Freedom (NASDAQ:FRHC) Sets New 1-Year High – Time to Buy?

Freedom Holding Corp. (NASDAQ:FRHC)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $139.16 and last traded at $138.32, with a volume of 65383 shares trading hands. The stock had previously closed at $134.89.

Freedom Stock Up 2.5 %

The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.26 and a current ratio of 1.26. The business’s 50 day moving average is $126.58 and its 200-day moving average is $105.15. The stock has a market cap of $8.38 billion, a price-to-earnings ratio of 24.40 and a beta of 1.01.

Freedom (NASDAQ:FRHC) last released its earnings results on Friday, November 8th. The company reported $1.89 EPS for the quarter. The business had revenue of $580.90 million during the quarter. Freedom had a net margin of 17.79% and a return on equity of 29.48%.

Insider Buying and Selling at Freedom

In other Freedom news, insider Kairat Bakibayevich Akhmetov sold 5,500 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $120.44, for a total value of $662,420.00. Following the transaction, the insider now directly owns 133,900 shares of the company’s stock, valued at $16,126,916. This trade represents a 3.95 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Azamat Yerdessov sold 7,521 shares of the company’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 sale, the insider now owns 90,817 shares of the company’s stock, valued at $10,581,996.84. This trade represents 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 over the last quarter. 70.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Freedom

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC acquired a new position in shares of Freedom during the 3rd quarter valued at about $206,000. Victory Capital Management Inc. acquired a new position in Freedom in the 3rd quarter valued at about $213,000. Handelsbanken Fonder AB grew its stake in shares of 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 buying an additional 500 shares during the period. Barclays PLC grew its stake in shares of 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 buying an additional 3,840 shares during the period. Finally, Verition Fund Management LLC acquired a new stake in shares of Freedom during the 3rd quarter worth approximately $400,000. Institutional investors and hedge funds 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.