Lesaka Technologies, Inc. (NASDAQ:LSAK - Get Free Report) Chairman Ali Mazanderani acquired 8,316 shares of Lesaka Technologies stock in a transaction on Tuesday, March 25th. The stock was purchased at an average cost of $4.93 per share, with a total value of $40,997.88. Following the purchase, the chairman now directly owns 405,600 shares of the company's stock, 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 link.
Lesaka Technologies Stock Performance
Shares of LSAK opened at $5.02 on Friday. The firm has a market capitalization of $397.21 million, a P/E ratio of -8.23 and a beta of 0.82. Lesaka Technologies, Inc. has a 52 week low of $3.66 and a 52 week high of $5.60. The stock has a 50 day moving average price of $4.89 and a two-hundred day moving average price of $5.04. 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 - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate 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 analysts forecast that Lesaka Technologies, Inc. will post -0.16 earnings per share for the current fiscal year.
Institutional Trading of Lesaka Technologies
Several institutional investors and hedge funds have recently made changes to their positions in the company. Hosking Partners LLP grew its position in Lesaka Technologies by 1.0% in the 4th quarter. Hosking Partners LLP now owns 2,807,998 shares of the company's stock worth $15,304,000 after purchasing an additional 28,644 shares in the last quarter. Renaissance Technologies LLC grew 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 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 valued at $32,000 after acquiring an additional 4,684 shares during the last quarter. Hedge funds and other institutional investors own 24.19% of the company's stock.
About Lesaka Technologies
(
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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.
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