BayBridge Capital Group LLC Invests $493,000 in StoneX Group Inc. (NASDAQ:SNEX)

BayBridge Capital Group LLC acquired a new position in StoneX Group Inc. (NASDAQ:SNEX) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,020 shares of the company’s stock, valued at approximately $493,000.

A number of other large investors have also made changes to their positions in SNEX. Quest Partners LLC increased its stake in 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 in the last quarter. nVerses Capital LLC acquired a new stake in StoneX Group in the second quarter valued at $68,000. Daiwa Securities Group Inc. purchased a new position in shares of StoneX Group in the first quarter valued at $120,000. Denali Advisors LLC raised its stake in shares of StoneX Group by 6,755.9% during the 1st quarter. Denali Advisors LLC now owns 2,331 shares of the company’s stock worth $164,000 after buying an additional 2,297 shares during the last quarter. Finally, Cadent Capital Advisors LLC purchased a new stake in shares of StoneX Group in the 3rd quarter worth about $212,000. Hedge funds and other institutional investors own 75.93% of the company’s stock.

StoneX Group Price Performance

Shares of NASDAQ SNEX opened at $85.63 on Friday. The company has a current ratio of 1.64, a quick ratio of 1.20 and a debt-to-equity ratio of 1.04. The company’s 50-day moving average price is $82.52 and its 200 day moving average price is $77.40. StoneX Group Inc. has a 52 week low of $59.07 and a 52 week high of $88.80. The stock has a market cap of $2.72 billion, a price-to-earnings ratio of 11.87 and a beta of 0.76.

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

Insiders Place Their Bets

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

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.