Van Berkom & Associates Inc. Purchases 56,740 Shares of INTL Fcstone Inc (NASDAQ:INTL)
Van Berkom & Associates Inc. lifted its position in shares of INTL Fcstone Inc (NASDAQ:INTL) by 3.2% in the second quarter, HoldingsChannel.com reports. The fund owned 1,803,223 shares of the financial services provider’s stock after buying an additional 56,740 shares during the period. INTL Fcstone comprises approximately 2.1% of Van Berkom & Associates Inc.’s portfolio, making the stock its 21st biggest holding. Van Berkom & Associates Inc. owned about 0.09% of INTL Fcstone worth $71,390,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of INTL. Marshall Wace North America L.P. bought a new stake in shares of INTL Fcstone during the 1st quarter worth approximately $40,000. Bank of Montreal Can lifted its stake in INTL Fcstone by 133.5% in the 2nd quarter. Bank of Montreal Can now owns 1,994 shares of the financial services provider’s stock valued at $78,000 after purchasing an additional 1,140 shares during the last quarter. BNP Paribas Arbitrage SA lifted its stake in INTL Fcstone by 300.4% in the 1st quarter. BNP Paribas Arbitrage SA now owns 3,243 shares of the financial services provider’s stock valued at $126,000 after purchasing an additional 2,433 shares during the last quarter. Colony Group LLC bought a new position in INTL Fcstone in the 2nd quarter valued at approximately $206,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in INTL Fcstone in the 1st quarter valued at approximately $213,000. 71.46% of the stock is owned by institutional investors.
NASDAQ:INTL traded down $0.82 on Wednesday, hitting $43.12. The company had a trading volume of 2,376 shares, compared to its average volume of 62,018. The stock has a market capitalization of $845.70 million, a price-to-earnings ratio of 11.64 and a beta of 1.67. The company has a current ratio of 1.91, a quick ratio of 1.37 and a debt-to-equity ratio of 2.47. The firm has a 50 day moving average of $39.08 and a two-hundred day moving average of $38.83. INTL Fcstone Inc has a 52 week low of $34.10 and a 52 week high of $53.92.
In related news, CEO Philip Andrew Smith sold 6,067 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $38.20, for a total value of $231,759.40. Following the completion of the transaction, the chief executive officer now owns 118,802 shares of the company’s stock, valued at approximately $4,538,236.40. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Scott J. Branch acquired 10,853 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The stock was bought at an average cost of $36.92 per share, with a total value of $400,692.76. Following the purchase, the director now owns 500,122 shares in the company, valued at $18,464,504.24. The disclosure for this purchase can be found here. In the last three months, insiders sold 11,131 shares of company stock valued at $442,813. 18.65% of the stock is owned by insiders.
Separately, BidaskClub raised shares of INTL Fcstone from a “sell” rating to a “hold” rating in a research note on Thursday, September 12th.
INTL Fcstone Profile
INTL FCStone Inc operates as a financial services company worldwide. The company's Commercial Hedging segment offers risk management consulting services related to agricultural and energy commodities, and base metal products listed on the London Metals Exchange. Its Global Payments segment provides payment solutions to banks and commercial businesses; and charities and non-governmental organizations, and government organizations.
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