Ali Mazanderani Purchases 8,316 Shares of Lesaka Technologies, Inc. (NASDAQ:LSAK) Stock

Lesaka Technologies, Inc. (NASDAQ:LSAK) Chairman Ali Mazanderani purchased 8,316 shares of the stock in a transaction on Tuesday, March 25th. The shares were bought at an average cost of $4.93 per share, for a total transaction of $40,997.88. Following the transaction, the chairman now directly owns 405,600 shares in the company, valued at approximately $1,999,608. The trade was a 2.09 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Lesaka Technologies Price Performance

NASDAQ:LSAK opened at $5.07 on Friday. The stock has a market capitalization of $401.16 million, a PE ratio of -8.31 and a beta of 0.82. Lesaka Technologies, Inc. has a 1-year low of $3.67 and a 1-year high of $5.60. The firm has a fifty day simple moving average of $4.88 and a 200 day simple moving average of $5.05. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 0.40.

Lesaka Technologies (NASDAQ:LSAK) last announced its quarterly earnings data on Wednesday, February 5th. The company reported ($0.40) 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%. On average, research analysts expect that Lesaka Technologies, Inc. will post -0.16 EPS for the current fiscal year.

Hedge Funds Weigh In On Lesaka Technologies

A number of institutional investors have recently bought and sold shares of the business. Barclays PLC lifted its position in shares of Lesaka Technologies by 444.4% in the fourth quarter. Barclays PLC now owns 5,738 shares of the company’s stock valued at $32,000 after buying an additional 4,684 shares during the last quarter. Renaissance Technologies LLC raised its stake in Lesaka Technologies by 9.7% in the 4th quarter. Renaissance Technologies LLC now owns 197,700 shares of the company’s stock valued at $1,077,000 after acquiring an additional 17,481 shares during the period. Finally, Hosking Partners LLP lifted its holdings in 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. Institutional investors and hedge funds 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.