Lesaka Technologies, Inc. (NASDAQ:LSAK) Chairman Ali Mazanderani Purchases 8,316 Shares

Lesaka Technologies, Inc. (NASDAQ:LSAK) Chairman Ali Mazanderani bought 8,316 shares of the business’s stock in a transaction dated Tuesday, March 25th. The shares were purchased at an average cost of $4.93 per share, with a total value of $40,997.88. Following the completion of the acquisition, the chairman now owns 405,600 shares in the company, valued at approximately $1,999,608. This represents a 2.09 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Lesaka Technologies Stock Up 1.0 %

LSAK opened at $5.07 on Friday. The company has a fifty day moving average of $4.88 and a two-hundred day moving average of $5.05. The stock has a market capitalization of $401.16 million, a price-to-earnings ratio of -8.31 and a beta of 0.82. Lesaka Technologies, Inc. has a fifty-two week low of $3.67 and a fifty-two week high of $5.60. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.81 and a current ratio of 0.93.

Lesaka Technologies (NASDAQ:LSAK) last announced its quarterly earnings results on Wednesday, February 5th. The company reported ($0.40) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.41). Lesaka Technologies had a negative net margin of 7.94% and a negative return on equity of 24.96%. On average, research analysts expect that Lesaka Technologies, Inc. will post -0.16 earnings per share for the current year.

Institutional Investors Weigh In On Lesaka Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Hosking Partners LLP lifted its holdings in Lesaka Technologies by 1.0% during the fourth quarter. Hosking Partners LLP now owns 2,807,998 shares of the company’s stock valued at $15,304,000 after purchasing an additional 28,644 shares in the last quarter. Barclays PLC raised its position in shares of Lesaka Technologies by 444.4% during the 4th quarter. Barclays PLC now owns 5,738 shares of the company’s stock worth $32,000 after purchasing an additional 4,684 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in Lesaka Technologies by 9.7% in the 4th quarter. Renaissance Technologies LLC now owns 197,700 shares of the company’s stock worth $1,077,000 after buying an additional 17,481 shares during the last quarter. Hedge funds and other institutional investors own 24.19% of the company’s stock.

Lesaka Technologies Company Profile

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.