Freedom Holding Corp. (NASDAQ:FRHC) Shares Sold by Algert Global LLC

Algert Global LLC trimmed its holdings in shares of Freedom Holding Corp. (NASDAQ:FRHC - Free Report) by 72.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,650 shares of the company's stock after selling 4,255 shares during the quarter. Algert Global LLC's holdings in Freedom were worth $216,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Barclays PLC raised its holdings in shares of Freedom by 1,263.2% during 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. JPMorgan Chase & Co. raised its stake in Freedom by 1.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,863 shares of the company's stock valued at $840,000 after purchasing an additional 124 shares during the last quarter. Handelsbanken Fonder AB lifted its holdings in Freedom by 18.9% in the 4th quarter. Handelsbanken Fonder AB now owns 4,400 shares of the company's stock valued at $575,000 after purchasing an additional 700 shares in the last quarter. AlphaQuest LLC raised its position in shares of Freedom by 119.0% in the fourth quarter. AlphaQuest LLC now owns 4,154 shares of the company's stock valued at $543,000 after buying an additional 2,257 shares during the last quarter. Finally, Swiss National Bank lifted its stake in shares of Freedom by 1.4% in the fourth quarter. Swiss National Bank now owns 35,900 shares of the company's stock worth $4,692,000 after buying an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 1.26% of the company's stock.

Insider Activity

In other Freedom news, insider Sergey Lukyanov sold 2,901 shares of the stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $160.29, for a total transaction of $465,001.29. Following the completion of the transaction, the insider now owns 124,800 shares of the company's stock, valued at $20,004,192. This trade represents a 2.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Robert Wotczak sold 11,000 shares of Freedom stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $156.88, for a total value of $1,725,680.00. Following the completion of the transaction, the chief executive officer now directly owns 59,000 shares of the company's stock, valued at approximately $9,255,920. This represents a 15.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 30,973 shares of company stock valued at $4,883,489. 70.40% of the stock is currently owned by company insiders.

Freedom Stock Performance

FRHC opened at $163.61 on Wednesday. Freedom Holding Corp. has a twelve month low of $69.00 and a twelve month high of $164.82. The firm has a market capitalization of $9.59 billion, a PE ratio of 30.70 and a beta of 1.14. 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 firm's 50-day moving average price is $135.11 and its 200 day moving average price is $132.69.

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.

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