Freedom (NASDAQ:FRHC) Sets New 52-Week High – Still a Buy?

Freedom Holding Corp. (NASDAQ:FRHC) shares reached a new 52-week high on Tuesday . The company traded as high as $143.16 and last traded at $142.60, with a volume of 36824 shares traded. The stock had previously closed at $140.88.

Freedom Trading Up 1.6 %

The stock has a market capitalization of $8.67 billion, a PE ratio of 25.24 and a beta of 1.01. The stock’s 50 day moving average price is $130.47 and its 200-day moving average price is $108.89. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.24.

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

Insider Buying and Selling

In other Freedom news, insider Kairat Bakibayevich Akhmetov sold 5,500 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $120.44, for a total transaction 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. This represents a 3.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert Wotczak sold 650 shares of Freedom stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $117.80, for a total value of $76,570.00. Following the completion of the sale, the chief executive officer now directly owns 72,000 shares in the company, valued at $8,481,600. This trade represents a 0.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,271 shares of company stock valued at $1,922,417. Corporate insiders own 70.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Marshall Wace LLP purchased a new stake in Freedom during the second quarter valued at approximately $618,000. State Street Corp raised its holdings in 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 during the period. Verition Fund Management LLC bought a new stake in Freedom in the third quarter worth $400,000. Barclays PLC lifted its position in Freedom by 1,263.2% in the third quarter. Barclays PLC now owns 4,144 shares of the company’s stock worth $393,000 after buying an additional 3,840 shares during the last quarter. Finally, Victory Capital Management Inc. purchased a new position in Freedom during the third quarter worth $213,000. 1.26% of the stock is owned by hedge funds and other institutional investors.

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.