Lesaka Technologies, Inc. (NASDAQ:LSAK) Chairman Purchases $154,650.00 in Stock

Lesaka Technologies, Inc. (NASDAQ:LSAK) Chairman Ali Mazanderani purchased 30,930 shares of Lesaka Technologies stock in a transaction dated Thursday, March 27th. The shares were acquired at an average cost of $5.00 per share, for a total transaction of $154,650.00. Following the completion of the transaction, the chairman now owns 469,826 shares of the company’s stock, valued at approximately $2,349,130. This represents a 7.05 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Monday, March 31st, Ali Mazanderani purchased 20,000 shares of Lesaka Technologies stock. The stock was acquired at an average cost of $4.96 per share, with a total value of $99,200.00.
• On Tuesday, March 25th, Ali Mazanderani acquired 8,316 shares of Lesaka Technologies stock. The shares were bought at an average price of $4.93 per share, for a total transaction of $40,997.88.

Lesaka Technologies Stock Down 3.0 %

LSAK stock opened at $4.85 on Thursday. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 0.40. Lesaka Technologies, Inc. has a 52 week low of $3.83 and a 52 week high of $5.60. The stock has a market capitalization of $383.76 million, a PE ratio of -7.95 and a beta of 0.82. The firm has a 50 day moving average of $4.86 and a 200 day moving average of $5.05.

Lesaka Technologies (NASDAQ:LSAK) last announced 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 net margin of 7.94% and a negative return on equity of 24.96%. Sell-side analysts forecast that Lesaka Technologies, Inc. will post -0.16 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Hosking Partners LLP boosted its position in 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 buying an additional 28,644 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Lesaka Technologies by 9.7% during the 4th quarter. Renaissance Technologies LLC now owns 197,700 shares of the company’s stock valued at $1,077,000 after acquiring an additional 17,481 shares during the period. Finally, Barclays PLC boosted its holdings in shares of 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 last quarter. 24.19% of the stock is owned by institutional investors and hedge funds.

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.