Freedom (NASDAQ:FRHC) Reaches New 1-Year High – Time to Buy?

Freedom Holding Corp. (NASDAQ:FRHC) shares hit a new 52-week high on Friday . The stock traded as high as $134.67 and last traded at $132.60, with a volume of 17522 shares. The stock had previously closed at $133.25.

Freedom Stock Performance

The stock’s fifty day simple moving average is $121.01 and its 200-day simple moving average is $99.91. 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 market capitalization of $7.98 billion, a PE ratio of 23.22 and a beta of 1.02.

Insider Activity at Freedom

In related news, CEO Robert Wotczak sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $117.60, for a total value of $235,200.00. Following the sale, the chief executive officer now owns 70,000 shares of the company’s stock, valued at approximately $8,232,000. This represents a 2.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Azamat Yerdessov sold 7,521 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was 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 of the company’s stock, valued at $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 ninety days. Corporate insiders own 70.40% of the company’s stock.

Institutional Trading of Freedom

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC acquired a new stake in shares of Freedom during the third quarter worth $206,000. Victory Capital Management Inc. acquired a new stake in Freedom in the 3rd quarter worth about $213,000. Handelsbanken Fonder AB boosted its stake in Freedom by 15.6% in the 3rd quarter. Handelsbanken Fonder AB now owns 3,700 shares of the company’s stock worth $351,000 after buying an additional 500 shares during the last quarter. Barclays PLC increased its stake 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 last quarter. Finally, Verition Fund Management LLC purchased a new position in shares of Freedom during the 3rd quarter worth about $400,000. Hedge funds and other 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.