Freedom (NASDAQ:FRHC) Shares Gap Up to $65.42

Shares of Freedom Holding Corp. (NASDAQ:FRHC) gapped up prior to trading on Thursday . The stock had previously closed at $65.42, but opened at $69.01. Freedom shares last traded at $68.50, with a volume of 16,683 shares changing hands.

Freedom Stock Performance

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 company has a fifty day moving average of $73.01 and a two-hundred day moving average of $78.45.

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

Insider Activity at Freedom

In related news, CTO Renat Tukanov sold 3,000 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $75.43, for a total transaction of $226,290.00. Following the sale, the chief technology officer now owns 9,006 shares of the company’s stock, valued at approximately $679,322.58. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 71.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Freedom

Hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC raised its position in Freedom by 2.9% during the 2nd quarter. Renaissance Technologies LLC now owns 155,319 shares of the company’s stock worth $12,553,000 after purchasing an additional 4,419 shares during the last quarter. BlackRock Inc. raised its position in Freedom by 5.1% during the 1st quarter. BlackRock Inc. now owns 109,137 shares of the company’s stock worth $7,843,000 after purchasing an additional 5,313 shares during the last quarter. Vanguard Group Inc. raised its position in Freedom by 30.9% during the 1st quarter. Vanguard Group Inc. now owns 67,728 shares of the company’s stock worth $4,037,000 after purchasing an additional 15,977 shares during the last quarter. Geode Capital Management LLC raised its position in Freedom by 0.4% during the 2nd quarter. Geode Capital Management LLC now owns 55,310 shares of the company’s stock worth $4,470,000 after purchasing an additional 209 shares during the last quarter. Finally, Hsbc Holdings PLC raised its position in Freedom by 21.9% during the 4th quarter. Hsbc Holdings PLC now owns 48,357 shares of the company’s stock worth $3,945,000 after purchasing an additional 8,674 shares during the last quarter. Institutional investors and hedge funds own 1.26% of the company’s stock.

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.