Tower Research Capital LLC TRC Grows Stock Position in Freedom Holding Corp. (NASDAQ:FRHC)

Tower Research Capital LLC TRC lifted its position in Freedom Holding Corp. (NASDAQ:FRHC) by 37,150.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 745 shares of the company’s stock after acquiring an additional 743 shares during the period. Tower Research Capital LLC TRC’s holdings in Freedom were worth $60,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in FRHC. Hsbc Holdings PLC grew its stake in Freedom by 21.9% during the 4th quarter. Hsbc Holdings PLC now owns 48,357 shares of the company’s stock valued at $3,945,000 after acquiring an additional 8,674 shares in the last quarter. Quest Partners LLC purchased a new stake in shares of Freedom in the fourth quarter valued at approximately $79,000. Jump Financial LLC acquired a new stake in shares of Freedom in the fourth quarter valued at approximately $311,000. State of New Jersey Common Pension Fund D lifted its position in Freedom by 21.6% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 30,169 shares of the company’s stock worth $2,432,000 after buying an additional 5,351 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp acquired a new position in shares of Freedom during the 3rd quarter valued at about $415,000. 1.26% of the stock is owned by institutional investors and hedge funds.

Freedom Price Performance

FRHC stock traded up $0.55 during trading on Monday, reaching $69.05. 46,604 shares of the stock were exchanged, compared to its average volume of 57,688. The business has a 50 day moving average price of $71.44 and a 200-day moving average price of $77.61. Freedom Holding Corp. has a 1 year low of $64.00 and a 1 year high of $102.40. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.23 and a quick ratio of 1.23.

Freedom (NASDAQ:FRHC) last released its quarterly earnings data on Friday, February 9th. The company reported $1.63 EPS for the quarter. The firm had revenue of $418.63 million for the quarter. Freedom had a return on equity of 37.71% and a net margin of 23.96%.

Insider Activity

In other Freedom news, CTO Renat Tukanov sold 3,000 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $75.43, for a total value of $226,290.00. Following the transaction, the chief technology officer now owns 9,006 shares of the company’s stock, valued at $679,322.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 71.10% of the company’s stock.

About Freedom

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.