KLP Kapitalforvaltning AS acquired a new position in shares of Freedom Holding Corp. (NASDAQ:FRHC - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,800 shares of the company's stock, valued at approximately $497,000.
A number of other hedge funds have also modified their holdings of FRHC. Jane Street Group LLC acquired a new position in Freedom during the 3rd quarter worth approximately $206,000. Barclays PLC lifted 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 purchasing an additional 3,840 shares in the last quarter. AlphaQuest LLC boosted its holdings in Freedom by 119.0% during the fourth quarter. AlphaQuest LLC now owns 4,154 shares of the company's stock worth $543,000 after purchasing an additional 2,257 shares during the last quarter. Verition Fund Management LLC bought a new position in Freedom in the third quarter valued at $400,000. Finally, Handelsbanken Fonder AB increased its stake in Freedom by 18.9% in the 4th quarter. Handelsbanken Fonder AB now owns 4,400 shares of the company's stock valued at $575,000 after buying an additional 700 shares during the last quarter. 1.26% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Freedom
In related news, CFO Evgeny Ler sold 15,114 shares of Freedom stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $157.37, for a total transaction of $2,378,490.18. Following the completion of the sale, the chief financial officer now directly owns 38,794 shares of the company's stock, valued at approximately $6,105,011.78. This trade represents a 28.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Sergey Lukyanov sold 2,901 shares of the company's stock in a transaction on Friday, February 14th. The shares were sold at an average price of $160.29, for a total value of $465,001.29. Following the completion of the transaction, the insider now directly owns 124,800 shares in the company, valued at approximately $20,004,192. This represents a 2.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 30,973 shares of company stock valued at $4,883,489 in the last quarter. 70.40% of the stock is currently owned by insiders.
Freedom Stock Down 0.8 %
Shares of Freedom stock traded down $0.94 during trading hours on Tuesday, reaching $114.08. 75,393 shares of the company's stock were exchanged, compared to its average volume of 82,229. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.40. The company has a 50 day moving average of $139.81 and a two-hundred day moving average of $125.64. The stock has a market cap of $6.69 billion, a P/E ratio of 21.40 and a beta of 1.10. Freedom Holding Corp. has a fifty-two week low of $64.00 and a fifty-two week high of $164.82.
Freedom (NASDAQ:FRHC - Get Free Report) last issued its quarterly earnings results on Friday, February 7th. The company reported $1.29 EPS for the quarter. Freedom had a return on equity of 26.63% and a net margin of 14.99%.
Freedom Profile
(
Free Report)
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.
Further Reading
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