Freedom (NASDAQ:FRHC) Director Sells $50,351.28 in Stock

Freedom Holding Corp. (NASDAQ:FRHC) Director Andrew Gamble sold 357 shares of the business’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $141.04, for a total value of $50,351.28. Following the transaction, the director owned 677 shares of the company’s stock, valued at $95,484.08. This represents a 34.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Freedom Price Performance

Shares of FRHC opened at $128.85 on Friday. Freedom Holding Corp. has a 12 month low of $107.97 and a 12 month high of $194.01. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a fifty day moving average price of $144.83 and a 200 day moving average price of $136.24. The company has a market cap of $7.90 billion, a P/E ratio of 51.33 and a beta of 0.69.

Freedom (NASDAQ:FRHC) last posted its earnings results on Tuesday, June 2nd. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.74). Freedom had a net margin of 7.00% and a return on equity of 11.50%. The company had revenue of $486.15 million during the quarter, compared to the consensus estimate of $124.14 million.

Analyst Ratings Changes

A number of research analysts have issued reports on FRHC shares. KeyCorp reissued a “market perform” rating on shares of Freedom in a research note on Friday, June 5th. Weiss Ratings upgraded shares of Freedom from a “sell (d+)” rating to a “hold (c)” rating in a research note on Tuesday, June 2nd. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $138.00.

Institutional Investors Weigh In On Freedom

A number of hedge funds and other institutional investors have recently modified their holdings of FRHC. Caitong International Asset Management Co. Ltd lifted its holdings in Freedom by 290.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 207 shares of the company’s stock worth $25,000 after purchasing an additional 154 shares during the period. Parallel Advisors LLC increased its stake in Freedom by 476.2% during the 1st quarter. Parallel Advisors LLC now owns 363 shares of the company’s stock valued at $53,000 after buying an additional 300 shares during the period. Wells Fargo & Company MN increased its stake in Freedom by 111.7% during the 4th quarter. Wells Fargo & Company MN now owns 506 shares of the company’s stock valued at $62,000 after buying an additional 267 shares during the period. Royal Bank of Canada raised its position in shares of Freedom by 67.2% during the 1st quarter. Royal Bank of Canada now owns 587 shares of the company’s stock worth $85,000 after buying an additional 236 shares in the last quarter. Finally, Barclays PLC raised its position in shares of Freedom by 600.8% during the 4th quarter. Barclays PLC now owns 904 shares of the company’s stock worth $110,000 after buying an additional 775 shares in the last quarter. 1.26% of the stock is currently owned by institutional investors.

Freedom Company Profile

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.