Freedom (NASDAQ:FRHC) Sets New 1-Year High - What's Next?

Freedom Holding Corp. (NASDAQ:FRHC - Get Free Report)'s stock price reached a new 52-week high on Friday . The company traded as high as $134.67 and last traded at $132.60, with a volume of 17522 shares changing hands. The stock had previously closed at $133.25.

Freedom Stock Up 0.6 %

The firm has a market cap of $8.13 billion, a PE ratio of 23.65 and a beta of 1.02. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.24. The firm's 50 day moving average is $121.01 and its 200-day moving average is $99.91.

Insider Transactions at Freedom

In other Freedom news, insider Kairat Bakibayevich Akhmetov sold 600 shares of the business's stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $119.80, for a total transaction of $71,880.00. Following the completion of the sale, the insider now 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 legal filing with the Securities & Exchange Commission, which is accessible 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 value of $876,346.92. Following the completion of the transaction, the insider now owns 90,817 shares in the company, valued at approximately $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. Insiders have sold 16,271 shares of company stock worth $1,922,417 over the last quarter. 70.40% of the stock is currently owned by insiders.

Institutional Trading of Freedom

A number of institutional investors and hedge funds have recently bought and sold shares of FRHC. Sparta 24 Ltd. purchased a new stake in shares of Freedom during the 2nd quarter valued at about $1,996,000. Marshall Wace LLP acquired a new position in Freedom in the 2nd quarter worth $618,000. State Street Corp increased its position in shares of Freedom by 19.0% during the third quarter. State Street Corp now owns 45,155 shares of the company's stock worth $4,279,000 after acquiring an additional 7,207 shares during the last quarter. Quest Partners LLC boosted its holdings in Freedom by 901.9% in the second quarter. Quest Partners LLC now owns 5,390 shares of the company's stock valued at $406,000 after purchasing an additional 4,852 shares during the last quarter. Finally, Verition Fund Management LLC acquired a new stake in Freedom during the 3rd quarter valued at approximately $400,000. 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.