Resona Asset Management Co. Ltd. acquired a new stake in Freedom Holding Corp. (NASDAQ:FRHC - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,301 shares of the company's stock, valued at approximately $431,000.
Other hedge funds also recently made changes to their positions in the company. Headlands Technologies LLC acquired a new stake in Freedom during the 4th quarter worth $30,000. Jane Street Group LLC purchased a new position in shares of Freedom during the third quarter worth about $206,000. Barclays PLC increased its position in Freedom by 1,263.2% in the 3rd quarter. Barclays PLC now owns 4,144 shares of the company's stock valued at $393,000 after acquiring an additional 3,840 shares during the period. Verition Fund Management LLC purchased a new stake in Freedom during the 3rd quarter valued at approximately $400,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in Freedom during the 4th quarter worth approximately $497,000. Hedge funds and other institutional investors own 1.26% of the company's stock.
Freedom Stock Performance
Shares of NASDAQ:FRHC traded up $0.92 during trading on Tuesday, reaching $128.91. The company had a trading volume of 72,131 shares, compared to its average volume of 83,391. Freedom Holding Corp. has a fifty-two week low of $64.00 and a fifty-two week high of $164.82. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.28 and a quick ratio of 1.28. The stock's fifty day moving average price is $138.28 and its 200 day moving average price is $126.75. The firm has a market capitalization of $7.56 billion, a price-to-earnings ratio of 24.19 and a beta of 1.10.
Freedom (NASDAQ:FRHC - Get Free Report) last released its earnings results on Friday, February 7th. The company reported $1.29 EPS for the quarter. Freedom had a net margin of 14.99% and a return on equity of 26.63%.
Insiders Place Their Bets
In other news, CFO Evgeny Ler sold 15,114 shares of the business's 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 sale, the chief financial officer now owns 38,794 shares of the company's stock, valued at $6,105,011.78. The trade was a 28.04 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Sergey Lukyanov sold 1,958 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $160.53, for a total value of $314,317.74. Following the completion of the transaction, the insider now directly owns 122,842 shares of the company's stock, valued at $19,719,826.26. The trade was a 1.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 30,973 shares of company stock worth $4,883,489. Company insiders own 70.40% of the company's stock.
Freedom Company 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.
Read More
Before you consider Freedom, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Freedom wasn't on the list.
While Freedom currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
