Resona Asset Management Co. Ltd. Makes New $431,000 Investment in Freedom Holding Corp. (NASDAQ:FRHC)

Resona Asset Management Co. Ltd. purchased a new position in Freedom Holding Corp. (NASDAQ:FRHC - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 3,301 shares of the company's stock, valued at approximately $431,000.

Several other hedge funds also recently made changes to their positions in the business. Headlands Technologies LLC acquired a new stake in Freedom during the 4th quarter valued at $30,000. Jane Street Group LLC purchased a new stake in Freedom in the 3rd quarter worth about $206,000. Barclays PLC boosted its position in Freedom by 1,263.2% during the 3rd quarter. Barclays PLC now owns 4,144 shares of the company's stock worth $393,000 after acquiring an additional 3,840 shares during the period. Verition Fund Management LLC purchased a new position in Freedom during the 3rd quarter valued at about $400,000. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Freedom in the 4th quarter valued at about $497,000. Institutional investors and hedge funds own 1.26% of the company's stock.

Insider Transactions at Freedom

In other news, insider Sergey Lukyanov sold 2,901 shares of the stock in a transaction on Friday, February 14th. The shares were sold at an average price of $160.29, for a total transaction of $465,001.29. Following the transaction, the insider now owns 124,800 shares in the company, valued at $20,004,192. This represents a 2.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Evgeny Ler sold 15,114 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $157.37, for a total transaction of $2,378,490.18. Following the completion of the sale, the chief financial officer now owns 38,794 shares of the company's stock, valued at $6,105,011.78. This represents a 28.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 30,973 shares of company stock valued at $4,883,489 in the last three months. Corporate insiders own 70.40% of the company's stock.

Freedom Stock Up 1.6 %

Shares of FRHC stock traded up $1.98 during trading on Thursday, hitting $127.98. 16,004 shares of the company were exchanged, compared to its average volume of 83,210. The firm has a market capitalization of $7.50 billion, a price-to-earnings ratio of 23.91 and a beta of 1.10. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.28 and a current ratio of 1.28. The business's 50-day simple moving average is $137.23 and its 200 day simple moving average is $126.76. Freedom Holding Corp. has a twelve month low of $64.00 and a twelve month high of $164.82.

Freedom (NASDAQ:FRHC - Get Free Report) last posted its quarterly 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%.

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.