Virtu Financial LLC Makes New $219,000 Investment 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 Freedom Holding Corp. (NASDAQ:FRHC - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,658 shares of the company's stock, valued at approximately $219,000.

A number of other hedge funds have also modified their holdings of FRHC. IFP Advisors Inc purchased a new stake in shares of Freedom in the first quarter worth about $37,000. GAMMA Investing LLC boosted its stake in shares of Freedom by 13,133.3% in the first quarter. GAMMA Investing LLC now owns 397 shares of the company's stock worth $52,000 after buying an additional 394 shares during the last quarter. KBC Group NV purchased a new stake in shares of Freedom in the first quarter worth about $138,000. Tower Research Capital LLC TRC boosted its stake in shares of Freedom by 27.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,065 shares of the company's stock worth $139,000 after buying an additional 232 shares during the last quarter. Finally, Aquatic Capital Management LLC boosted its stake in shares of Freedom by 555.5% in the fourth 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 last quarter. 1.26% of the stock is owned by institutional investors and hedge funds.

Freedom Stock Performance

Shares of FRHC traded up $0.50 during mid-day trading on Wednesday, reaching $169.73. The company had a trading volume of 71,453 shares, compared to its average volume of 122,118. Freedom Holding Corp. has a 52-week low of $86.73 and a 52-week high of $194.01. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $10.39 billion, a P/E ratio of 128.58 and a beta of 1.14. The stock has a 50 day moving average of $160.84 and a two-hundred day moving average of $150.62.

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

Freedom 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.