Longboard Asset Management LP Purchases New Shares in StoneX Group Inc. (NASDAQ:SNEX)

Longboard Asset Management LP purchased a new stake in StoneX Group Inc. (NASDAQ:SNEX) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 2,064 shares of the company’s stock, valued at approximately $202,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. KBC Group NV boosted its position in shares of StoneX Group by 39.0% in the 4th quarter. KBC Group NV now owns 1,309 shares of the company’s stock valued at $128,000 after purchasing an additional 367 shares during the period. Inspire Investing LLC acquired a new position in shares of StoneX Group in the 4th quarter valued at $856,000. Sheets Smith Wealth Management lifted its stake in StoneX Group by 4.3% in the 4th quarter. Sheets Smith Wealth Management now owns 5,495 shares of the company’s stock worth $538,000 after acquiring an additional 227 shares in the last quarter. Atomi Financial Group Inc. lifted its stake in StoneX Group by 43.2% in the 4th quarter. Atomi Financial Group Inc. now owns 3,966 shares of the company’s stock worth $389,000 after acquiring an additional 1,197 shares in the last quarter. Finally, Crossmark Global Holdings Inc. purchased a new stake in StoneX Group in the 4th quarter worth about $219,000. Institutional investors and hedge funds own 75.93% of the company’s stock.

Insider Buying and Selling

In related news, Director John Moore Fowler sold 1,800 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $100.14, for a total value of $180,252.00. Following the completion of the sale, the director now directly owns 81,375 shares of the company’s stock, valued at approximately $8,148,892.50. This represents a 2.16 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 11.70% of the company’s stock.

StoneX Group Stock Down 0.5 %

Shares of StoneX Group stock opened at $108.37 on Wednesday. The stock has a 50-day moving average price of $102.54 and a 200 day moving average price of $91.12. The company has a market cap of $3.47 billion, a P/E ratio of 13.61 and a beta of 0.78. The company has a current ratio of 1.81, a quick ratio of 1.30 and a debt-to-equity ratio of 1.26. StoneX Group Inc. has a 1 year low of $61.68 and a 1 year high of $111.30.

StoneX Group 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.