Freedom (NASDAQ:FRHC) Sees Unusually-High Trading Volume

Freedom Holding Corp. (NASDAQ:FRHC) shares saw an uptick in trading volume on Wednesday . 15,673 shares were traded during mid-day trading, a decline of 72% from the previous session’s volume of 55,382 shares.The stock last traded at $65.97 and had previously closed at $66.50.

Freedom Price Performance

The company’s 50 day moving average is $73.34 and its 200-day moving average is $78.59. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.03.

Freedom (NASDAQ:FRHC) last issued its earnings results on Friday, February 9th. The company reported $1.63 earnings per share (EPS) for the quarter. Freedom had a net margin of 23.96% and a return on equity of 37.71%. The business had revenue of $418.63 million during the quarter.

Insiders Place Their Bets

In other Freedom news, CTO Renat Tukanov sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $75.43, for a total transaction of $226,290.00. Following the completion of the sale, the chief technology officer now directly owns 9,006 shares in the company, valued at $679,322.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 71.60% of the company’s stock.

Institutional Investors Weigh In On Freedom

Several hedge funds have recently bought and sold shares of the stock. Barclays PLC lifted its position in Freedom by 8.9% during the fourth quarter. Barclays PLC now owns 3,565 shares of the company’s stock worth $287,000 after acquiring an additional 292 shares during the last quarter. Northern Trust Corp lifted its position in Freedom by 8.4% during the fourth quarter. Northern Trust Corp now owns 40,091 shares of the company’s stock worth $3,231,000 after acquiring an additional 3,094 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of Freedom by 37,150.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 745 shares of the company’s stock valued at $60,000 after buying an additional 743 shares in the last quarter. California State Teachers Retirement System raised its position in shares of Freedom by 4.3% in the fourth quarter. California State Teachers Retirement System now owns 6,036 shares of the company’s stock valued at $487,000 after buying an additional 251 shares in the last quarter. Finally, Hsbc Holdings PLC raised its position in shares of Freedom by 21.9% in the fourth quarter. Hsbc Holdings PLC now owns 48,357 shares of the company’s stock valued at $3,945,000 after buying an additional 8,674 shares in the last quarter. 1.26% of the stock is currently owned by institutional investors and hedge funds.

Freedom Company 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.