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

Lesaka Technologies, Inc. (NASDAQ:LSAK) Chairman Ali Mazanderani acquired 30,930 shares of the company’s stock in a transaction on Thursday, March 27th. The stock was acquired 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 directly owns 469,826 shares in the company, valued at approximately $2,349,130. This represents a 7.05 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Tuesday, March 25th, Ali Mazanderani purchased 8,316 shares of Lesaka Technologies stock. The shares were bought at an average price of $4.93 per share, for a total transaction of $40,997.88.

Lesaka Technologies Trading Down 5.9 %

LSAK stock traded down $0.30 during mid-day trading on Monday, reaching $4.77. 72,132 shares of the stock traded hands, compared to its average volume of 29,295. Lesaka Technologies, Inc. has a one year low of $3.67 and a one year high of $5.60. The stock has a market capitalization of $377.43 million, a PE ratio of -7.82 and a beta of 0.82. 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 business has a 50-day moving average price of $4.88 and a two-hundred day moving average price of $5.05.

Lesaka Technologies (NASDAQ:LSAK) last issued 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%. Equities research analysts expect that Lesaka Technologies, Inc. will post -0.16 EPS for the current year.

Institutional Investors Weigh In On Lesaka Technologies

Several institutional investors have recently bought and sold shares of LSAK. Hosking Partners LLP increased its position in shares of Lesaka Technologies by 1.0% during the fourth 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 stake in Lesaka Technologies by 9.7% during the 4th quarter. Renaissance Technologies LLC now owns 197,700 shares of the company’s stock worth $1,077,000 after buying an additional 17,481 shares during the last quarter. Finally, Barclays PLC increased its position in Lesaka Technologies by 444.4% during the 4th 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. 24.19% of the stock is currently owned by institutional investors and hedge funds.

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.