Marshall Wace LLP Makes New $10.59 Million Investment in Freedom Holding Corp. (NASDAQ:FRHC)

Marshall Wace LLP bought a new stake in shares of Freedom Holding Corp. (NASDAQ:FRHC - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 81,027 shares of the company's stock, valued at approximately $10,589,000. Marshall Wace LLP owned approximately 0.13% of Freedom at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of FRHC. JPMorgan Chase & Co. increased 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 in the last quarter. Headlands Technologies LLC purchased a new position in shares of Freedom during the 4th quarter worth about $30,000. Swiss National Bank increased its position in Freedom by 1.4% during the fourth quarter. Swiss National Bank now owns 35,900 shares of the company's stock worth $4,692,000 after purchasing an additional 500 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Freedom by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 54,034 shares of the company's stock worth $7,062,000 after buying an additional 696 shares during the period. Finally, Handelsbanken Fonder AB lifted its stake in shares of 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. 1.26% of the stock is owned by hedge funds and other institutional investors.

Freedom Stock Up 1.0 %

NASDAQ FRHC traded up $1.46 on Friday, reaching $143.88. The company had a trading volume of 58,352 shares, compared to its average volume of 83,388. Freedom Holding Corp. has a 1 year low of $66.61 and a 1 year high of $164.82. The firm has a 50-day moving average of $134.15 and a 200-day moving average of $128.99. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.28 and a quick ratio of 1.28. The firm has a market capitalization of $8.43 billion, a PE ratio of 26.99 and a beta of 1.10.

Freedom (NASDAQ:FRHC - Get Free Report) last issued its earnings results on Friday, February 7th. The company reported $1.29 earnings per share for the quarter. Freedom had a net margin of 14.99% and a return on equity of 26.63%.

Insider Activity at Freedom

In related news, CFO Evgeny Ler sold 15,114 shares of Freedom stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $157.37, for a total value of $2,378,490.18. Following the transaction, the chief financial officer now owns 38,794 shares in the company, valued at $6,105,011.78. This trade represents a 28.04 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Sergey Lukyanov sold 2,901 shares of the stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $160.29, for a total value of $465,001.29. Following the completion of the sale, the insider now directly owns 124,800 shares of the company's stock, valued at $20,004,192. This represents a 2.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 30,973 shares of company stock worth $4,883,489 over the last quarter. 70.40% of the stock is currently owned by company insiders.

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.