KLP Kapitalforvaltning AS Sells 200 Shares of Freedom Holding Corp. $FRHC

KLP Kapitalforvaltning AS lessened its stake in Freedom Holding Corp. (NASDAQ:FRHC) by 5.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,600 shares of the company’s stock after selling 200 shares during the period. KLP Kapitalforvaltning AS’s holdings in Freedom were worth $526,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Twin Tree Management LP bought a new stake in shares of Freedom during the 1st quarter valued at $29,000. IFP Advisors Inc bought a new stake in shares of Freedom during the 1st quarter valued at $37,000. GAMMA Investing LLC raised its position in shares of Freedom by 13,133.3% during the 1st quarter. GAMMA Investing LLC now owns 397 shares of the company’s stock valued at $52,000 after acquiring an additional 394 shares during the last quarter. Signaturefd LLC raised its position in shares of Freedom by 23.8% during the 2nd quarter. Signaturefd LLC now owns 406 shares of the company’s stock valued at $59,000 after acquiring an additional 78 shares during the last quarter. Finally, KBC Group NV bought a new stake in shares of Freedom during the 1st quarter valued at $138,000. Institutional investors own 1.26% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Freedom in a report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold”.

Freedom Trading Down 1.9%

Freedom stock opened at $162.29 on Friday. The firm has a 50-day moving average of $170.21 and a 200-day moving average of $158.78. Freedom Holding Corp. has a one year low of $103.90 and a one year high of $194.01. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.18 and a quick ratio of 1.18. The company has a market cap of $9.67 billion, a price-to-earnings ratio of 122.95 and a beta of 1.07.

Freedom (NASDAQ:FRHC) last posted its quarterly earnings data on Friday, August 8th. The company reported $0.50 EPS for the quarter. Freedom had a net margin of 3.78% and a return on equity of 6.49%. The company had revenue of $533.42 million during the quarter.

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.