Short Interest in StoneX Group Inc. (NASDAQ:SNEX) Rises By 29.8%

StoneX Group Inc. (NASDAQ:SNEX) was the target of a significant increase in short interest in the month of June. As of June 15th, there was short interest totalling 271,500 shares, an increase of 29.8% from the May 31st total of 209,100 shares. Based on an average daily trading volume, of 130,100 shares, the short-interest ratio is currently 2.1 days.

Insider Activity at StoneX Group

In other news, insider Diego Rotsztain sold 5,382 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $70.63, for a total transaction of $380,130.66. Following the sale, the insider now directly owns 23,078 shares in the company, valued at $1,629,999.14. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider Diego Rotsztain sold 5,382 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $70.63, for a total value of $380,130.66. Following the sale, the insider now directly owns 23,078 shares in the company, valued at approximately $1,629,999.14. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John Moore Fowler sold 600 shares of the stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $75.34, for a total transaction of $45,204.00. Following the sale, the director now owns 83,462 shares of the company’s stock, valued at approximately $6,288,027.08. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 45,868 shares of company stock worth $3,448,851. Company insiders own 16.24% of the company’s stock.

Institutional Investors Weigh In On StoneX Group

Institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of StoneX Group by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 1,909,965 shares of the company’s stock valued at $134,194,000 after acquiring an additional 34,112 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in StoneX Group by 53.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,406,553 shares of the company’s stock valued at $103,845,000 after purchasing an additional 489,359 shares in the last quarter. Private Capital Management LLC boosted its position in shares of StoneX Group by 50.9% during the fourth quarter. Private Capital Management LLC now owns 555,572 shares of the company’s stock worth $41,018,000 after purchasing an additional 187,349 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of StoneX Group by 0.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 450,770 shares of the company’s stock valued at $31,672,000 after buying an additional 1,508 shares during the period. Finally, Boston Partners increased its position in shares of StoneX Group by 45.2% in the 4th quarter. Boston Partners now owns 286,561 shares of the company’s stock valued at $20,689,000 after buying an additional 89,272 shares in the last quarter. 75.93% of the stock is owned by institutional investors.

StoneX Group Price Performance

NASDAQ:SNEX traded up $1.81 during mid-day trading on Friday, reaching $75.31. 450,892 shares of the company were exchanged, compared to its average volume of 126,987. StoneX Group has a 12 month low of $53.89 and a 12 month high of $80.00. The stock has a market cap of $2.39 billion, a PE ratio of 10.04 and a beta of 0.80. The company has a quick ratio of 1.20, a current ratio of 1.61 and a debt-to-equity ratio of 1.52. The company has a fifty day moving average of $73.62 and a 200 day moving average of $69.86.

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

About StoneX Group

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.