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

Lesaka Technologies, Inc. (NASDAQ:LSAK) Chairman Ali Mazanderani purchased 20,000 shares of the firm’s stock in a transaction dated Monday, March 31st. The stock was acquired at an average price of $4.96 per share, for a total transaction of $99,200.00. Following the purchase, the chairman now owns 525,115 shares in the company, valued at approximately $2,604,570.40. The trade was a 3.96 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

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

Lesaka Technologies Trading Down 3.0 %

Shares of Lesaka Technologies stock opened at $4.85 on Thursday. The firm’s 50 day moving average is $4.86 and its 200 day moving average is $5.05. The firm has a market capitalization of $383.76 million, a PE ratio of -7.95 and a beta of 0.82. Lesaka Technologies, Inc. has a 1 year low of $3.83 and a 1 year high of $5.60. 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 posted its earnings results 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 return on equity of 24.96% and a negative net margin of 7.94%. Equities research analysts forecast that Lesaka Technologies, Inc. will post -0.16 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Lesaka Technologies

Several large investors have recently bought and sold shares of LSAK. Hosking Partners LLP increased its stake in shares of Lesaka Technologies by 1.0% in the fourth quarter. Hosking Partners LLP now owns 2,807,998 shares of the company’s stock valued at $15,304,000 after buying an additional 28,644 shares during the period. Renaissance Technologies LLC boosted its position in Lesaka Technologies by 9.7% during the 4th quarter. Renaissance Technologies LLC now owns 197,700 shares of the company’s stock worth $1,077,000 after buying an additional 17,481 shares during the period. Finally, Barclays PLC grew its holdings 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 acquiring an additional 4,684 shares during the last quarter. 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.