Freedom Holding Corp. (NASDAQ:FRHC – Get Free Report) Director Boris Cherdabayev sold 300 shares of the company’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $141.88, for a total value of $42,564.00. Following the sale, the director owned 457 shares in the company, valued at approximately $64,839.16. The trade was a 39.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Freedom Trading Down 1.0%
NASDAQ FRHC opened at $154.63 on Wednesday. The stock has a market capitalization of $9.48 billion, a P/E ratio of 61.61 and a beta of 0.68. The business has a 50 day simple moving average of $147.82 and a 200 day simple moving average of $139.83. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.03 and a quick ratio of 1.03. Freedom Holding Corp. has a one year low of $107.97 and a one year high of $194.01.
Freedom (NASDAQ:FRHC – Get Free Report) last issued its quarterly earnings results on Tuesday, June 2nd. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.74). The business had revenue of $486.15 million during the quarter, compared to analyst estimates of $124.14 million. Freedom had a net margin of 7.00% and a return on equity of 11.50%.
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Institutional Investors Weigh In On Freedom
A number of hedge funds have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd increased its holdings in shares of Freedom by 290.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 207 shares of the company’s stock valued at $25,000 after acquiring an additional 154 shares in the last quarter. Parallel Advisors LLC lifted its holdings in shares of Freedom by 476.2% in the 1st quarter. Parallel Advisors LLC now owns 363 shares of the company’s stock worth $53,000 after purchasing an additional 300 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Freedom by 111.7% in the 4th quarter. Wells Fargo & Company MN now owns 506 shares of the company’s stock worth $62,000 after purchasing an additional 267 shares in the last quarter. CoreCap Advisors LLC acquired a new stake in Freedom in the 2nd quarter valued at $78,000. Finally, Royal Bank of Canada grew its position in Freedom by 67.2% in the 1st quarter. Royal Bank of Canada now owns 587 shares of the company’s stock valued at $85,000 after purchasing an additional 236 shares during the period. Institutional investors and hedge funds own 1.26% of the company’s stock.
About Freedom
Freedom Holding Corp (NASDAQ: FRHC) is a diversified financial services holding company that provides a broad range of brokerage, trading, investment banking, and asset management services. Through its subsidiaries, the company caters to retail, institutional, and corporate clients by offering access to global capital markets, equity and fixed-income trading, and research-driven investment strategies.
The firm’s product suite includes online and over-the-counter brokerage platforms, margin lending, securities underwriting, and M&A advisory services.
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