Freedom Holding Corp. (NASDAQ:FRHC) CEO Robert Wotczak Sells 11,000 Shares

Freedom Holding Corp. (NASDAQ:FRHC) CEO Robert Wotczak sold 11,000 shares of Freedom stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $156.88, for a total value 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 approximately $9,255,920. This trade represents a 15.71 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Robert Wotczak also recently made the following trade(s):

• On Monday, November 25th, Robert Wotczak sold 2,000 shares of Freedom stock. The stock was sold at an average price of $117.60, for a total value of $235,200.00.
• On Friday, November 22nd, Robert Wotczak sold 650 shares of Freedom stock. The stock was sold at an average price of $117.80, for a total value of $76,570.00.

Freedom Trading Down 5.4 %

NASDAQ FRHC opened at $146.11 on Friday. Freedom Holding Corp. has a 1-year low of $64.00 and a 1-year high of $164.82. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.40. The stock has a 50-day moving average of $138.71 and a 200-day moving average of $115.73. The firm has a market cap of $8.86 billion, a PE ratio of 27.41 and a beta of 1.01.

Freedom (NASDAQ:FRHC) last released its earnings results on Friday, February 7th. The company reported $1.29 earnings per share for the quarter. Freedom had a return on equity of 26.63% and a net margin of 14.99%.

Institutional Investors Weigh In On Freedom

Hedge funds and other institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. lifted its stake in shares of Freedom by 1.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,863 shares of the company’s stock valued at $840,000 after acquiring an additional 124 shares during the last quarter. Barclays PLC lifted its stake in shares of Freedom by 1,263.2% in the 3rd quarter. Barclays PLC now owns 4,144 shares of the company’s stock valued at $393,000 after acquiring an additional 3,840 shares during the last quarter. State Street Corp lifted its stake in shares of Freedom by 19.0% in the 3rd quarter. State Street Corp now owns 45,155 shares of the company’s stock valued at $4,279,000 after acquiring an additional 7,207 shares during the last quarter. Geode Capital Management LLC increased its holdings in Freedom by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 53,338 shares of the company’s stock valued at $5,054,000 after purchasing an additional 811 shares during the period. Finally, Verition Fund Management LLC purchased a new position in Freedom during the 3rd quarter valued at about $400,000. Institutional investors own 1.26% of the company’s stock.

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.