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

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

Lesaka Technologies Stock Up 0.2 %

LSAK traded up $0.01 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 debt-to-equity ratio of 0.40, a current ratio of 0.93 and a quick ratio of 0.81. Lesaka Technologies, Inc. has a 1 year low of $3.65 and a 1 year high of $5.60. The business’s 50 day moving average is $4.89 and its 200 day moving average is $5.04. The stock has a market cap of $397.21 million, a price-to-earnings ratio of -8.23 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) 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%. As a group, research analysts forecast that Lesaka Technologies, Inc. will post -0.16 EPS for the current fiscal year.

Institutional Investors Weigh In On Lesaka Technologies

Institutional investors have recently modified their holdings of the stock. Hosking Partners LLP increased its holdings 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 grew its position in shares of 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 acquiring an additional 17,481 shares in the last quarter. Finally, Barclays PLC increased 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. Institutional investors and hedge funds own 24.19% of the company’s stock.

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.