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

Freedom Holding Corp. (NASDAQ:FRHC) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $134.00 and last traded at $131.79, with a volume of 31993 shares trading hands. The stock had previously closed at $133.55.

Freedom Price Performance

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 company has a 50-day moving average of $113.73 and a 200-day moving average of $95.39. The firm has a market capitalization of $7.97 billion, a price-to-earnings ratio of 23.24 and a beta of 1.02.

Insider Activity at Freedom

In other news, insider Azamat Yerdessov sold 7,521 shares of the company’s stock in a transaction that occurred on 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. This represents a 7.65 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Robert Wotczak sold 650 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $117.80, for a total value of $76,570.00. Following the sale, the chief executive officer now owns 72,000 shares in the company, valued at approximately $8,481,600. This represents a 0.89 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 16,271 shares of company stock worth $1,922,417. 70.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Freedom

Institutional investors and hedge funds have recently modified their holdings of the stock. Barclays PLC boosted its holdings in shares of Freedom by 1,263.2% during the third quarter. Barclays PLC now owns 4,144 shares of the company’s stock worth $393,000 after acquiring an additional 3,840 shares during the period. Geode Capital Management LLC grew its holdings in Freedom by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 53,338 shares of the company’s stock valued at $5,054,000 after buying an additional 811 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Freedom during the third quarter worth $206,000. State Street Corp boosted its position in shares of Freedom by 19.0% in the third quarter. State Street Corp now owns 45,155 shares of the company’s stock valued at $4,279,000 after acquiring an additional 7,207 shares during the period. Finally, Verition Fund Management LLC acquired a new stake in Freedom in the 3rd quarter worth about $400,000. 1.26% of the stock is currently owned by institutional investors and hedge funds.

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.