Insider Selling: Freedom Holding Corp. (NASDAQ:FRHC) CEO Sells 11,000 Shares of Stock

Freedom Holding Corp. (NASDAQ:FRHC) CEO Robert Wotczak sold 11,000 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $156.88, for a total transaction of $1,725,680.00. Following the transaction, the chief executive officer now owns 59,000 shares of the company’s stock, valued at approximately $9,255,920. This trade represents a 15.71 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Robert Wotczak also recently made the following trade(s):

• On Monday, November 25th, Robert Wotczak sold 2,000 shares of Freedom stock. The stock was sold at an average price of $117.60, for a total transaction of $235,200.00.
• On Friday, November 22nd, Robert Wotczak sold 650 shares of Freedom stock. The stock was sold at an average price of $117.80, for a total value of $76,570.00.

Freedom Trading Down 2.2 %

Shares of FRHC stock traded down $3.39 on Thursday, hitting $153.16. 28,590 shares of the stock traded hands, compared to its average volume of 94,802. The firm’s 50-day moving average price is $137.94 and its two-hundred day moving average price is $114.77. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.28 and a current ratio of 1.28. Freedom Holding Corp. has a twelve month low of $64.00 and a twelve month high of $164.82. The stock has a market capitalization of $9.28 billion, a PE ratio of 28.86 and a beta of 1.01.

Freedom (NASDAQ:FRHC) last issued its quarterly earnings results on Friday, February 7th. The company reported $1.29 EPS for the quarter. Freedom had a net margin of 14.99% and a return on equity of 26.63%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. OMERS ADMINISTRATION Corp acquired a new position in shares of Freedom during the fourth quarter worth about $1,189,000. Millennium Management LLC acquired a new position in Freedom during the 4th quarter worth approximately $2,130,000. Deutsche Bank AG increased its position in shares of Freedom by 34.6% in the 4th quarter. Deutsche Bank AG now owns 1,986 shares of the company’s stock valued at $260,000 after purchasing an additional 510 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its position in shares of Freedom by 1,127.2% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 64,369 shares of the company’s stock worth $8,412,000 after purchasing an additional 59,124 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in shares of Freedom by 27.5% during the fourth quarter. Bank of America Corp DE now owns 25,057 shares of the company’s stock worth $3,275,000 after purchasing an additional 5,399 shares in the last quarter. 1.26% of the stock is owned by institutional investors and hedge funds.

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.