Freedom (NASDAQ:FRHC) Hits New 52-Week High – Should You Buy?

Freedom Holding Corp. (NASDAQ:FRHC)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $164.33 and last traded at $163.96, with a volume of 23777 shares traded. The stock had previously closed at $157.56.

Freedom Stock Performance

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 business has a 50 day moving average of $132.95 and a 200 day moving average of $110.83. The company has a market capitalization of $9.60 billion, a P/E ratio of 28.10 and a beta of 1.01.

Freedom (NASDAQ:FRHC) last released its quarterly earnings results on Friday, February 7th. The company reported $1.29 EPS for the quarter. Freedom had a return on equity of 29.48% and a net margin of 17.79%.

Insider Buying and Selling

In other news, insider Azamat Yerdessov sold 7,521 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $116.52, for a total transaction of $876,346.92. Following the transaction, the insider now owns 90,817 shares of the company’s stock, valued at approximately $10,581,996.84. This represents a 7.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Kairat Bakibayevich Akhmetov sold 5,500 shares of the firm’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 value of $662,420.00. Following the sale, the insider now directly owns 133,900 shares of the company’s stock, valued at $16,126,916. This represents a 3.95 % 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 over the last three months. 70.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Freedom

Hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC purchased a new stake in shares of Freedom in the third quarter valued at approximately $206,000. Victory Capital Management Inc. purchased a new stake in shares of Freedom in the 3rd quarter worth $213,000. Handelsbanken Fonder AB increased its stake in shares of Freedom by 15.6% during the third quarter. Handelsbanken Fonder AB now owns 3,700 shares of the company’s stock valued at $351,000 after buying an additional 500 shares during the period. 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, Verition Fund Management LLC bought a new stake in shares of Freedom in the 3rd quarter valued at about $400,000. 1.26% of the stock is currently owned by 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.