Sparta 24 Ltd. Takes $2 Million Position in Freedom Holding Corp. (NASDAQ:FRHC)

Sparta 24 Ltd. purchased a new stake in shares of Freedom Holding Corp. (NASDAQ:FRHC) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 26,478 shares of the company’s stock, valued at approximately $1,996,000. Freedom accounts for about 1.8% of Sparta 24 Ltd.’s holdings, making the stock its 12th largest position.

Several other hedge funds have also recently bought and sold shares of FRHC. EntryPoint Capital LLC increased its stake in shares of Freedom by 110.7% in the first quarter. EntryPoint Capital LLC now owns 986 shares of the company’s stock worth $70,000 after acquiring an additional 518 shares during the last quarter. Quest Partners LLC acquired a new position in Freedom in the 4th quarter worth about $79,000. Jump Financial LLC acquired a new stake in shares of Freedom during the 4th quarter valued at about $311,000. Quadrature Capital Ltd bought a new stake in shares of Freedom in the 1st quarter valued at approximately $426,000. Finally, Hsbc Holdings PLC increased its holdings in Freedom by 21.9% in the fourth quarter. Hsbc Holdings PLC now owns 48,357 shares of the company’s stock worth $3,945,000 after buying an additional 8,674 shares during the last quarter. 1.26% of the stock is owned by hedge funds and other institutional investors.

Freedom Price Performance

Shares of FRHC opened at $92.96 on Tuesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.20 and a current ratio of 1.20. The firm has a market cap of $5.64 billion, a PE ratio of 14.73 and a beta of 1.04. Freedom Holding Corp. has a twelve month low of $64.00 and a twelve month high of $95.16. The firm’s 50 day moving average price is $84.50 and its 200 day moving average price is $77.07.

Freedom (NASDAQ:FRHC) last released its quarterly earnings data on Friday, August 9th. The company reported $0.57 earnings per share (EPS) for the quarter. The business had revenue of $450.72 million during the quarter. Freedom had a net margin of 19.32% and a return on equity of 32.00%.

Freedom Company Profile

Freedom Holding Corp., through its subsidiaries, provides retail securities brokerage, research, investment counseling, securities trading, market making, retail banking, corporate investment banking, and underwriting 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; 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.