Balyasny Asset Management L.P. Sells 13,214 Shares of Freedom Holding Corp. (NASDAQ:FRHC)

Balyasny Asset Management L.P. trimmed its position in shares of Freedom Holding Corp. (NASDAQ:FRHC) by 53.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,647 shares of the company’s stock after selling 13,214 shares during the quarter. Balyasny Asset Management L.P.’s holdings in Freedom were worth $1,522,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Headlands Technologies LLC bought a new stake in shares of Freedom during the fourth quarter valued at approximately $30,000. Tower Research Capital LLC TRC grew its stake in shares of Freedom by 27.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,065 shares of the company’s stock valued at $139,000 after purchasing an additional 232 shares during the last quarter. Aquatic Capital Management LLC grew its stake in shares of Freedom by 555.5% during the fourth quarter. Aquatic Capital Management LLC now owns 1,311 shares of the company’s stock valued at $171,000 after purchasing an additional 1,111 shares during the last quarter. Walleye Capital LLC bought a new stake in shares of Freedom during the fourth quarter valued at approximately $221,000. Finally, Resona Asset Management Co. Ltd. bought a new stake in shares of Freedom during the fourth quarter valued at approximately $431,000. 1.26% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Robert Wotczak sold 11,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $156.88, for a total transaction of $1,725,680.00. Following the sale, the chief executive officer now directly owns 59,000 shares of the company’s stock, valued at $9,255,920. This represents a 15.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 transaction of $465,001.29. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 30,973 shares of company stock valued at $4,883,489 over the last three months. 70.40% of the stock is owned by insiders.

Freedom Price Performance

FRHC opened at $163.61 on Wednesday. Freedom Holding Corp. has a one year low of $69.00 and a one year high of $164.82. 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 company’s 50 day simple moving average is $135.11 and its 200-day simple moving average is $132.69. The stock has a market capitalization of $9.59 billion, a P/E ratio of 30.70 and a beta of 1.14.

Freedom Company 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.