Freedom Holding Corp. (NASDAQ:FRHC) Shares Bought by State Street Corp

State Street Corp lifted its position in shares of Freedom Holding Corp. (NASDAQ:FRHC) by 19.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 45,155 shares of the company’s stock after acquiring an additional 7,207 shares during the period. State Street Corp’s holdings in Freedom were worth $4,279,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Sparta 24 Ltd. acquired a new position in Freedom in the 2nd quarter valued at about $1,996,000. Marshall Wace LLP acquired a new position in Freedom in the 2nd quarter valued at $618,000. Algert Global LLC lifted its stake 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 purchasing an additional 1,805 shares during the period. Quest Partners LLC lifted its position in Freedom by 901.9% during the second quarter. Quest Partners LLC now owns 5,390 shares of the company’s stock worth $406,000 after buying an additional 4,852 shares during the period. Finally, Verition Fund Management LLC acquired a new stake in Freedom in the 3rd quarter worth about $400,000. 1.26% of the stock is currently owned by hedge funds and other institutional investors.

Freedom Price Performance

FRHC opened at $129.74 on Monday. Freedom Holding Corp. has a 1 year low of $64.00 and a 1 year high of $134.00. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.26 and a current ratio of 1.26. The company’s 50 day simple moving average is $118.98 and its 200 day simple moving average is $98.73. The stock has a market capitalization of $7.86 billion, a PE ratio of 22.88 and a beta of 1.02.

Insider Transactions at Freedom

In other Freedom news, insider Kairat Bakibayevich Akhmetov sold 5,500 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $120.44, for a total value of $662,420.00. Following the completion of the sale, the insider now owns 133,900 shares of the company’s stock, valued at $16,126,916. This trade represents a 3.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Azamat Yerdessov sold 7,521 shares of the business’s stock in a transaction 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 directly owns 90,817 shares in the company, valued at approximately $10,581,996.84. The trade was a 7.65 % 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 ninety days. Insiders own 70.40% 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.