Lesaka Technologies, Inc. (NASDAQ:LSAK) Chairman Buys $40,997.88 in Stock

Lesaka Technologies, Inc. (NASDAQ:LSAK) Chairman Ali Mazanderani purchased 8,316 shares of the firm’s stock in a transaction dated Tuesday, March 25th. The stock was acquired 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 directly owns 405,600 shares in the company, valued at approximately $1,999,608. This trade represents a 2.09 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Lesaka Technologies Stock Performance

NASDAQ LSAK traded up $0.01 during trading hours on Thursday, reaching $5.02. The company’s stock had a trading volume of 49,042 shares, compared to its average volume of 28,614. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 0.40. The business has a 50-day simple moving average of $4.89 and a 200 day simple moving average of $5.04. Lesaka Technologies, Inc. has a 52 week low of $3.65 and a 52 week high of $5.60. The stock has a market cap of $397.21 million, a PE ratio of -8.23 and a beta of 0.82.

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

Hedge Funds Weigh In On Lesaka Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Barclays PLC increased its position in Lesaka Technologies by 444.4% in the 4th quarter. Barclays PLC now owns 5,738 shares of the company’s stock valued at $32,000 after acquiring an additional 4,684 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Lesaka Technologies by 9.7% in the fourth quarter. Renaissance Technologies LLC now owns 197,700 shares of the company’s stock valued at $1,077,000 after buying an additional 17,481 shares during the period. Finally, Hosking Partners LLP boosted its stake 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 buying an additional 28,644 shares in the last quarter. 24.19% of the stock is currently owned by institutional investors and hedge funds.

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.