Lesaka Technologies, Inc. (NASDAQ:LSAK) Chairman Ali Mazanderani Purchases 52,418 Shares

Lesaka Technologies, Inc. (NASDAQ:LSAK - Get Free Report) Chairman Ali Mazanderani acquired 52,418 shares of the firm's stock in a transaction on Tuesday, May 14th. The shares were acquired at an average price of $5.14 per share, with a total value of $269,428.52. Following the completion of the purchase, the chairman now owns 374,894 shares of the company's stock, valued at $1,926,955.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Lesaka Technologies Stock Up 0.2 %

Shares of LSAK stock traded up $0.01 on Wednesday, hitting $4.94. The stock had a trading volume of 98,473 shares, compared to its average volume of 18,132. The firm has a market capitalization of $314.18 million, a price-to-earnings ratio of -12.76 and a beta of 0.95. The stock's 50 day moving average is $4.06 and its 200-day moving average is $3.78. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.41 and a current ratio of 1.60. Lesaka Technologies, Inc. has a 52-week low of $3.00 and a 52-week high of $5.33.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Russell Investments Group Ltd. boosted its stake in shares of Lesaka Technologies by 3.7% in the first quarter. Russell Investments Group Ltd. now owns 87,046 shares of the company's stock valued at $326,000 after purchasing an additional 3,137 shares during the period. Rathbones Group PLC purchased a new position in shares of Lesaka Technologies in the third quarter valued at $2,481,000. Potomac Capital Management Inc. boosted its stake in shares of Lesaka Technologies by 0.8% in the third quarter. Potomac Capital Management Inc. now owns 1,525,999 shares of the company's stock valued at $5,951,000 after purchasing an additional 12,076 shares during the period. Finally, Hosking Partners LLP boosted its stake in shares of Lesaka Technologies by 3.8% in the first quarter. Hosking Partners LLP now owns 1,641,812 shares of the company's stock valued at $6,157,000 after purchasing an additional 59,594 shares during the period. 24.19% of the stock is currently owned by hedge funds and other 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.