Rathbones Group PLC Grows Position in Lesaka Technologies, Inc. (NASDAQ:LSAK)

Key Points

• Rathbones Group PLC increased its stake in Lesaka Technologies, acquiring 525,000 additional shares, bringing its total ownership to approximately 2.21% of the company, valued at $8,573,000.
• Renaissance Technologies LLC also raised its position in Lesaka Technologies by 9.7%, now holding 197,700 shares worth $1,077,000.
• Lesaka Technologies stock opened at $4.75, with a twelve-month low of $3.39 and a high of $5.60, and has a market cap of approximately $385.94 million.

Rathbones Group PLC increased its stake in shares of Lesaka Technologies, Inc. (NASDAQ:LSAK - Free Report) by 41.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,797,332 shares of the company's stock after buying an additional 525,000 shares during the quarter. Rathbones Group PLC owned 2.21% of Lesaka Technologies worth $8,573,000 at the end of the most recent quarter.

Separately, Renaissance Technologies LLC grew 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 purchasing an additional 17,481 shares during the period. Institutional investors and hedge funds own 24.19% of the company's stock.

Lesaka Technologies Stock Performance

NASDAQ:LSAK remained flat at $4.75 during trading on Thursday. The company's stock had a trading volume of 10,833 shares, compared to its average volume of 29,864. The company has a market capitalization of $385.94 million, a price-to-earnings ratio of -5.79 and a beta of 0.67. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.25 and a current ratio of 1.37. The company has a 50 day simple moving average of $4.43 and a 200 day simple moving average of $4.54. Lesaka Technologies, Inc. has a 52-week low of $3.39 and a 52-week high of $5.60.

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.