Walleye Capital LLC Makes New $819,000 Investment in Freedom Holding Corp. $FRHC

Walleye Capital LLC acquired a new stake in Freedom Holding Corp. (NASDAQ:FRHC) in the 2nd quarter, HoldingsChannel reports. The fund acquired 5,607 shares of the company’s stock, valued at approximately $819,000.

A number of other institutional investors have also recently made changes to their positions in FRHC. Twin Tree Management LP acquired a new stake in Freedom during the 1st quarter worth approximately $29,000. Signaturefd LLC increased its position in shares of Freedom by 23.8% during the second quarter. Signaturefd LLC now owns 406 shares of the company’s stock worth $59,000 after acquiring an additional 78 shares during the period. Amalgamated Bank acquired a new stake in shares of Freedom in the second quarter valued at $211,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Freedom in the second quarter valued at $215,000. Finally, Virtu Financial LLC purchased a new position in Freedom in the first quarter valued at $219,000. Institutional investors and hedge funds own 1.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on FRHC. Weiss Ratings restated a “sell (d+)” rating on shares of Freedom in a report on Monday. Loop Capital set a $100.00 price objective on Freedom in a research report on Thursday, December 4th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell” and a consensus price target of $100.00.

Freedom Stock Performance

NASDAQ:FRHC opened at $134.07 on Thursday. Freedom Holding Corp. has a 12 month low of $111.85 and a 12 month high of $194.01. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.16 and a quick ratio of 1.16. The firm has a market capitalization of $8.20 billion, a PE ratio of 2,234.50 and a beta of 0.91. The business’s fifty day moving average price is $148.06 and its 200 day moving average price is $158.17.

Freedom (NASDAQ:FRHC) last released its quarterly earnings data on Friday, November 7th. The company reported $0.63 earnings per share (EPS) for the quarter. Freedom had a return on equity of 0.38% and a net margin of 0.23%.The business had revenue of $526.11 million during the quarter.

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.