Quest Partners LLC Purchases 6,580 Shares of StoneX Group Inc. (NASDAQ:SNEX)

Quest Partners LLC increased its position in shares of StoneX Group Inc. (NASDAQ:SNEX) by 1,187.7% in the third quarter, Holdings Channel reports. The institutional investor owned 7,134 shares of the company’s stock after buying an additional 6,580 shares during the period. Quest Partners LLC’s holdings in StoneX Group were worth $584,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of SNEX. Huntington National Bank grew its stake in shares of StoneX Group by 1,906.9% during the 3rd quarter. Huntington National Bank now owns 582 shares of the company’s stock worth $48,000 after acquiring an additional 553 shares in the last quarter. nVerses Capital LLC bought a new position in StoneX Group in the second quarter valued at $68,000. Evergreen Capital Management LLC bought a new stake in StoneX Group during the 2nd quarter worth about $201,000. Sawgrass Asset Management LLC acquired a new position in shares of StoneX Group during the 2nd quarter worth about $211,000. Finally, Cadent Capital Advisors LLC bought a new position in shares of StoneX Group in the 3rd quarter valued at about $212,000. Institutional investors and hedge funds own 75.93% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Sean Michael Oconnor sold 37,500 shares of StoneX Group stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $98.42, for a total value of $3,690,750.00. Following the completion of the transaction, the chief executive officer now owns 506,994 shares of the company’s stock, valued at $49,898,349.48. This trade represents a 6.89 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 16.24% of the company’s stock.

StoneX Group Stock Performance

SNEX opened at $102.45 on Friday. The business’s 50-day simple moving average is $88.85 and its 200 day simple moving average is $81.09. StoneX Group Inc. has a 52-week low of $59.28 and a 52-week high of $104.57. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.20 and a current ratio of 1.64. The firm has a market capitalization of $3.26 billion, a PE ratio of 12.87 and a beta of 0.75.

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.