Freedom Holding Corp. (NASDAQ:FRHC) Shares Purchased by Arizona State Retirement System

Arizona State Retirement System boosted its stake in shares of Freedom Holding Corp. (NASDAQ:FRHC – Get Rating) by 3.8% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 5,040 shares of the company’s stock after acquiring an additional 186 shares during the period. Arizona State Retirement System’s holdings in Freedom were worth $293,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Handelsbanken Fonder AB purchased a new position in Freedom in the 4th quarter valued at about $204,000. Jane Street Group LLC purchased a new position in shares of Freedom in the third quarter valued at approximately $274,000. Ensign Peak Advisors Inc acquired a new stake in shares of Freedom in the third quarter worth approximately $55,000. BlackRock Inc. increased its position in shares of Freedom by 1.7% during the third quarter. BlackRock Inc. now owns 93,629 shares of the company’s stock worth $4,597,000 after purchasing an additional 1,579 shares in the last quarter. Finally, Citadel Advisors LLC raised its stake in Freedom by 197.8% in the 3rd quarter. Citadel Advisors LLC now owns 32,990 shares of the company’s stock valued at $1,620,000 after purchasing an additional 21,911 shares during the last quarter. 0.98% of the stock is owned by hedge funds and other institutional investors.

Freedom Stock Performance

Shares of FRHC stock opened at $81.57 on Tuesday. Freedom Holding Corp. has a fifty-two week low of $38.17 and a fifty-two week high of $83.00. The stock’s fifty day moving average is $74.37 and its two-hundred day moving average is $67.56. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.27 and a current ratio of 1.27.

Insider Transactions at Freedom

In related news, CTO Renat Tukanov sold 3,000 shares of the company’s stock in a transaction dated Thursday, March 9th. The shares were sold at an average price of $72.10, for a total transaction of $216,300.00. Following the completion of the sale, the chief technology officer now owns 12,006 shares of the company’s stock, valued at approximately $865,632.60. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 71.60% of the company’s stock.

About Freedom

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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. The company offers investment 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 auto loans, as well as insurance products.