Freedom (NASDAQ:FRHC) Sees Strong Trading Volume

Freedom Holding Corp. (NASDAQ:FRHC) saw unusually-strong trading volume on Monday . Approximately 19,980 shares were traded during trading, a decline of 64% from the previous session’s volume of 55,851 shares.The stock last traded at $74.38 and had previously closed at $74.54.

Freedom Stock Performance

The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.23 and a current ratio of 1.23. The business’s 50 day moving average is $69.64 and its two-hundred day moving average is $76.51.

Insider Activity at Freedom

In related news, CTO Renat Tukanov sold 3,000 shares of Freedom stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $75.43, for a total transaction of $226,290.00. Following the transaction, the chief technology officer now owns 9,006 shares in the company, valued at approximately $679,322.58. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 71.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Hsbc Holdings PLC lifted its stake in shares of Freedom by 21.9% during the 4th quarter. Hsbc Holdings PLC now owns 48,357 shares of the company’s stock valued at $3,945,000 after buying an additional 8,674 shares in the last quarter. Swiss National Bank increased its holdings in shares of Freedom by 1.0% in the 3rd quarter. Swiss National Bank now owns 39,300 shares of the company’s stock worth $3,329,000 after buying an additional 400 shares during the last quarter. State of New Jersey Common Pension Fund D increased its holdings in shares of Freedom by 21.6% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 30,169 shares of the company’s stock worth $2,432,000 after buying an additional 5,351 shares during the last quarter. Algert Global LLC bought a new stake in shares of Freedom in the 3rd quarter worth about $665,000. Finally, Quadrature Capital Ltd bought a new stake in shares of Freedom in the 1st quarter worth about $426,000. Hedge funds and other institutional investors own 1.26% of the company’s stock.

Freedom Company Profile

Freedom Holding Corp., through its subsidiaries, provides retail securities brokerage, research, investment counseling, securities trading, market making, retail banking, corporate investment banking, and underwriting 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; 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.