Freedom (NASDAQ:FRHC) Sets New 1-Year High – Here’s Why

Freedom Holding Corp. (NASDAQ:FRHC) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $135.90 and last traded at $135.49, with a volume of 24632 shares. The stock had previously closed at $134.03.

Freedom Trading Up 1.1 %

The company has a debt-to-equity ratio of 0.24, a current ratio of 1.26 and a quick ratio of 1.26. The stock’s fifty day simple moving average is $125.36 and its 200-day simple moving average is $103.49. The firm has a market cap of $8.22 billion, a PE ratio of 23.97 and a beta of 1.01.

Insider Buying and Selling at Freedom

In other Freedom news, insider Azamat Yerdessov sold 7,521 shares of Freedom stock in a transaction 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 completion of the transaction, the insider now owns 90,817 shares of the company’s stock, valued at approximately $10,581,996.84. The trade was a 7.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Kairat Bakibayevich Akhmetov sold 600 shares of the business’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $119.80, for a total transaction of $71,880.00. Following the transaction, the insider now owns 139,400 shares in the company, valued at $16,700,120. The trade was a 0.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, 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

A number of institutional investors and hedge funds have recently made changes to their positions in FRHC. Marshall Wace LLP purchased a new stake in Freedom during the 2nd quarter worth approximately $618,000. State Street Corp grew its holdings in Freedom by 19.0% during the 3rd quarter. State Street Corp now owns 45,155 shares of the company’s stock worth $4,279,000 after acquiring an additional 7,207 shares in the last quarter. Verition Fund Management LLC acquired a new position in Freedom during the 3rd quarter worth approximately $400,000. Barclays PLC grew its holdings in Freedom by 1,263.2% during the 3rd quarter. Barclays PLC now owns 4,144 shares of the company’s stock worth $393,000 after acquiring an additional 3,840 shares in the last quarter. Finally, Victory Capital Management Inc. acquired a new position in Freedom during the 3rd quarter worth approximately $213,000. 1.26% of the stock is owned by hedge funds and other institutional investors.

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.