Freedom Holding Corp. (NASDAQ:FRHC) Shares Bought by Algert Global LLC

Algert Global LLC raised its holdings in Freedom Holding Corp. (NASDAQ:FRHC) by 44.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,905 shares of the company’s stock after purchasing an additional 1,805 shares during the quarter. Algert Global LLC’s holdings in Freedom were worth $445,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FRHC. EntryPoint Capital LLC raised its position in Freedom by 110.7% in the first quarter. EntryPoint Capital LLC now owns 986 shares of the company’s stock worth $70,000 after acquiring an additional 518 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in shares of Freedom during the 1st quarter worth approximately $426,000. Quest Partners LLC increased its stake in Freedom by 901.9% in the 2nd quarter. Quest Partners LLC now owns 5,390 shares of the company’s stock valued at $406,000 after purchasing an additional 4,852 shares in the last quarter. Sparta 24 Ltd. acquired a new stake in Freedom in the second quarter valued at $1,996,000. Finally, Marshall Wace LLP acquired a new stake in Freedom in the 2nd quarter valued at about $618,000. 1.26% of the stock is owned by hedge funds and other institutional investors.

Freedom Trading Down 3.0 %

Shares of FRHC opened at $96.43 on Tuesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.20 and a quick ratio of 1.20. Freedom Holding Corp. has a 1-year low of $64.00 and a 1-year high of $99.41. The stock has a market cap of $5.85 billion, a price-to-earnings ratio of 15.28 and a beta of 1.05. The firm has a 50 day simple moving average of $90.82 and a 200-day simple moving average of $79.88.

Freedom (NASDAQ:FRHC) last released its quarterly earnings results on Friday, August 9th. The company reported $0.57 earnings per share for the quarter. The company had revenue of $450.72 million during the quarter. Freedom had a return on equity of 32.00% and a net margin of 19.32%.

Freedom Profile

Freedom Holding Corp., through its subsidiaries, provides retail securities brokerage, research, investment counseling, securities trading, market making, retail banking, corporate investment banking, and underwriting 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; 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.