Inspire Investing LLC Takes $856,000 Position in StoneX Group Inc. (NASDAQ:SNEX)

Inspire Investing LLC purchased a new position in shares of StoneX Group Inc. (NASDAQ:SNEX) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,736 shares of the company’s stock, valued at approximately $856,000.

Several other hedge funds have also recently modified their holdings of the stock. Sheets Smith Wealth Management raised its position in StoneX Group by 4.3% during the 4th quarter. Sheets Smith Wealth Management now owns 5,495 shares of the company’s stock worth $538,000 after buying an additional 227 shares during the last quarter. Atomi Financial Group Inc. increased its stake in shares of StoneX Group by 43.2% during the fourth 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 during the period. Crossmark Global Holdings Inc. purchased a new position in StoneX Group during the fourth quarter worth about $219,000. USA Financial Formulas purchased a new position in StoneX Group during the fourth quarter worth about $129,000. Finally, Harbor Capital Advisors Inc. lifted its position in StoneX Group by 2.3% in the fourth quarter. Harbor Capital Advisors Inc. now owns 318,125 shares of the company’s stock valued at $31,167,000 after purchasing an additional 7,037 shares during the period. 75.93% of the stock is owned by institutional investors and hedge funds.

StoneX Group Stock Performance

NASDAQ SNEX opened at $108.90 on Friday. The company has a current ratio of 1.81, a quick ratio of 1.30 and a debt-to-equity ratio of 1.26. The business’s 50 day moving average is $101.08 and its two-hundred day moving average is $89.29. The stock has a market capitalization of $3.48 billion, a price-to-earnings ratio of 13.68 and a beta of 0.77. StoneX Group Inc. has a 12-month low of $61.68 and a 12-month high of $110.96.

Insider Buying and Selling

In other news, Director John Moore Fowler sold 1,800 shares of StoneX Group stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $100.14, for a total transaction of $180,252.00. Following the completion of the sale, the director now directly owns 81,375 shares in the company, valued at approximately $8,148,892.50. This trade represents a 2.16 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sean Michael Oconnor sold 37,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $98.42, for a total value of $3,690,750.00. Following the completion of the sale, the chief executive officer now owns 506,994 shares in the company, valued at approximately $49,898,349.48. This represents a 6.89 % decrease in their position. The disclosure for this sale can be found here. 16.24% of the stock is currently owned by corporate insiders.

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.