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

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

Freedom Stock Up 1.1 %

The firm has a market capitalization of $8.51 billion, a PE ratio of 24.78 and a beta of 1.01. The company has a fifty day moving average price of $128.72 and a 200-day moving average price of $107.23. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.26 and a current ratio of 1.26.

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

Insider Activity

In other news, insider Kairat Bakibayevich Akhmetov sold 5,500 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $120.44, for a total transaction of $662,420.00. Following the transaction, the insider now owns 133,900 shares of the company’s stock, valued at approximately $16,126,916. The trade was a 3.95 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Robert Wotczak sold 650 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $117.80, for a total value of $76,570.00. Following the completion of the transaction, the chief executive officer now directly owns 72,000 shares in the company, valued at $8,481,600. This trade represents a 0.89 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,271 shares of company stock valued at $1,922,417. 70.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Freedom

Hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. grew its position in shares of Freedom by 1.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,863 shares of the company’s stock worth $840,000 after buying an additional 124 shares in the last quarter. Handelsbanken Fonder AB grew its position in shares of Freedom by 15.6% during 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 in the last quarter. Geode Capital Management LLC grew its position in shares of Freedom by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 53,338 shares of the company’s stock worth $5,054,000 after buying an additional 811 shares in the last quarter. Algert Global LLC grew its position in shares of Freedom by 44.0% during the 2nd quarter. Algert Global LLC now owns 5,905 shares of the company’s stock worth $445,000 after buying an additional 1,805 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in shares of Freedom during the 3rd quarter worth $206,000. Institutional investors own 1.26% of the company’s stock.

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.