Freedom (NASDAQ:FRHC) Reaches New 52-Week High - What's Next?

Freedom Holding Corp. (NASDAQ:FRHC - Get Free Report) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $134.00 and last traded at $131.79, with a volume of 31993 shares traded. The stock had previously closed at $133.55.

Freedom Price 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 business's 50-day simple moving average is $114.39 and its two-hundred day simple moving average is $95.77. The firm has a market cap of $7.95 billion, a price-to-earnings ratio of 23.14 and a beta of 1.02.

Insider Activity

In related news, insider Kairat Bakibayevich Akhmetov sold 600 shares of the firm's stock in a transaction dated 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 $16,700,120. This trade represents a 0.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Azamat Yerdessov sold 7,521 shares of the business's stock in a transaction that occurred on 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 $10,581,996.84. The trade was a 7.65 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 16,271 shares of company stock worth $1,922,417 in the last quarter. 70.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Freedom

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC purchased a new position in Freedom during the 3rd quarter valued at about $206,000. Victory Capital Management Inc. purchased a new stake in Freedom in the 3rd quarter worth approximately $213,000. Handelsbanken Fonder AB grew its position in shares of Freedom by 15.6% during the 3rd quarter. Handelsbanken Fonder AB now owns 3,700 shares of the company's stock valued at $351,000 after purchasing an additional 500 shares in the last quarter. Barclays PLC raised its position in shares of Freedom by 1,263.2% in the third quarter. Barclays PLC now owns 4,144 shares of the company's stock worth $393,000 after buying an additional 3,840 shares in the last quarter. Finally, Verition Fund Management LLC bought a new stake in Freedom during the third quarter valued at $400,000. 1.26% of the stock is currently owned by institutional investors.

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.