Phocas Financial Corp. Sells 2,708 Shares of StoneX Group Inc. (NASDAQ:SNEX)

Phocas Financial Corp. cut its stake in shares of StoneX Group Inc. (NASDAQ:SNEX) by 5.8% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 44,203 shares of the company’s stock after selling 2,708 shares during the quarter. Phocas Financial Corp.’s holdings in StoneX Group were worth $3,619,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. State of Alaska Department of Revenue lifted 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 acquiring an additional 145 shares during the period. SummerHaven Investment Management LLC increased its position in shares of StoneX Group by 1.6% during the second quarter. SummerHaven Investment Management LLC now owns 12,699 shares of the company’s stock worth $956,000 after buying an additional 199 shares during the period. Arizona State Retirement System raised its stake in StoneX Group by 3.0% during the second quarter. Arizona State Retirement System now owns 7,949 shares of the company’s stock worth $599,000 after buying an additional 234 shares during the last quarter. Louisiana State Employees Retirement System lifted its holdings in StoneX Group by 2.2% in the second quarter. Louisiana State Employees Retirement System now owns 13,700 shares of the company’s stock valued at $1,032,000 after buying an additional 300 shares during the period. Finally, Millington Financial Advisors LLC boosted its position in StoneX Group by 1.5% during the second quarter. Millington Financial Advisors LLC now owns 21,860 shares of the company’s stock valued at $1,646,000 after acquiring an additional 331 shares during the last quarter. Institutional investors and hedge funds own 75.93% of the company’s stock.

Insider Buying and Selling

In other StoneX Group news, CEO Sean Michael Oconnor sold 37,500 shares of StoneX Group stock in a transaction on 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 sale, the chief executive officer now directly owns 506,994 shares of the company’s stock, valued at approximately $49,898,349.48. The trade was a 6.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 16.24% of the stock is currently owned by insiders.

StoneX Group Stock Performance

SNEX stock opened at $97.21 on Tuesday. The firm has a market cap of $3.09 billion, a PE ratio of 13.48 and a beta of 0.75. 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 stock has a 50-day moving average price of $87.04 and a 200-day moving average price of $80.44. StoneX Group Inc. has a 1-year low of $59.07 and a 1-year high of $101.61.

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.