Jane Street Group LLC Buys Shares of 2,172 Freedom Holding Corp. (NASDAQ:FRHC)

Jane Street Group LLC purchased a new position in Freedom Holding Corp. (NASDAQ:FRHC) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,172 shares of the company’s stock, valued at approximately $206,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp raised its position in Freedom by 19.0% in the 3rd quarter. State Street Corp now owns 45,155 shares of the company’s stock worth $4,279,000 after buying an additional 7,207 shares during the last quarter. Verition Fund Management LLC purchased a new position in shares of Freedom during the third quarter valued at approximately $400,000. Marshall Wace LLP bought a new position in Freedom during the second quarter valued at approximately $618,000. Handelsbanken Fonder AB boosted its holdings in Freedom by 15.6% in the third quarter. Handelsbanken Fonder AB now owns 3,700 shares of the company’s stock worth $351,000 after purchasing an additional 500 shares during the last quarter. Finally, Algert Global LLC grew its position in Freedom by 44.0% in the 2nd quarter. Algert Global LLC now owns 5,905 shares of the company’s stock worth $445,000 after purchasing an additional 1,805 shares during the period. 1.26% of the stock is owned by institutional investors.

Freedom Stock Performance

FRHC stock opened at $128.11 on Monday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.26 and a quick ratio of 1.26. Freedom Holding Corp. has a 1 year low of $64.00 and a 1 year high of $135.23. The company has a market cap of $7.77 billion, a P/E ratio of 22.59 and a beta of 1.01. The stock’s fifty day moving average price is $123.66 and its 200-day moving average price is $102.38.

Insider Transactions at Freedom

In related news, CEO Robert Wotczak sold 650 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $117.80, for a total transaction of $76,570.00. Following the completion of the sale, the chief executive officer now owns 72,000 shares in the company, valued at approximately $8,481,600. This trade represents a 0.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Azamat Yerdessov sold 7,521 shares of the business’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 value of $876,346.92. Following the completion of the transaction, the insider now directly owns 90,817 shares in the company, valued at approximately $10,581,996.84. This represents a 7.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,271 shares of company stock worth $1,922,417 in the last three months. Corporate insiders own 70.40% 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.