Freedom (NASDAQ:FRHC) Sets New 12-Month High – Time to Buy?

Freedom Holding Corp. (NASDAQ:FRHC)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $164.33 and last traded at $163.96, with a volume of 23777 shares trading hands. The stock had previously closed at $157.56.

Freedom Stock Performance

The company has a market capitalization of $9.09 billion, a PE ratio of 26.44 and a beta of 1.01. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.24. The business has a 50 day simple moving average of $133.74 and a 200 day simple moving average of $111.38.

Freedom (NASDAQ:FRHC) last issued its quarterly earnings results on Friday, February 7th. The company reported $1.29 EPS for the quarter. Freedom had a return on equity of 29.48% and a net margin of 17.79%.

Insider Transactions at Freedom

In related news, insider Azamat Yerdessov sold 7,521 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $116.52, for a total transaction of $876,346.92. Following the sale, the insider now directly owns 90,817 shares of the company’s stock, valued at approximately $10,581,996.84. This represents a 7.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Kairat Bakibayevich Akhmetov sold 5,500 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $120.44, for a total transaction of $662,420.00. Following the sale, the insider now owns 133,900 shares in the company, valued at approximately $16,126,916. This represents a 3.95 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 16,271 shares of company stock worth $1,922,417 over the last 90 days. 70.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Freedom

Several institutional investors and hedge funds have recently modified their holdings of FRHC. Geode Capital Management LLC grew its holdings in Freedom by 1.5% in the third quarter. Geode Capital Management LLC now owns 53,338 shares of the company’s stock valued at $5,054,000 after purchasing an additional 811 shares during the period. State Street Corp lifted its position in shares of Freedom by 19.0% during the 3rd quarter. State Street Corp now owns 45,155 shares of the company’s stock valued at $4,279,000 after buying an additional 7,207 shares in the last quarter. Swiss National Bank lifted its position in shares of Freedom by 1.4% during the 4th quarter. Swiss National Bank now owns 35,900 shares of the company’s stock valued at $4,692,000 after buying an additional 500 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Freedom by 1.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,863 shares of the company’s stock worth $840,000 after acquiring an additional 124 shares in the last quarter. Finally, Quantbot Technologies LP raised its position in Freedom by 828.2% during the fourth quarter. Quantbot Technologies LP now owns 6,228 shares of the company’s stock worth $814,000 after acquiring an additional 5,557 shares during the period. Hedge funds and other institutional investors own 1.26% of the company’s stock.

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.