Lesaka Technologies (NASDAQ:LSAK) Major Shareholder Finance Corp International Sells 47,954 Shares

Lesaka Technologies, Inc. (NASDAQ:LSAK) major shareholder Finance Corp International sold 47,954 shares of the firm’s stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of $4.91, for a total value of $235,454.14. Following the transaction, the insider directly owned 5,577,045 shares in the company, valued at approximately $27,383,290.95. This represents a 0.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Finance Corp International also recently made the following trade(s):

• On Wednesday, April 8th, Finance Corp International sold 19,311 shares of Lesaka Technologies stock. The shares were sold at an average price of $4.93, for a total value of $95,203.23.
• On Monday, April 6th, Finance Corp International sold 34,219 shares of Lesaka Technologies stock. The stock was sold at an average price of $4.95, for a total value of $169,384.05.
• On Thursday, April 2nd, Finance Corp International sold 9,928 shares of Lesaka Technologies stock. The stock was sold at an average price of $4.99, for a total value of $49,540.72.
• On Wednesday, April 1st, Finance Corp International sold 18,663 shares of Lesaka Technologies stock. The stock was sold at an average price of $4.97, for a total value of $92,755.11.
• On Tuesday, March 31st, Finance Corp International sold 32,807 shares of Lesaka Technologies stock. The stock was sold at an average price of $5.02, for a total value of $164,691.14.
• On Wednesday, March 25th, Finance Corp International sold 11,104 shares of Lesaka Technologies stock. The stock was sold at an average price of $5.04, for a total value of $55,964.16.
• On Tuesday, March 24th, Finance Corp International sold 16,179 shares of Lesaka Technologies stock. The stock was sold at an average price of $5.02, for a total value of $81,218.58.
• On Monday, March 23rd, Finance Corp International sold 2,162 shares of Lesaka Technologies stock. The stock was sold at an average price of $5.03, for a total value of $10,874.86.
• On Thursday, March 19th, Finance Corp International sold 34,607 shares of Lesaka Technologies stock. The shares were sold at an average price of $5.06, for a total value of $175,111.42.
• On Wednesday, March 18th, Finance Corp International sold 4,819 shares of Lesaka Technologies stock. The shares were sold at an average price of $5.38, for a total value of $25,926.22.

Lesaka Technologies Trading Up 0.4%

Shares of LSAK traded up $0.02 during mid-day trading on Wednesday, hitting $4.90. 108,644 shares of the company’s stock traded hands, compared to its average volume of 88,610. The company has a quick ratio of 1.43, a current ratio of 1.57 and a debt-to-equity ratio of 1.09. Lesaka Technologies, Inc. has a 1 year low of $3.39 and a 1 year high of $5.54. The firm has a market capitalization of $411.21 million, a P/E ratio of -7.78 and a beta of 0.39. The business’s 50-day moving average price is $4.73 and its 200-day moving average price is $4.43.

Lesaka Technologies (NASDAQ:LSAK) last posted its earnings results on Thursday, February 5th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.04. Lesaka Technologies had a negative return on equity of 28.23% and a negative net margin of 7.87%.The firm had revenue of $93.40 million for the quarter, compared to analysts’ expectations of $166.00 million. As a group, sell-side analysts forecast that Lesaka Technologies, Inc. will post -0.16 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on LSAK. Weiss Ratings restated a “sell (d-)” rating on shares of Lesaka Technologies in a research report on Thursday, January 22nd. Zacks Research upgraded Lesaka Technologies from a “strong sell” rating to a “hold” rating in a research report on Friday, January 23rd. Finally, Wall Street Zen upgraded Lesaka Technologies to a “hold” rating in a research report on Saturday, February 14th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Lesaka Technologies presently has a consensus rating of “Reduce”.

Hedge Funds Weigh In On Lesaka Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LSAK. Potomac Capital Management Inc. purchased a new stake in shares of Lesaka Technologies during the fourth quarter valued at $4,766,000. Rathbones Group PLC raised its holdings in shares of Lesaka Technologies by 6.6% during the fourth quarter. Rathbones Group PLC now owns 3,644,420 shares of the company’s stock valued at $17,384,000 after purchasing an additional 225,000 shares during the last quarter. Barclays PLC lifted its position in Lesaka Technologies by 13,359.8% during the fourth quarter. Barclays PLC now owns 141,866 shares of the company’s stock valued at $677,000 after purchasing an additional 140,812 shares during the period. 9823 Capital L.P. bought a new stake in Lesaka Technologies in the 4th quarter worth approximately $94,000. Finally, Susquehanna International Group LLP bought a new stake in Lesaka Technologies in the 3rd quarter worth approximately $74,000. 24.19% of the stock is 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. The company also engages in the sale of POS devices, SIM cards, and other consumables; and license of rights to use certain technology developed by the company, as well as offers related technology services.