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

Lesaka Technologies, Inc. (NASDAQ:LSAK - Get Free Report) Chairman Ali Mazanderani purchased 30,930 shares of the stock in a transaction that occurred on Thursday, March 27th. The stock was bought at an average cost of $5.00 per share, with a total value of $154,650.00. Following the completion of the transaction, the chairman now directly owns 469,826 shares in the company, valued at $2,349,130. The trade was a 7.05 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

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

Lesaka Technologies Stock Performance

Shares of LSAK stock traded down $0.16 during trading on Friday, hitting $4.58. The company's stock had a trading volume of 9,839 shares, compared to its average volume of 29,243. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 0.40. The company has a market cap of $362.39 million, a PE ratio of -7.51 and a beta of 0.82. The business has a fifty day moving average of $4.85 and a 200-day moving average of $5.05. Lesaka Technologies, Inc. has a 52 week low of $3.83 and a 52 week high of $5.60.

Lesaka Technologies (NASDAQ:LSAK - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 anticipate that Lesaka Technologies, Inc. will post -0.16 earnings per share for the current year.

Institutional Trading of Lesaka Technologies

A number of large investors have recently added to or reduced their stakes in the stock. Barclays PLC grew its position in shares of 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 acquiring an additional 4,684 shares during the period. Renaissance Technologies LLC lifted its stake in Lesaka Technologies by 9.7% in the fourth 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 grew its holdings in Lesaka Technologies by 1.0% during the fourth 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 during the period. Hedge funds and other 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.