Lesaka Technologies, Inc. (NASDAQ:LSAK) Shares Acquired by Rathbones Group PLC

Rathbones Group PLC increased its holdings in shares of Lesaka Technologies, Inc. (NASDAQ:LSAK) by 100.0% in the second quarter, Holdings Channel reports. The firm owned 1,272,332 shares of the company’s stock after buying an additional 636,166 shares during the quarter. Rathbones Group PLC’s holdings in Lesaka Technologies were worth $5,955,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, Russell Investments Group Ltd. boosted its stake in shares of Lesaka Technologies by 3.7% during the first quarter. Russell Investments Group Ltd. now owns 87,046 shares of the company’s stock worth $326,000 after buying an additional 3,137 shares during the period. Hedge funds and other institutional investors own 24.19% of the company’s stock.

Lesaka Technologies Stock Performance

NASDAQ LSAK opened at $4.32 on Monday. The business’s 50-day moving average price is $4.75 and its 200 day moving average price is $4.47. The company has a quick ratio of 1.41, a current ratio of 1.60 and a debt-to-equity ratio of 0.76. The firm has a market cap of $274.75 million, a P/E ratio of -11.37 and a beta of 0.94. Lesaka Technologies, Inc. has a 52-week low of $3.00 and a 52-week high of $5.33.

Lesaka Technologies (NASDAQ:LSAK) last released its earnings results on Wednesday, September 11th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.02). Lesaka Technologies had a negative net margin of 3.09% and a negative return on equity of 9.89%. The company had revenue of $146.05 million during the quarter, compared to analyst estimates of $149.30 million. During the same period in the previous year, the firm posted ($0.19) EPS. On average, equities research analysts expect that Lesaka Technologies, Inc. will post -0.09 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Christopher G.B. Meyer sold 10,000 shares of Lesaka Technologies stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $4.89, for a total value of $48,900.00. Following the sale, the director now owns 665,868 shares of the company’s stock, valued at $3,256,094.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders sold 106,217 shares of company stock worth $496,322. 4.37% of the stock is owned by insiders.

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.