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

Freedom Holding Corp. (NASDAQ:FRHC) shares hit a new 52-week high on Friday . The stock traded as high as $134.67 and last traded at $132.60, with a volume of 17522 shares. The stock had previously closed at $133.25.

Freedom Stock Up 0.6 %

The stock has a fifty day moving average of $121.47 and a two-hundred day moving average of $100.41. 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 stock has a market cap of $8.13 billion, a price-to-earnings ratio of 23.65 and a beta of 1.02.

Insider Activity

In other Freedom news, insider Azamat Yerdessov sold 7,521 shares of Freedom stock in a transaction that occurred 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 transaction, the insider now directly owns 90,817 shares of the company’s stock, valued at $10,581,996.84. The trade was a 7.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Kairat Bakibayevich Akhmetov sold 600 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $119.80, for a total transaction of $71,880.00. Following the completion of the sale, the insider now directly owns 139,400 shares of the company’s stock, valued at $16,700,120. The trade was a 0.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 16,271 shares of company stock valued at $1,922,417 in the last three months. Corporate insiders own 70.40% of the company’s stock.

Institutional Investors Weigh In On Freedom

A number of large investors have recently modified their holdings of FRHC. Jane Street Group LLC purchased a new position in Freedom in the 3rd quarter worth approximately $206,000. Victory Capital Management Inc. purchased a new position in shares of Freedom in the third quarter valued at $213,000. Handelsbanken Fonder AB grew its holdings in Freedom by 15.6% during the 3rd quarter. Handelsbanken Fonder AB now owns 3,700 shares of the company’s stock valued at $351,000 after purchasing an additional 500 shares in the last quarter. Barclays PLC increased its stake in Freedom by 1,263.2% during the 3rd 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 period. Finally, Verition Fund Management LLC acquired a new position in Freedom in the 3rd quarter worth $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.