Evgeny Ler Sells 15,114 Shares of Freedom Holding Corp. (NASDAQ:FRHC) Stock

Freedom Holding Corp. (NASDAQ:FRHC) CFO Evgeny Ler sold 15,114 shares of Freedom stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $157.37, for a total value of $2,378,490.18. Following the completion of the sale, the chief financial officer now directly owns 38,794 shares in the company, valued at $6,105,011.78. This represents a 28.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Freedom Stock Down 1.4 %

Shares of FRHC traded down $2.12 during midday trading on Thursday, hitting $154.42. The stock had a trading volume of 80,673 shares, compared to its average volume of 96,514. The company has a 50 day simple moving average of $137.94 and a two-hundred day simple moving average of $114.77. Freedom Holding Corp. has a twelve month low of $64.00 and a twelve month high of $164.82. The firm has a market cap of $9.36 billion, a price-to-earnings ratio of 28.97 and a beta of 1.01. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.28 and a quick ratio of 1.28.

Freedom (NASDAQ:FRHC) last released its quarterly earnings results on Friday, February 7th. The company reported $1.29 earnings per share (EPS) for the quarter. Freedom had a return on equity of 26.63% and a net margin of 14.99%.

Institutional Trading of Freedom

A number of hedge funds and other institutional investors have recently modified their holdings of FRHC. Victory Capital Management Inc. acquired a new stake in shares of Freedom in the third quarter valued at about $213,000. Verition Fund Management LLC acquired a new stake in shares of Freedom in the third quarter valued at about $400,000. State Street Corp increased its position in shares of Freedom by 19.0% in the third quarter. State Street Corp now owns 45,155 shares of the company’s stock valued at $4,279,000 after acquiring an additional 7,207 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Freedom in the third quarter valued at about $206,000. Finally, Barclays PLC increased its position in shares of Freedom by 1,263.2% in the third quarter. Barclays PLC now owns 4,144 shares of the company’s stock valued at $393,000 after acquiring an additional 3,840 shares during the last quarter. Institutional investors and hedge funds own 1.26% of the company’s stock.

About Freedom

Freedom Holding Corp., through its subsidiaries, provides securities brokerage, securities dealing, market making, investment research, investment counseling, and investment banking 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; securities trading; underwriting services; 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.