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, HoldingsChannel.com reports. The firm owned 1,897 shares of the company’s stock after selling 3,493 shares during the quarter. Quest Partners LLC’s holdings in Freedom were worth $180,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Quadrature Capital Ltd bought a new position in Freedom during the 1st quarter valued at about $426,000. Marshall Wace LLP bought a new position in Freedom during the 2nd quarter valued at about $618,000. Sparta 24 Ltd. bought a new position in Freedom during the 2nd quarter valued at about $1,996,000. Algert Global LLC grew its holdings in 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 last quarter. Finally, Handelsbanken Fonder AB grew its holdings in 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 last quarter. 1.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Freedom

In other Freedom news, CEO Robert Wotczak sold 650 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $117.80, for a total value of $76,570.00. Following the completion of the sale, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Azamat Yerdessov sold 7,521 shares of the business’s stock in a transaction dated 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 sale, 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 disclosure for this sale can be found here. Insiders sold a total of 10,171 shares of company stock valued at $1,188,117 in the last three months. Company insiders own 70.40% of the company’s stock.

Freedom Stock Performance

Shares of NASDAQ:FRHC 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. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.24. Freedom Holding Corp. has a 12 month low of $64.00 and a 12 month high of $123.17. The firm’s 50-day moving average is $106.10 and its 200 day moving average is $90.59.

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.