Lesaka Technologies, Inc. (NASDAQ:LSAK – Get Free Report) major shareholder Finance Corp International sold 34,219 shares of the firm’s stock in a transaction on Monday, April 6th. The stock was sold at an average price of $4.95, for a total value of $169,384.05. Following the completion of the sale, the insider directly owned 5,624,999 shares of the company’s stock, valued at $27,843,745.05. The trade was a 0.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
Finance Corp International also recently made the following trade(s):
- On Wednesday, April 8th, Finance Corp International sold 19,311 shares of Lesaka Technologies stock. The stock was sold at an average price of $4.93, for a total value of $95,203.23.
- On Tuesday, April 7th, Finance Corp International sold 47,954 shares of Lesaka Technologies stock. The stock was sold at an average price of $4.91, for a total value of $235,454.14.
- On Thursday, April 2nd, Finance Corp International sold 9,928 shares of Lesaka Technologies stock. The shares were sold at an average price of $4.99, for a total transaction of $49,540.72.
- On Wednesday, April 1st, Finance Corp International sold 18,663 shares of Lesaka Technologies stock. The stock was sold at an average price of $4.97, for a total transaction of $92,755.11.
- On Tuesday, March 31st, Finance Corp International sold 32,807 shares of Lesaka Technologies stock. The stock was sold at an average price of $5.02, for a total transaction of $164,691.14.
- On Wednesday, March 25th, Finance Corp International sold 11,104 shares of Lesaka Technologies stock. The shares were sold at an average price of $5.04, for a total transaction of $55,964.16.
- On Tuesday, March 24th, Finance Corp International sold 16,179 shares of Lesaka Technologies stock. The stock was sold at an average price of $5.02, for a total value of $81,218.58.
- On Monday, March 23rd, Finance Corp International sold 2,162 shares of Lesaka Technologies stock. The stock was sold at an average price of $5.03, for a total value of $10,874.86.
- On Thursday, March 19th, Finance Corp International sold 34,607 shares of Lesaka Technologies stock. The shares were sold at an average price of $5.06, for a total value of $175,111.42.
- On Wednesday, March 18th, Finance Corp International sold 4,819 shares of Lesaka Technologies stock. The shares were sold at an average price of $5.38, for a total value of $25,926.22.
Lesaka Technologies Stock Up 0.4%
Shares of LSAK traded up $0.02 during trading hours on Wednesday, hitting $4.90. The company had a trading volume of 108,644 shares, compared to its average volume of 88,610. The stock has a market capitalization of $411.21 million, a price-to-earnings ratio of -7.78 and a beta of 0.39. The firm has a fifty day moving average price of $4.73 and a 200-day moving average price of $4.43. Lesaka Technologies, Inc. has a 52-week low of $3.39 and a 52-week high of $5.54. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.43 and a current ratio of 1.57.
Institutional Trading of Lesaka Technologies
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LSAK. Susquehanna International Group LLP purchased a new stake in Lesaka Technologies during the third quarter valued at approximately $74,000. Citadel Advisors LLC increased its holdings in Lesaka Technologies by 26.4% during the third quarter. Citadel Advisors LLC now owns 18,977 shares of the company’s stock valued at $79,000 after buying an additional 3,959 shares during the last quarter. 9823 Capital L.P. purchased a new stake in Lesaka Technologies during the fourth quarter valued at approximately $94,000. Barclays PLC increased its holdings in Lesaka Technologies by 13,359.8% during the fourth quarter. Barclays PLC now owns 141,866 shares of the company’s stock valued at $677,000 after buying an additional 140,812 shares during the last quarter. Finally, Potomac Capital Management Inc. purchased a new stake in Lesaka Technologies during the fourth quarter valued at approximately $4,766,000. 24.19% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several brokerages have recently issued reports on LSAK. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lesaka Technologies in a research note on Thursday, January 22nd. Wall Street Zen raised shares of Lesaka Technologies to a “hold” rating in a report on Saturday, February 14th. Finally, Zacks Research raised shares of Lesaka Technologies from a “strong sell” rating to a “hold” rating in a report on Friday, January 23rd. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce”.
Get Our Latest Stock Analysis on LSAK
About Lesaka Technologies
Lesaka Technologies, Inc operates as a Fintech company that utilizes its proprietary banking and payment technologies to deliver financial services solutions to merchants (B2B) and consumers (B2C) in Southern Africa. It offers cash management solutions, growth capital, card acquiring, bill payment technologies, and value-added services to formal and informal retail merchants, as well as banking, lending, and insurance solutions to consumers across Southern Africa. The company also engages in the sale of POS devices, SIM cards, and other consumables; and license of rights to use certain technology developed by the company, as well as offers related technology services.
Further Reading
Receive News & Ratings for Lesaka Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lesaka Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
