Lesaka Technologies, Inc. (NASDAQ:LSAK) Chairman Ali Mazanderani Purchases 20,000 Shares

Lesaka Technologies, Inc. (NASDAQ:LSAK - Get Free Report) Chairman Ali Mazanderani acquired 20,000 shares of the business's stock in a transaction that occurred on Monday, March 31st. The shares were purchased at an average price of $4.96 per share, with a total value of $99,200.00. Following the completion of the transaction, the chairman now owns 525,115 shares of the company's stock, valued at $2,604,570.40. The trade was a 3.96 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Thursday, March 27th, Ali Mazanderani bought 30,930 shares of Lesaka Technologies stock. The shares were acquired at an average cost of $5.00 per share, with a total value of $154,650.00.
• On Tuesday, March 25th, Ali Mazanderani acquired 8,316 shares of Lesaka Technologies stock. The shares were acquired at an average cost of $4.93 per share, with a total value of $40,997.88.

Lesaka Technologies Trading Down 1.7 %

NASDAQ LSAK traded down $0.08 during trading hours on Monday, reaching $4.50. The company had a trading volume of 34,490 shares, compared to its average volume of 23,974. 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 stock has a market capitalization of $356.06 million, a P/E ratio of -7.38 and a beta of 0.76. The stock has a 50-day moving average of $4.84 and a 200 day moving average of $5.06. Lesaka Technologies, Inc. has a 1-year low of $3.83 and a 1-year high of $5.60.

Lesaka Technologies (NASDAQ:LSAK - Get Free Report) last posted its earnings results on Wednesday, February 5th. The company reported ($0.40) earnings per share 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%. As a group, research analysts anticipate that Lesaka Technologies, Inc. will post -0.16 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Lesaka Technologies

A number of institutional investors have recently modified their holdings of LSAK. Hosking Partners LLP grew its position in Lesaka Technologies by 1.0% in the 4th quarter. Hosking Partners LLP now owns 2,807,998 shares of the company's stock valued at $15,304,000 after acquiring an additional 28,644 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of 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 in the last quarter. Finally, Barclays PLC increased its stake in Lesaka Technologies by 444.4% during the 4th 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 owned by institutional investors and hedge funds.

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.