4,217 Shares in Freedom Holding Corp. (NASDAQ:FRHC) Bought by Verition Fund Management LLC

Verition Fund Management LLC bought a new position in shares of Freedom Holding Corp. (NASDAQ:FRHC - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 4,217 shares of the company's stock, valued at approximately $400,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Victory Capital Management Inc. acquired a new stake in Freedom during the third quarter worth approximately $213,000. Handelsbanken Fonder AB boosted its stake in Freedom by 15.6% in the 3rd quarter. Handelsbanken Fonder AB now owns 3,700 shares of the company's stock valued at $351,000 after purchasing an additional 500 shares during the period. Quest Partners LLC boosted its stake in Freedom by 901.9% in the 2nd quarter. Quest Partners LLC now owns 5,390 shares of the company's stock valued at $406,000 after purchasing an additional 4,852 shares during the period. Algert Global LLC increased 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 buying an additional 1,805 shares during the period. Finally, Marshall Wace LLP bought a new position in Freedom during the 2nd quarter worth $618,000. Institutional investors own 1.26% of the company's stock.

Insider Buying and Selling at Freedom

In related news, insider Kairat Bakibayevich Akhmetov sold 5,500 shares of the business's stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $120.44, for a total value of $662,420.00. Following the completion of the transaction, the insider now owns 133,900 shares of the company's stock, valued at $16,126,916. The trade was a 3.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Azamat Yerdessov sold 7,521 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $116.52, for a total transaction of $876,346.92. Following the sale, the insider now owns 90,817 shares in the company, valued at $10,581,996.84. The trade was a 7.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,271 shares of company stock valued at $1,922,417 in the last quarter. Company insiders own 70.40% of the company's stock.

Freedom Stock Performance

Shares of Freedom stock traded up $2.67 during trading on Friday, reaching $132.15. The company's stock had a trading volume of 31,004 shares, compared to its average volume of 74,275. Freedom Holding Corp. has a 52 week low of $64.00 and a 52 week high of $133.92. The firm has a market cap of $8.01 billion, a PE ratio of 23.15 and a beta of 1.02. The business's 50-day moving average price is $112.33 and its 200-day moving average price is $94.36. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.24.

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.