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

Lesaka Technologies, Inc. (NASDAQ:LSAK - Get Free Report) Chairman Ali Mazanderani bought 30,930 shares of the company's stock in a transaction on Thursday, March 27th. The shares were bought at an average price of $5.00 per share, with a total value of $154,650.00. Following the completion of the transaction, the chairman now owns 469,826 shares of the company's stock, valued at $2,349,130. The trade was a 7.05 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, March 31st, Ali Mazanderani acquired 20,000 shares of Lesaka Technologies stock. The shares were bought 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 stock was bought at an average price of $4.93 per share, with a total value of $40,997.88.

Lesaka Technologies Price Performance

NASDAQ LSAK traded down $0.07 during trading hours on Thursday, reaching $4.78. 4,148 shares of the stock traded hands, compared to its average volume of 29,195. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.93 and a quick ratio of 0.81. The stock has a 50 day simple moving average of $4.86 and a two-hundred day simple moving average of $5.05. Lesaka Technologies, Inc. has a 1 year low of $3.83 and a 1 year high of $5.60. The company has a market cap of $378.22 million, a price-to-earnings ratio of -7.86 and a beta of 0.82.

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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 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%. On average, analysts predict that Lesaka Technologies, Inc. will post -0.16 EPS for the current fiscal year.

Institutional Investors Weigh In On Lesaka Technologies

A number of hedge funds have recently made changes to their positions in LSAK. Hosking Partners LLP grew its holdings in shares of Lesaka Technologies by 1.0% during 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 during the last quarter. Renaissance Technologies LLC grew its stake in shares of Lesaka Technologies by 9.7% during the fourth quarter. Renaissance Technologies LLC now owns 197,700 shares of the company's stock valued at $1,077,000 after buying an additional 17,481 shares during the last quarter. Finally, Barclays PLC increased its holdings in shares of Lesaka Technologies by 444.4% in the fourth quarter. Barclays PLC now owns 5,738 shares of the company's stock worth $32,000 after buying an additional 4,684 shares during the period. 24.19% of the stock is currently owned by institutional investors.

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.