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 trading hands.

Freedom Stock Up 4.1 %

The company has a debt-to-equity ratio of 0.03, a current ratio of 1.23 and a quick ratio of 1.23. The company has a 50-day simple moving average of $73.62 and a two-hundred day simple moving average of $78.66.

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

Insider Activity at Freedom

In related news, CTO Renat Tukanov sold 3,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief technology officer now owns 9,006 shares in the company, valued at $679,322.58. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 71.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Freedom

A number of hedge funds and other institutional investors have recently made changes to their positions in FRHC. Deutsche Bank AG bought a new position in Freedom in the fourth quarter worth $52,000. Ensign Peak Advisors Inc bought a new position in Freedom in the third quarter worth $55,000. Tower Research Capital LLC TRC grew its stake 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 worth $60,000 after acquiring an additional 743 shares during the last quarter. Quest Partners LLC purchased a new stake in shares of Freedom in the fourth quarter worth $79,000. Finally, UBS Group AG grew its stake in shares of Freedom by 606.6% in the third quarter. UBS Group AG now owns 2,445 shares of the company’s stock worth $120,000 after acquiring an additional 2,099 shares during the last quarter. Institutional investors own 1.26% of the company’s stock.

About Freedom

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.