Freedom (NASDAQ:FRHC) Hits New 1-Year High – What’s Next?

Freedom Holding Corp. (NASDAQ:FRHC) shares hit a new 52-week high on Wednesday . The stock traded as high as $139.50 and last traded at $139.53, with a volume of 17465 shares traded. The stock had previously closed at $138.97.

Freedom Trading Up 1.6 %

The stock has a market capitalization of $8.60 billion, a P/E ratio of 25.01 and a beta of 1.01. The stock’s 50 day moving average price is $129.06 and its 200-day moving average price is $107.46. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.24.

Freedom (NASDAQ:FRHC) last posted its earnings results on Friday, November 8th. The company reported $1.89 earnings per share for the quarter. Freedom had a return on equity of 29.48% and a net margin of 17.79%. The company had revenue of $580.90 million during the quarter.

Insider Activity at Freedom

In related news, insider Kairat Bakibayevich Akhmetov sold 600 shares of the stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $119.80, for a total transaction of $71,880.00. Following the completion of the sale, the insider now owns 139,400 shares of the company’s stock, valued at $16,700,120. This represents a 0.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Azamat Yerdessov sold 7,521 shares of Freedom stock in a transaction on Monday, November 18th. The stock was sold at an average price of $116.52, for a total transaction of $876,346.92. Following the completion of the transaction, the insider now directly owns 90,817 shares in the company, valued at $10,581,996.84. This represents a 7.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 16,271 shares of company stock valued at $1,922,417 over the last quarter. 70.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Marshall Wace LLP acquired a new position in Freedom during the 2nd quarter valued at approximately $618,000. Algert Global LLC grew its holdings in shares of Freedom by 44.0% during the second quarter. Algert Global LLC now owns 5,905 shares of the company’s stock valued at $445,000 after buying an additional 1,805 shares during the last quarter. Handelsbanken Fonder AB increased its position in shares of Freedom by 15.6% in the 3rd quarter. Handelsbanken Fonder AB now owns 3,700 shares of the company’s stock valued at $351,000 after acquiring an additional 500 shares during the period. Victory Capital Management Inc. purchased a new position in Freedom in the 3rd quarter worth $213,000. Finally, Verition Fund Management LLC acquired a new stake in Freedom during the 3rd quarter worth about $400,000. 1.26% of the stock is owned by institutional investors and hedge funds.

Freedom Company Profile

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.