Freedom (NASDAQ:FRHC) Issues Quarterly Earnings Results

Key Points

• Freedom (NASDAQ:FRHC) reported quarterly earnings of $0.50 per share, with a return on equity of 6.92% and a net margin of 4.13%.
• Shares of Freedom fell by $7.66 to $178.29 during mid-day trading, with a market cap of $10.45 billion and a PE ratio of 133.78.
• Several institutional investors increased their stakes in Freedom in Q1, with Goldman Sachs Group Inc. boosting its holdings by 214.4%.

Freedom (NASDAQ:FRHC - Get Free Report) issued its quarterly earnings data on Friday. The company reported $0.50 earnings per share for the quarter, Zacks reports. Freedom had a return on equity of 6.92% and a net margin of 4.13%.

Freedom Price Performance

Shares of NASDAQ FRHC traded down $7.66 during mid-day trading on Friday, reaching $178.29. The company had a trading volume of 130,362 shares, compared to its average volume of 162,392. The company has a 50-day moving average price of $157.88 and a two-hundred day moving average price of $148.55. Freedom has a 1-year low of $83.78 and a 1-year high of $194.01. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.03. The stock has a market cap of $10.45 billion, a PE ratio of 133.78 and a beta of 1.14.

Institutional Investors Weigh In On Freedom

Several institutional investors have recently made changes to their positions in FRHC. Acadian Asset Management LLC acquired a new position in Freedom during the first quarter worth $261,000. Amundi bought a new position in shares of Freedom in the 1st quarter valued at about $483,000. Jane Street Group LLC grew its stake in shares of Freedom by 86.1% during the first quarter. Jane Street Group LLC now owns 7,583 shares of the company's stock worth $1,002,000 after purchasing an additional 3,509 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Freedom by 11.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 37,068 shares of the company's stock worth $4,899,000 after purchasing an additional 3,771 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Freedom by 214.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 75,018 shares of the company's stock valued at $9,915,000 after purchasing an additional 51,159 shares in the last quarter. 1.26% of the stock is currently owned by institutional investors and hedge funds.

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.

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