Navellier & Associates Inc. Sells 1,702 Shares of StoneX Group Inc. (NASDAQ:SNEX)

Navellier & Associates Inc. lessened its position in shares of StoneX Group Inc. (NASDAQ:SNEX) by 21.7% in the third quarter, HoldingsChannel.com reports. The fund owned 6,124 shares of the company’s stock after selling 1,702 shares during the period. Navellier & Associates Inc.’s holdings in StoneX Group were worth $501,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Quest Partners LLC lifted its stake in StoneX Group by 9,133.3% during the second quarter. Quest Partners LLC now owns 554 shares of the company’s stock worth $42,000 after purchasing an additional 548 shares during the last quarter. Huntington National Bank boosted its stake in StoneX Group by 1,906.9% in the third quarter. Huntington National Bank now owns 582 shares of the company’s stock valued at $48,000 after buying an additional 553 shares in the last quarter. nVerses Capital LLC bought a new position in StoneX Group in the second quarter valued at about $68,000. Evergreen Capital Management LLC bought a new position in StoneX Group in the second quarter valued at about $201,000. Finally, Sawgrass Asset Management LLC bought a new position in shares of StoneX Group in the second quarter worth about $211,000. Institutional investors and hedge funds own 75.93% of the company’s stock.

Insider Buying and Selling at StoneX Group

In other StoneX Group news, CEO Sean Michael Oconnor sold 37,500 shares of the stock in a transaction dated 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 transaction, the chief executive officer now directly owns 506,994 shares in the company, valued at approximately $49,898,349.48. This trade represents a 6.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 16.24% of the company’s stock.

StoneX Group Trading Down 0.3 %

SNEX opened at $102.42 on Friday. The company’s 50 day moving average is $88.41 and its 200-day moving average is $80.91. The company has a market cap of $3.26 billion, a P/E ratio of 12.87 and a beta of 0.75. StoneX Group Inc. has a 1-year low of $59.07 and a 1-year high of $104.57. The company has a current ratio of 1.64, a quick ratio of 1.20 and a debt-to-equity ratio of 1.04.

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.