Marshall Wace LLP Acquires Shares of 81,027 Freedom Holding Corp. (NASDAQ:FRHC)

Marshall Wace LLP bought a new stake in Freedom Holding Corp. (NASDAQ:FRHC - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 81,027 shares of the company's stock, valued at approximately $10,589,000. Marshall Wace LLP owned 0.13% of Freedom as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. Headlands Technologies LLC bought a new position in shares of Freedom during the fourth quarter worth approximately $30,000. Jane Street Group LLC bought a new stake in shares of Freedom during the 3rd quarter valued at $206,000. Walleye Capital LLC acquired a new stake in shares of Freedom during the 4th quarter worth $221,000. Barclays PLC raised its stake in Freedom by 1,263.2% in the third quarter. Barclays PLC now owns 4,144 shares of the company's stock valued at $393,000 after purchasing an additional 3,840 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. bought a new stake in Freedom during the fourth quarter worth about $431,000. 1.26% of the stock is currently owned by institutional investors and hedge funds.

Freedom Price Performance

Shares of NASDAQ:FRHC opened at $126.62 on Tuesday. 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 stock has a market capitalization of $7.42 billion, a PE ratio of 23.76 and a beta of 1.10. The firm has a 50 day moving average of $135.65 and a 200-day moving average of $127.82. Freedom Holding Corp. has a 12 month low of $64.00 and a 12 month 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 earnings per share (EPS) for the quarter. Freedom had a return on equity of 26.63% and a net margin of 14.99%.

Insider Activity

In related news, insider Sergey Lukyanov sold 2,901 shares of the business's stock in a transaction on Friday, February 14th. The stock was sold at an average price of $160.29, for a total transaction of $465,001.29. Following the sale, the insider now owns 124,800 shares in the company, valued at $20,004,192. The trade was a 2.27 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Evgeny Ler sold 15,114 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $157.37, for a total value of $2,378,490.18. Following the completion of the transaction, the chief financial officer now owns 38,794 shares of the company's stock, valued at $6,105,011.78. This represents a 28.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 30,973 shares of company stock worth $4,883,489. Corporate insiders own 70.40% 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.

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