Freedom Holding Corp. (NASDAQ:FRHC) Stock Position Lifted by Barclays PLC

Barclays PLC boosted its stake in shares of Freedom Holding Corp. (NASDAQ:FRHC - Free Report) by 1,263.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,144 shares of the company's stock after purchasing an additional 3,840 shares during the period. Barclays PLC's holdings in Freedom were worth $393,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in FRHC. Jane Street Group LLC purchased a new position in shares of Freedom in the 3rd quarter worth $206,000. Victory Capital Management Inc. acquired a new stake in Freedom during the third quarter worth about $213,000. Handelsbanken Fonder AB raised its holdings in shares of 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 during the period. Verition Fund Management LLC acquired a new position in shares of Freedom in the 3rd quarter valued at about $400,000. Finally, Algert Global LLC grew its holdings 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. Institutional investors and hedge funds own 1.26% of the company's stock.

Freedom Trading Up 0.4 %

NASDAQ FRHC traded up $0.60 during mid-day trading on Friday, hitting $134.63. The company's stock had a trading volume of 112,664 shares, compared to its average volume of 64,658. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.26 and a quick ratio of 1.26. Freedom Holding Corp. has a 52-week low of $64.00 and a 52-week high of $136.07. The stock's fifty day simple moving average is $125.79 and its two-hundred day simple moving average is $104.12. The firm has a market capitalization of $8.16 billion, a P/E ratio of 23.74 and a beta of 1.01.

Insider Buying and Selling

In other news, insider Kairat Bakibayevich Akhmetov sold 600 shares of the business's stock in a transaction on Friday, November 29th. The shares were 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 approximately $16,700,120. The trade was a 0.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Azamat Yerdessov sold 7,521 shares of the company's stock in a transaction on Monday, November 18th. The shares were sold at an average price of $116.52, for a total transaction of $876,346.92. Following the completion of the transaction, the insider now owns 90,817 shares of the company's stock, valued at $10,581,996.84. This trade represents a 7.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 16,271 shares of company stock valued at $1,922,417. Company 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.