Victory Capital Management Inc. Sells 85 Shares of Freedom Holding Corp. (NASDAQ:FRHC)

Victory Capital Management Inc. lowered its holdings in Freedom Holding Corp. (NASDAQ:FRHC) by 3.8% in the 4th quarter, HoldingsChannel reports. The firm owned 2,167 shares of the company’s stock after selling 85 shares during the quarter. Victory Capital Management Inc.’s holdings in Freedom were worth $283,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. State Street Corp raised its stake in Freedom by 19.0% in the third quarter. State Street Corp now owns 45,155 shares of the company’s stock worth $4,279,000 after buying an additional 7,207 shares in the last quarter. Verition Fund Management LLC purchased a new position in shares of Freedom in the 3rd quarter valued at $400,000. Barclays PLC raised its position in shares of Freedom by 1,263.2% in 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. Jane Street Group LLC bought a new position in shares of Freedom in the 3rd quarter worth $206,000. Finally, Geode Capital Management LLC lifted its stake 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 purchasing an additional 811 shares during the last quarter. Hedge funds and other institutional investors own 1.26% of the company’s stock.

Freedom Stock Performance

Shares of Freedom stock opened at $134.05 on Friday. The company has a market capitalization of $7.86 billion, a PE ratio of 25.15 and a beta of 1.07. The company has a 50-day simple moving average of $141.14 and a two-hundred day simple moving average of $122.45. Freedom Holding Corp. has a one year low of $64.00 and a one year high of $164.82. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.28 and a current ratio of 1.28.

Freedom (NASDAQ:FRHC) last posted its quarterly earnings data on Friday, February 7th. The company reported $1.29 EPS for the quarter. Freedom had a net margin of 14.99% and a return on equity of 26.63%.

Insider Transactions at Freedom

In related news, insider Sergey Lukyanov sold 2,901 shares of the business’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $160.29, for a total transaction of $465,001.29. Following the transaction, the insider now directly owns 124,800 shares in the company, valued at $20,004,192. The trade was a 2.27 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Robert Wotczak sold 11,000 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $156.88, for a total value of $1,725,680.00. Following the transaction, the chief executive officer now owns 59,000 shares in the company, valued at approximately $9,255,920. This trade represents a 15.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 30,973 shares of company stock valued at $4,883,489. Corporate 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.