Freedom (NASDAQ:FRHC) Sets New 1-Year High - Still a Buy?

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

Freedom Stock Performance

The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.24. The firm's fifty day moving average is $134.99 and its 200 day moving average is $112.15. The company has a market cap of $9.65 billion, a PE ratio of 28.08 and a beta of 1.01.

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

Insider Buying and Selling at Freedom

In other news, insider Kairat Bakibayevich Akhmetov sold 5,500 shares of the company's stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $120.44, for a total transaction 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 represents a 3.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Azamat Yerdessov sold 7,521 shares of the firm's stock in a transaction dated Monday, November 18th. The stock was 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 directly owns 90,817 shares in the company, valued at approximately $10,581,996.84. This represents a 7.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,271 shares of company stock valued at $1,922,417 over the last quarter. 70.40% of the stock is currently owned by insiders.

Institutional Trading of Freedom

Large investors have recently bought and sold shares of the business. Headlands Technologies LLC purchased a new position in Freedom in the 4th quarter worth approximately $30,000. Jane Street Group LLC acquired a new position in Freedom during the third quarter worth $206,000. Victory Capital Management Inc. acquired a new position in Freedom during the third quarter worth $213,000. Resona Asset Management Co. Ltd. purchased a new stake in Freedom in the 4th quarter valued at $431,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Freedom in the 4th quarter worth $497,000. Hedge funds and other institutional investors own 1.26% of the company's stock.

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.