Riverwater Partners LLC Takes $2.35 Million Position in StoneX Group Inc. (NASDAQ:SNEX)

Riverwater Partners LLC bought a new position in StoneX Group Inc. (NASDAQ:SNEX) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 28,798 shares of the company’s stock, valued at approximately $2,346,000. StoneX Group comprises approximately 1.2% of Riverwater Partners LLC’s portfolio, making the stock its 17th largest position. Riverwater Partners LLC owned approximately 0.09% of StoneX Group as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of SNEX. Quest Partners LLC boosted its holdings in shares of StoneX Group by 9,133.3% in the 2nd quarter. Quest Partners LLC now owns 554 shares of the company’s stock valued at $42,000 after purchasing an additional 548 shares during the last quarter. nVerses Capital LLC purchased a new position in shares of StoneX Group in the 2nd quarter worth $68,000. Daiwa Securities Group Inc. acquired a new position in StoneX Group in the first quarter valued at $120,000. Denali Advisors LLC grew its position in StoneX Group by 6,755.9% during the first quarter. Denali Advisors LLC now owns 2,331 shares of the company’s stock valued at $164,000 after acquiring an additional 2,297 shares during the period. Finally, Evergreen Capital Management LLC acquired a new stake in StoneX Group during the second quarter worth about $201,000. 75.93% of the stock is currently owned by hedge funds and other institutional investors.

StoneX Group Stock Performance

NASDAQ SNEX opened at $84.80 on Thursday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.64 and a quick ratio of 1.20. StoneX Group Inc. has a 1-year low of $57.46 and a 1-year high of $88.80. The firm has a market capitalization of $2.69 billion, a P/E ratio of 11.31 and a beta of 0.76. The business’s 50-day simple moving average is $82.18 and its 200-day simple moving average is $77.16.

StoneX Group (NASDAQ:SNEX) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.13. StoneX Group had a net margin of 0.27% and a return on equity of 15.89%. The firm had revenue of $913.70 million for the quarter, compared to analysts’ expectations of $817.80 million. Equities analysts predict that StoneX Group Inc. will post 7.75 EPS for the current year.

Insider Buying and Selling

In other news, CEO Philip Andrew Smith sold 4,000 shares of the company’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $75.89, for a total value of $303,560.00. Following the completion of the sale, the chief executive officer now owns 221,898 shares of the company’s stock, valued at $16,839,839.22. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 16.24% of the stock is owned by corporate insiders.

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.