Insider Buying: Lesaka Technologies, Inc. (NASDAQ:LSAK) Chairman Purchases 20,000 Shares of Stock

Lesaka Technologies, Inc. (NASDAQ:LSAK) Chairman Ali Mazanderani acquired 20,000 shares of the company’s stock in a transaction on Monday, March 31st. The shares were purchased at an average cost of $4.96 per share, with a total value of $99,200.00. Following the completion of the purchase, the chairman now directly owns 525,115 shares of the company’s stock, valued at $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 Securities & Exchange Commission, 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 price of $5.00 per share, with a total value of $154,650.00.
• On Tuesday, March 25th, Ali Mazanderani bought 8,316 shares of Lesaka Technologies stock. The shares were bought at an average cost of $4.93 per share, with a total value of $40,997.88.

Lesaka Technologies Trading Down 3.0 %

LSAK stock traded down $0.15 during trading on Wednesday, hitting $4.85. The company had a trading volume of 26,244 shares, compared to its average volume of 29,377. The firm has a market capitalization of $383.76 million, a P/E ratio of -7.95 and a beta of 0.82. 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 company has a 50 day simple moving average of $4.87 and a 200-day simple moving average of $5.06.

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

Institutional Investors Weigh In On Lesaka Technologies

Several institutional investors have recently added to or reduced their stakes in the business. Hosking Partners LLP raised its stake 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 acquiring an additional 28,644 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Lesaka Technologies by 9.7% during 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 during the period. Finally, Barclays PLC increased its holdings in Lesaka Technologies by 444.4% in the fourth quarter. Barclays PLC now owns 5,738 shares of the company’s stock valued at $32,000 after buying an additional 4,684 shares in the last quarter. Institutional investors and hedge funds own 24.19% of the company’s stock.

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.