Virtu Financial LLC Invests $219,000 in Freedom Holding Corp. $FRHC

Key Points

• Virtu Financial LLC purchased 1,658 shares of Freedom Holding Corp. (NASDAQ:FRHC) valued at approximately $219,000 in the first quarter, indicating growing institutional interest in the company.
• Other institutional investors, including Marshall Wace LLP and JPMorgan Chase & Co., significantly increased their stakes in Freedom during the fourth quarter, showcasing a trend of rising confidence in the stock.
• Freedom Holding Corp. reported earnings of $0.50 per share and revenue of $533.42 million for the last quarter, with a market capitalization of $10.52 billion and a current stock price of $171.89.

Virtu Financial LLC acquired a new stake in shares of Freedom Holding Corp. (NASDAQ:FRHC - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 1,658 shares of the company's stock, valued at approximately $219,000.

Other large investors also recently bought and sold shares of the company. IFP Advisors Inc purchased a new position in Freedom during the 1st quarter valued at $37,000. GAMMA Investing LLC boosted its holdings in Freedom by 13,133.3% during the 1st quarter. GAMMA Investing LLC now owns 397 shares of the company's stock valued at $52,000 after acquiring an additional 394 shares during the period. KBC Group NV purchased a new position in Freedom during the 1st quarter valued at $138,000. Tower Research Capital LLC TRC boosted its holdings in Freedom by 27.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,065 shares of the company's stock valued at $139,000 after acquiring an additional 232 shares during the period. Finally, Aquatic Capital Management LLC lifted its holdings in shares of Freedom by 555.5% in the 4th quarter. Aquatic Capital Management LLC now owns 1,311 shares of the company's stock worth $171,000 after buying an additional 1,111 shares during the period. Hedge funds and other institutional investors own 1.26% of the company's stock.

Freedom Stock Up 0.8%

Shares of FRHC stock traded up $1.42 during mid-day trading on Thursday, hitting $174.95. The stock had a trading volume of 82,141 shares, compared to its average volume of 125,255. Freedom Holding Corp. has a 12-month low of $88.11 and a 12-month high of $194.01. The firm has a market capitalization of $10.71 billion, a P/E ratio of 132.54 and a beta of 1.14. The firm's 50-day moving average is $161.84 and its two-hundred day moving average is $151.02. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.18 and a quick ratio of 1.18.

Freedom (NASDAQ:FRHC - Get Free Report) last issued its earnings results on Friday, August 8th. The company reported $0.50 earnings per share for the quarter. Freedom had a return on equity of 6.49% and a net margin of 3.78%.The business had revenue of $533.42 million during the quarter.

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.