Freedom (NASDAQ:FRHC) Sets New 12-Month High - What's Next?

Shares of Freedom Holding Corp. (NASDAQ:FRHC - Get Free Report) reached a new 52-week high during trading on Thursday . The stock traded as high as $139.16 and last traded at $138.32, with a volume of 65383 shares changing hands. The stock had previously closed at $134.89.

Freedom Stock Performance

The firm's 50 day moving average is $127.05 and its 200 day moving average is $105.38. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a market cap of $8.34 billion, a P/E ratio of 24.26 and a beta of 1.01.

Freedom (NASDAQ:FRHC - Get Free Report) last issued its quarterly earnings results on Friday, November 8th. The company reported $1.89 earnings per share (EPS) for the quarter. Freedom had a return on equity of 29.48% and a net margin of 17.79%. The business had revenue of $580.90 million for the quarter.

Insiders Place Their Bets

In related news, insider Azamat Yerdessov sold 7,521 shares of the firm's stock in a transaction 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. This trade represents a 7.65 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Robert Wotczak sold 2,000 shares of the business's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $117.60, for a total value of $235,200.00. Following the sale, the chief executive officer now owns 70,000 shares in the company, valued at approximately $8,232,000. The trade was a 2.78 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 16,271 shares of company stock valued at $1,922,417. 70.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Freedom

A number of institutional investors have recently bought and sold shares of FRHC. Marshall Wace LLP acquired a new stake in shares of Freedom in the second quarter worth $618,000. Algert Global LLC grew its position in 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. Handelsbanken Fonder AB grew its position in Freedom by 15.6% during 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. Victory Capital Management Inc. purchased a new position in shares of Freedom during the 3rd quarter valued at about $213,000. Finally, Verition Fund Management LLC acquired a new position in shares of Freedom in the 3rd quarter valued at about $400,000. 1.26% of the stock is owned by hedge funds and other institutional investors.

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.