recently modified their holdings of SNEX. GSA Capital Partners LLP bought a new stake in StoneX Group during the 3rd quarter valued at approximately $248,000. Victory Capital Management Inc. raised its holdings in StoneX Group by 2.7% in the third quarter. Victory Capital Management Inc. now owns 12,834 shares of the company’s stock worth $1,051,000 after purchasing an additional 342 shares in the last quarter. Natixis Advisors LLC raised its holdings in StoneX Group by 6.1% in the third quarter. Natixis Advisors LLC now owns 14,224 shares of the company’s stock worth $1,165,000 after purchasing an additional 816 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in StoneX Group by 299.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 21,894 shares of the company’s stock valued at $1,793,000 after buying an additional 16,408 shares during the period. Finally, Intech Investment Management LLC boosted its holdings in shares of StoneX Group by 53.9% during the 3rd quarter. Intech Investment Management LLC now owns 9,061 shares of the company’s stock valued at $742,000 after buying an additional 3,173 shares in the last quarter. Hedge funds and other institutional investors own 75.93% 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.