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

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

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

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

Lesaka Technologies Price Performance

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

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Hosking Partners LLP raised its holdings in shares of Lesaka Technologies by 1.0% in the 4th 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. 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 period. Finally, Renaissance Technologies LLC raised 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. Institutional investors 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.