Lesaka Technologies, Inc. (NASDAQ:LSAK) Chairman Purchases $99,200.00 in Stock

Lesaka Technologies, Inc. (NASDAQ:LSAK) Chairman Ali Mazanderani purchased 20,000 shares of Lesaka Technologies stock in a transaction dated Monday, March 31st. The shares were bought at an average price of $4.96 per share, for a total transaction of $99,200.00. Following the acquisition, the chairman now owns 525,115 shares in the company, valued at approximately $2,604,570.40. This trade represents a 3.96 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Ali Mazanderani also recently made the following trade(s):

• On Thursday, March 27th, Ali Mazanderani bought 30,930 shares of Lesaka Technologies stock. The shares were acquired at an average cost of $5.00 per share, with a total value of $154,650.00.
• On Tuesday, March 25th, Ali Mazanderani purchased 8,316 shares of Lesaka Technologies stock. The stock was acquired at an average cost of $4.93 per share, for a total transaction of $40,997.88.

Lesaka Technologies Trading Down 3.0 %

LSAK traded down $0.15 on Wednesday, hitting $4.85. The company had a trading volume of 26,244 shares, compared to its average volume of 29,377. The company’s fifty day moving average price is $4.87 and its 200 day moving average price is $5.06. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 0.40. Lesaka Technologies, Inc. has a 1 year low of $3.83 and a 1 year high of $5.60. The firm has a market cap of $383.76 million, a P/E ratio of -7.95 and a beta of 0.82.

Lesaka Technologies (NASDAQ:LSAK) last released its quarterly earnings results on Wednesday, February 5th. The company reported ($0.40) EPS 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%. As a group, equities analysts expect that Lesaka Technologies, Inc. will post -0.16 earnings per share for the current year.

Hedge Funds Weigh In On Lesaka Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of LSAK. Hosking Partners LLP grew its holdings in shares of Lesaka Technologies by 1.0% in 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. Renaissance Technologies LLC grew its stake 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 worth $1,077,000 after acquiring an additional 17,481 shares in the last quarter. Finally, Barclays PLC increased its position in shares of Lesaka Technologies by 444.4% during the fourth quarter. Barclays PLC now owns 5,738 shares of the company’s stock worth $32,000 after acquiring an additional 4,684 shares during the period. 24.19% of the stock is currently owned by hedge funds and other institutional investors.

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.