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

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

Freedom Price Performance

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

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

Insider Buying and Selling at Freedom

In other news, insider Kairat Bakibayevich Akhmetov sold 600 shares of Freedom 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 directly owns 139,400 shares of the company’s stock, valued at $16,700,120. The trade was a 0.43 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Robert Wotczak sold 650 shares of Freedom stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $117.80, for a total value of $76,570.00. Following the transaction, the chief executive officer now directly owns 72,000 shares in the company, valued at approximately $8,481,600. The trade was a 0.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 16,271 shares of company stock worth $1,922,417 in the last three months. 70.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. lifted 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 valued at $840,000 after buying an additional 124 shares in the last quarter. Handelsbanken Fonder AB lifted its holdings 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 purchasing an additional 500 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Freedom by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 53,338 shares of the company’s stock worth $5,054,000 after purchasing an additional 811 shares in the last quarter. Algert Global LLC lifted its holdings in Freedom by 44.0% in the 2nd quarter. Algert Global LLC now owns 5,905 shares of the company’s stock worth $445,000 after purchasing an additional 1,805 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in Freedom in the 3rd quarter worth approximately $206,000. 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.