Algert Global LLC Decreases Stake in Freedom Holding Corp. (NASDAQ:FRHC)

Algert Global LLC decreased its holdings in Freedom Holding Corp. (NASDAQ:FRHC) by 72.1% in the 4th quarter, HoldingsChannel reports. The fund owned 1,650 shares of the company’s stock after selling 4,255 shares during the quarter. Algert Global LLC’s holdings in Freedom were worth $216,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Jane Street Group LLC grew its position in Freedom by 87.6% during the fourth quarter. Jane Street Group LLC now owns 4,074 shares of the company’s stock worth $532,000 after buying an additional 1,902 shares during the period. PDT Partners LLC purchased a new stake in Freedom during the fourth quarter worth $1,478,000. Aquatic Capital Management LLC grew its holdings in Freedom by 555.5% in the fourth quarter. Aquatic Capital Management LLC now owns 1,311 shares of the company’s stock valued at $171,000 after purchasing an additional 1,111 shares during the last quarter. Hsbc Holdings PLC increased its position in shares of Freedom by 3.6% in the fourth quarter. Hsbc Holdings PLC now owns 24,337 shares of the company’s stock valued at $3,185,000 after buying an additional 837 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in shares of Freedom by 27.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,065 shares of the company’s stock worth $139,000 after buying an additional 232 shares during the last quarter. 1.26% of the stock is owned by institutional investors and hedge funds.

Freedom Stock Up 2.1%

Shares of NASDAQ FRHC opened at $163.61 on Wednesday. The firm’s 50-day moving average is $135.11 and its two-hundred day moving average is $132.69. The company has a market capitalization of $9.59 billion, a PE ratio of 30.70 and a beta of 1.14. Freedom Holding Corp. has a 12-month low of $69.00 and a 12-month 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.

Insider Transactions at Freedom

In other news, insider Sergey Lukyanov sold 1,958 shares of the stock in a transaction 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 sale, the insider now owns 122,842 shares of the company’s stock, valued at $19,719,826.26. This represents a 1.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Evgeny Ler sold 15,114 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $157.37, for a total transaction of $2,378,490.18. Following the completion of the transaction, the chief financial officer now directly owns 38,794 shares in the company, valued at approximately $6,105,011.78. This represents a 28.04% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 30,973 shares of company stock worth $4,883,489 over the last ninety days. 70.40% of the stock is currently owned by corporate insiders.

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.