Freedom (NASDAQ:FRHC) Hits New 52-Week High - Should You Buy?

Freedom Holding Corp. (NASDAQ:FRHC - Get Free Report) hit a new 52-week high on Tuesday . The company traded as high as $143.16 and last traded at $142.60, with a volume of 36824 shares. The stock had previously closed at $140.88.

Freedom Stock Up 5.3 %

The firm has a market cap of $9.55 billion, a P/E ratio of 27.79 and a beta of 1.01. The stock's 50-day simple moving average is $132.95 and its 200 day simple moving average is $110.40. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.24.

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

Insider Activity at Freedom

In other news, insider Azamat Yerdessov sold 7,521 shares of the firm's stock in a transaction that occurred on Monday, November 18th. The shares were 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 directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kairat Bakibayevich Akhmetov sold 5,500 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was 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 in the company, valued at $16,126,916. This represents a 3.95 % 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 valued at $1,922,417 over the last ninety days. Corporate insiders own 70.40% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Jane Street Group LLC purchased a new position in shares of Freedom during the third quarter worth about $206,000. Victory Capital Management Inc. purchased a new position in Freedom in the third quarter worth $213,000. Handelsbanken Fonder AB raised its holdings 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 buying an additional 500 shares in the last quarter. Barclays PLC raised its position in Freedom by 1,263.2% in the 3rd quarter. Barclays PLC now owns 4,144 shares of the company's stock worth $393,000 after purchasing an additional 3,840 shares during the period. Finally, Verition Fund Management LLC bought a new stake in shares of Freedom in the 3rd quarter valued at about $400,000. 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.