Quest Partners LLC Sells 3,493 Shares of Freedom Holding Corp. (NASDAQ:FRHC)

Quest Partners LLC trimmed its position in shares of Freedom Holding Corp. (NASDAQ:FRHC) by 64.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,897 shares of the company’s stock after selling 3,493 shares during the period. Quest Partners LLC’s holdings in Freedom were worth $180,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of FRHC. Quadrature Capital Ltd bought a new stake in shares of Freedom during the 1st quarter valued at $426,000. Sparta 24 Ltd. bought a new stake in shares of Freedom during the 2nd quarter valued at $1,996,000. Marshall Wace LLP bought a new stake in shares of Freedom during the 2nd quarter valued at $618,000. Algert Global LLC raised its position in shares of Freedom by 44.0% during the 2nd quarter. Algert Global LLC now owns 5,905 shares of the company’s stock valued at $445,000 after purchasing an additional 1,805 shares during the period. Finally, Handelsbanken Fonder AB raised its position in shares of Freedom by 15.6% during the 3rd quarter. Handelsbanken Fonder AB now owns 3,700 shares of the company’s stock valued at $351,000 after purchasing an additional 500 shares during the period. 1.26% of the stock is currently owned by institutional investors.

Insider Activity at Freedom

In related news, insider Azamat Yerdessov sold 7,521 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $116.52, for a total transaction of $876,346.92. Following the completion of the transaction, the insider now directly owns 90,817 shares of the company’s stock, valued at approximately $10,581,996.84. This trade represents a 7.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Robert Wotczak sold 650 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $117.80, for a total transaction of $76,570.00. Following the transaction, the chief executive officer now directly owns 72,000 shares of the company’s stock, valued at $8,481,600. The trade was a 0.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,171 shares of company stock valued at $1,188,117. Corporate insiders own 70.40% of the company’s stock.

Freedom Stock Up 0.9 %

Shares of FRHC stock opened at $118.43 on Thursday. The company has a market capitalization of $7.18 billion, a price-to-earnings ratio of 20.89 and a beta of 1.02. Freedom Holding Corp. has a one year low of $64.00 and a one year high of $123.17. The company’s fifty day moving average price is $106.10 and its 200-day moving average price is $90.59. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.26 and a quick ratio of 1.26.

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.