Freedom (NASDAQ:FRHC) Sees Strong Trading Volume

Freedom Holding Corp. (NASDAQ:FRHC) shares saw unusually-high trading volume on Wednesday . Approximately 15,673 shares were traded during 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 Trading Down 1.4 %

The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.03. The stock’s fifty day simple moving average is $73.93 and its 200-day simple moving average is $78.76.

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

Insider Buying and Selling at Freedom

In related news, CTO Renat Tukanov sold 3,000 shares of the stock in a transaction on 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 directly owns 9,006 shares of the company’s stock, valued at approximately $679,322.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 71.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Deutsche Bank AG purchased a new position in Freedom during the 4th quarter worth $52,000. Ensign Peak Advisors Inc purchased a new position in Freedom during the 3rd quarter worth $55,000. Tower Research Capital LLC TRC grew its position in Freedom by 37,150.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 745 shares of the company’s stock worth $60,000 after purchasing an additional 743 shares during the last quarter. Quest Partners LLC purchased a new position in Freedom during the 4th quarter worth $79,000. Finally, UBS Group AG grew its position in Freedom by 606.6% during the 3rd quarter. UBS Group AG now owns 2,445 shares of the company’s stock worth $120,000 after purchasing an additional 2,099 shares during the last quarter. 1.26% of the stock is owned by hedge funds and other institutional investors.

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.