Longboard Asset Management LP Makes New Investment in StoneX Group Inc. (NASDAQ:SNEX)

Longboard Asset Management LP bought a new position in StoneX Group Inc. (NASDAQ:SNEX) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,064 shares of the company’s stock, valued at approximately $202,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Hohimer Wealth Management LLC increased its position in StoneX Group by 2.1% in the third quarter. Hohimer Wealth Management LLC now owns 6,778 shares of the company’s stock worth $555,000 after buying an additional 137 shares during the period. State of Alaska Department of Revenue grew its stake in shares of StoneX Group by 0.9% in the third quarter. State of Alaska Department of Revenue now owns 16,146 shares of the company’s stock worth $1,322,000 after purchasing an additional 145 shares in the last quarter. Freedom Investment Management Inc. grew its stake in shares of StoneX Group by 2.3% in the third quarter. Freedom Investment Management Inc. now owns 7,051 shares of the company’s stock worth $577,000 after purchasing an additional 160 shares in the last quarter. Sheets Smith Wealth Management grew its stake in shares of StoneX Group by 4.3% in the fourth quarter. Sheets Smith Wealth Management now owns 5,495 shares of the company’s stock worth $538,000 after purchasing an additional 227 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of 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. 75.93% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at StoneX Group

In related news, Director John Moore Fowler sold 1,800 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $100.14, for a total transaction of $180,252.00. Following the completion of the transaction, the director now owns 81,375 shares of the company’s stock, valued at $8,148,892.50. This trade represents a 2.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 11.70% of the company’s stock.

StoneX Group Trading Down 0.5 %

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

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.