Lesaka Technologies, Inc. (NASDAQ:LSAK) Chairman Acquires $40,997.88 in Stock

Lesaka Technologies, Inc. (NASDAQ:LSAK - Get Free Report) Chairman Ali Mazanderani purchased 8,316 shares of the business's stock in a transaction that occurred on Tuesday, March 25th. The stock was bought 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 owns 405,600 shares of the company's stock, valued at $1,999,608. This trade represents a 2.09 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Thursday, March 27th, Ali Mazanderani acquired 30,930 shares of Lesaka Technologies stock. The stock was bought at an average cost of $5.00 per share, with a total value of $154,650.00.

Lesaka Technologies Price Performance

Shares of NASDAQ LSAK traded down $0.30 during mid-day trading on Monday, reaching $4.77. The company had a trading volume of 72,760 shares, compared to its average volume of 29,295. The firm has a market cap of $377.43 million, a price-to-earnings ratio of -7.82 and a beta of 0.82. The business's 50-day simple moving average is $4.88 and its 200 day simple moving average is $5.05. Lesaka Technologies, Inc. has a one year low of $3.67 and a one year 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.

Lesaka Technologies (NASDAQ:LSAK - Get Free Report) last issued its 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%. On average, research analysts predict that Lesaka Technologies, Inc. will post -0.16 earnings per share for the current fiscal year.

Institutional Trading of Lesaka Technologies

Institutional investors and hedge funds have recently modified their holdings of the business. Barclays PLC raised its stake in Lesaka Technologies by 444.4% during the fourth quarter. Barclays PLC now owns 5,738 shares of the company's stock worth $32,000 after acquiring an additional 4,684 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Lesaka Technologies by 9.7% during the 4th quarter. Renaissance Technologies LLC now owns 197,700 shares of the company's stock valued at $1,077,000 after purchasing an additional 17,481 shares during the last quarter. Finally, Hosking Partners LLP increased its position in Lesaka Technologies by 1.0% during the 4th 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. 24.19% of the stock is currently owned by institutional investors.

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.