Freedom (NASDAQ:FRHC) Hits New 1-Year High – What’s Next?

Freedom Holding Corp. (NASDAQ:FRHC)’s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $134.00 and last traded at $132.40, with a volume of 28009 shares changing hands. The stock had previously closed at $132.44.

Freedom Price Performance

The company has a market cap of $7.86 billion, a PE ratio of 22.88 and a beta of 1.02. The stock has a fifty day moving average price of $118.98 and a 200-day moving average price of $98.58. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.26 and a quick ratio of 1.26.

Insider Buying and Selling

In other news, insider Kairat Bakibayevich Akhmetov sold 600 shares of the company’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $119.80, for a total value of $71,880.00. Following the transaction, the insider now directly owns 139,400 shares of the company’s stock, valued at approximately $16,700,120. This represents a 0.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Azamat Yerdessov sold 7,521 shares of the business’s stock in a transaction dated 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 in the company, valued at $10,581,996.84. This trade represents a 7.65 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,271 shares of company stock valued at $1,922,417. Corporate insiders own 70.40% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Quest Partners LLC raised its holdings in Freedom by 901.9% during the second quarter. Quest Partners LLC now owns 5,390 shares of the company’s stock valued at $406,000 after buying an additional 4,852 shares in the last quarter. Sparta 24 Ltd. acquired a new stake in shares of Freedom in the second quarter worth $1,996,000. Marshall Wace LLP acquired a new position in Freedom in the 2nd quarter valued at $618,000. Algert Global LLC raised 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 acquiring an additional 1,805 shares during the period. Finally, Handelsbanken Fonder AB boosted its holdings in 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 acquiring an additional 500 shares during the period. Institutional investors and hedge funds own 1.26% of the company’s stock.

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.