Vident Advisory LLC Makes New $248,000 Investment in Freedom Holding Corp. $FRHC

Key Points

• Vident Advisory LLC invested approximately $248,000 in Freedom Holding Corp. by purchasing 1,874 shares during the first quarter.
• Several institutional investors, including D. E. Shaw & Co. Inc., have significantly increased their stakes in Freedom, with D. E. Shaw's holdings rising by 1,127.2% in the last quarter.
• Freedom Holding's shares are currently trading around $166.84, with a market capitalization of $9.95 billion and a P/E ratio of 126.39.

Vident Advisory LLC purchased a new stake in Freedom Holding Corp. (NASDAQ:FRHC - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm purchased 1,874 shares of the company's stock, valued at approximately $248,000.

A number of other institutional investors and hedge funds have also made changes to their positions in FRHC. D. E. Shaw & Co. Inc. increased its holdings in shares of Freedom by 1,127.2% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 64,369 shares of the company's stock valued at $8,412,000 after acquiring an additional 59,124 shares during the period. Millennium Management LLC acquired a new position in Freedom during the 4th quarter valued at about $2,130,000. BNP Paribas Financial Markets acquired a new position in Freedom during the 4th quarter valued at about $1,534,000. California State Teachers Retirement System increased its position in Freedom by 153.6% during the 4th quarter. California State Teachers Retirement System now owns 16,512 shares of the company's stock valued at $2,158,000 after buying an additional 10,000 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp acquired a new position in Freedom during the 4th quarter valued at about $1,189,000. 1.26% of the stock is currently owned by hedge funds and other institutional investors.

Freedom Trading Up 3.5%

Shares of NASDAQ:FRHC opened at $166.84 on Wednesday. The business's 50-day moving average is $168.90 and its 200 day moving average is $152.61. Freedom Holding Corp. has a 1 year low of $91.12 and a 1 year high of $194.01. The firm has a market capitalization of $9.95 billion, a P/E ratio of 126.39 and a beta of 1.07. 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 announced its earnings results on Friday, August 8th. The company reported $0.50 earnings per share (EPS) for the quarter. Freedom had a return on equity of 6.49% and a net margin of 3.78%.The company had revenue of $533.42 million for the quarter.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.