Freedom (NASDAQ:FRHC) Trading 6.3% Higher – What’s Next?

Freedom Holding Corp. (NASDAQ:FRHC) shares shot up 6.3% during mid-day trading on Friday . The stock traded as high as $158.33 and last traded at $159.01. 91,555 shares changed hands during mid-day trading, an increase of 6% from the average session volume of 86,080 shares. The stock had previously closed at $149.61.

Freedom Trading Up 5.3 %

The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.24. The business has a 50 day moving average of $132.17 and a 200-day moving average of $109.88. The firm has a market capitalization of $9.55 billion, a P/E ratio of 27.79 and a beta of 1.01.

Freedom (NASDAQ:FRHC) last posted its quarterly earnings data on Friday, February 7th. The company reported $1.29 EPS for the quarter. Freedom had a net margin of 17.79% and a return on equity of 29.48%.

Insider Activity at Freedom

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

Institutional Investors Weigh In On Freedom

Institutional investors have recently modified their holdings of the business. Jane Street Group LLC acquired a new position in Freedom in the third quarter valued at about $206,000. Victory Capital Management Inc. bought a new stake in shares of Freedom during the 3rd quarter worth approximately $213,000. Handelsbanken Fonder AB increased its stake in Freedom by 15.6% in the third 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 last quarter. Barclays PLC lifted its stake in Freedom by 1,263.2% during the third quarter. Barclays PLC now owns 4,144 shares of the company’s stock worth $393,000 after purchasing an additional 3,840 shares during the last quarter. Finally, AlphaQuest LLC increased its stake in shares of Freedom by 119.0% in the 4th quarter. AlphaQuest LLC now owns 4,154 shares of the company’s stock valued at $543,000 after purchasing an additional 2,257 shares during the last quarter. 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.