Resona Asset Management Co. Ltd. Invests $431,000 in Freedom Holding Corp. (NASDAQ:FRHC)

Resona Asset Management Co. Ltd. acquired a new stake in Freedom Holding Corp. (NASDAQ:FRHC) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,301 shares of the company’s stock, valued at approximately $431,000.

Other large investors also recently bought and sold shares of the company. Verition Fund Management LLC acquired a new stake in shares of Freedom during the third quarter valued at about $400,000. State Street Corp raised its position in 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 purchasing an additional 7,207 shares during the period. Jane Street Group LLC purchased a new stake in Freedom in the third quarter valued at approximately $206,000. Barclays PLC lifted its stake in Freedom by 1,263.2% during the third quarter. Barclays PLC now owns 4,144 shares of the company’s stock worth $393,000 after purchasing an additional 3,840 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Freedom by 1.5% during the third quarter. Geode Capital Management LLC now owns 53,338 shares of the company’s stock worth $5,054,000 after buying an additional 811 shares during the period. Institutional investors and hedge funds own 1.26% of the company’s stock.

Freedom Price Performance

FRHC stock opened at $126.38 on Friday. The business’s fifty day moving average price is $138.65 and its 200 day moving average price is $126.29. Freedom Holding Corp. has a 12-month low of $64.00 and a 12-month high of $164.82. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $7.41 billion, a PE ratio of 23.71 and a beta of 1.10.

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

Insider Buying and Selling

In related news, CFO Evgeny Ler sold 15,114 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $157.37, for a total transaction of $2,378,490.18. Following the completion of the transaction, the chief financial officer now directly owns 38,794 shares of the company’s stock, valued at $6,105,011.78. The trade was a 28.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Robert Wotczak sold 11,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $156.88, for a total transaction of $1,725,680.00. Following the sale, the chief executive officer now owns 59,000 shares in the company, valued at $9,255,920. The trade was a 15.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 30,973 shares of company stock valued at $4,883,489 in the last ninety days. Company insiders own 70.40% of the company’s stock.

Freedom Company Profile

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.