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 the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $156.88, for a total transaction of $1,725,680.00. Following the transaction, the chief executive officer now directly owns 59,000 shares in the company, valued at approximately $9,255,920. This trade 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 accessible through the SEC website.

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 shares were sold at an average price of $117.80, for a total transaction of $76,570.00.

Freedom Price Performance

FRHC stock traded down $3.39 on Thursday, reaching $153.16. The company had a trading volume of 28,590 shares, compared to its average volume of 94,802. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.28 and a current ratio of 1.28. Freedom Holding Corp. has a 1 year low of $64.00 and a 1 year high of $164.82. The company’s fifty day moving average is $137.94 and its 200 day moving average is $114.77. The company has a market cap of $9.28 billion, a P/E ratio of 28.86 and a beta of 1.01.

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Marshall Wace LLP purchased a new stake in Freedom during the fourth quarter valued at about $10,589,000. D. E. Shaw & Co. Inc. grew its position in Freedom by 1,127.2% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 64,369 shares of the company’s stock valued at $8,412,000 after acquiring an additional 59,124 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Freedom by 286.0% during the 4th quarter. JPMorgan Chase & Co. now owns 34,213 shares of the company’s stock valued at $4,471,000 after purchasing an additional 25,350 shares in the last quarter. Millennium Management LLC acquired a new position in Freedom in the 4th quarter worth $2,130,000. Finally, BNP Paribas Financial Markets purchased a new position in Freedom in the fourth quarter valued at about $1,534,000. 1.26% of the stock is currently owned by hedge funds and other institutional investors.

About Freedom

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.