GSA Capital Partners LLP Makes New $682,000 Investment in Freedom Holding Corp. $FRHC

GSA Capital Partners LLP bought a new position in Freedom Holding Corp. (NASDAQ:FRHC) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,228 shares of the company’s stock, valued at approximately $682,000.

Other institutional investors have also recently made changes to their positions in the company. Amundi bought a new stake in shares of Freedom during the first quarter valued at approximately $483,000. Millennium Management LLC raised its holdings in Freedom by 648.1% in the 1st quarter. Millennium Management LLC now owns 121,942 shares of the company’s stock worth $16,117,000 after acquiring an additional 105,641 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Freedom by 214.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 75,018 shares of the company’s stock valued at $9,915,000 after acquiring an additional 51,159 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Freedom by 11.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 37,068 shares of the company’s stock valued at $4,899,000 after acquiring an additional 3,771 shares in the last quarter. Finally, Jane Street Group LLC boosted its stake in Freedom by 86.1% during the 1st quarter. Jane Street Group LLC now owns 7,583 shares of the company’s stock valued at $1,002,000 after purchasing an additional 3,509 shares during the last quarter. Hedge funds and other institutional investors own 1.26% of the company’s stock.

Insider Transactions at Freedom

In other Freedom news, CTO Renat Tukanov sold 1,800 shares of the stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $140.82, for a total value of $253,476.00. Following the transaction, the chief technology officer owned 10,200 shares of the company’s stock, valued at approximately $1,436,364. This represents a 15.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Azamat Yerdessov sold 16,800 shares of the stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $155.48, for a total value of $2,612,064.00. Following the completion of the transaction, the insider directly owned 227,442 shares in the company, valued at approximately $35,362,682.16. This represents a 6.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 18,957 shares of company stock worth $2,915,891 in the last ninety days. Insiders own 69.80% of the company’s stock.

Freedom Trading Down 1.0%

Shares of FRHC stock opened at $159.15 on Thursday. Freedom Holding Corp. has a 12-month low of $107.97 and a 12-month high of $181.88. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.04. The firm’s 50 day moving average is $149.31 and its 200 day moving average is $142.49. The stock has a market capitalization of $10.15 billion, a P/E ratio of 62.91 and a beta of 0.67.

Freedom (NASDAQ:FRHC) last posted its earnings results on Monday, August 10th. The company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.35). The company had revenue of $554.96 million during the quarter, compared to the consensus estimate of $124.14 million. Freedom had a return on equity of 10.96% and a net margin of 6.47%.

Wall Street Analyst Weigh In

FRHC has been the subject of a number of research analyst reports. HC Wainwright reissued a “buy” rating on shares of Freedom in a report on Monday, July 20th. Weiss Ratings raised Freedom from a “sell (d+)” rating to a “hold (c)” rating in a report on Tuesday, June 2nd. Wedbush set a $180.00 price objective on Freedom in a research report on Thursday, August 6th. Finally, KeyCorp reiterated a “market perform” rating on shares of Freedom in a report on Friday, June 5th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $159.00.

Freedom Profile

Freedom Holding Corp (NASDAQ: FRHC) is a diversified financial services holding company that provides a broad range of brokerage, trading, investment banking, and asset management services. Through its subsidiaries, the company caters to retail, institutional, and corporate clients by offering access to global capital markets, equity and fixed-income trading, and research-driven investment strategies.

The firm’s product suite includes online and over-the-counter brokerage platforms, margin lending, securities underwriting, and M&A advisory services.