Freedom (NASDAQ:FRHC) Sets New 12-Month High – Should You Buy?

Freedom Holding Corp. (NASDAQ:FRHC) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $134.00 and last traded at $131.79, with a volume of 31993 shares changing hands. The stock had previously closed at $133.55.

Freedom Stock Performance

The stock has a market capitalization of $7.61 billion, a price-to-earnings ratio of 22.14 and a beta of 1.02. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.24. The company has a 50 day simple moving average of $114.94 and a 200-day simple moving average of $95.99.

Insider Activity at Freedom

In other news, insider Kairat Bakibayevich Akhmetov sold 5,500 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $120.44, for a total value of $662,420.00. Following the completion of the sale, the insider now directly owns 133,900 shares of the company’s stock, valued at $16,126,916. This represents a 3.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Azamat Yerdessov sold 7,521 shares of Freedom stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $116.52, for a total value of $876,346.92. Following the transaction, the insider now directly owns 90,817 shares in the company, valued at approximately $10,581,996.84. The trade was a 7.65 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 16,271 shares of company stock valued at $1,922,417 in the last three months. Corporate insiders own 70.40% of the company’s stock.

Hedge Funds Weigh In On Freedom

Hedge funds have recently modified their holdings of the company. Barclays PLC grew its position in shares of Freedom by 1,263.2% during the 3rd quarter. Barclays PLC now owns 4,144 shares of the company’s stock valued at $393,000 after acquiring an additional 3,840 shares during the period. Geode Capital Management LLC increased its position in Freedom by 1.5% in the third quarter. Geode Capital Management LLC now owns 53,338 shares of the company’s stock worth $5,054,000 after buying an additional 811 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Freedom in the third quarter valued at $206,000. State Street Corp lifted its position in shares of Freedom by 19.0% during the 3rd quarter. State Street Corp now owns 45,155 shares of the company’s stock valued at $4,279,000 after buying an additional 7,207 shares during the last quarter. Finally, Verition Fund Management LLC purchased a new position in shares of Freedom during the 3rd quarter valued at $400,000. Institutional investors own 1.26% of the company’s stock.

About Freedom

Freedom Holding Corp., through its subsidiaries, provides securities brokerage, securities dealing, market making, investment research, investment counseling, and investment banking services. It offers retail brokerage services for exchange-traded and over-the-counter corporate equity and debt securities, money market instruments, exchange traded options and futures contracts, government bonds, and mutual funds; securities trading; underwriting services; margin lending services collateralized by securities and cash in the customer’s account; various investment education and training courses; investment research services; and commercial banking services, including payment cards, digital mortgages, and digital business and digital auto loans, as well as Freedom Box, a package of payment acquiring services.