Capricorn Fund Managers Ltd Raises Stake in Joint Stock Company Kaspi.kz Sponsored ADR $KSPI

Capricorn Fund Managers Ltd grew its position in Joint Stock Company Kaspi.kz Sponsored ADR (NASDAQ:KSPI) by 599.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 118,900 shares of the company’s stock after purchasing an additional 101,900 shares during the quarter. Joint Stock Company Kaspi.kz makes up about 1.4% of Capricorn Fund Managers Ltd’s investment portfolio, making the stock its 24th largest holding. Capricorn Fund Managers Ltd’s holdings in Joint Stock Company Kaspi.kz were worth $8,807,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of KSPI. Advisory Services Network LLC raised its position in shares of Joint Stock Company Kaspi.kz by 15.3% during the 4th quarter. Advisory Services Network LLC now owns 3,787 shares of the company’s stock valued at $296,000 after purchasing an additional 502 shares during the period. SG Americas Securities LLC bought a new position in Joint Stock Company Kaspi.kz in the 4th quarter worth $306,000. North of South Capital LLP purchased a new stake in Joint Stock Company Kaspi.kz in the 4th quarter worth $1,425,000. Public Employees Retirement System of Ohio increased its stake in Joint Stock Company Kaspi.kz by 16.4% in the 4th quarter. Public Employees Retirement System of Ohio now owns 167,125 shares of the company’s stock worth $13,057,000 after buying an additional 23,500 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in Joint Stock Company Kaspi.kz by 21.4% during the fourth quarter. Russell Investments Group Ltd. now owns 186,320 shares of the company’s stock valued at $14,557,000 after acquiring an additional 32,820 shares during the period. 32.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Joint Stock Company Kaspi.kz from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 11th. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Joint Stock Company Kaspi.kz has an average rating of “Hold” and a consensus price target of $96.67.

Joint Stock Company Kaspi.kz Price Performance

Joint Stock Company Kaspi.kz stock opened at $86.64 on Wednesday. The stock has a market cap of $16.46 billion, a P/E ratio of 7.99 and a beta of 0.99. Joint Stock Company Kaspi.kz Sponsored ADR has a 1 year low of $68.59 and a 1 year high of $99.20. The firm’s 50 day moving average price is $86.55 and its 200-day moving average price is $79.88.

Joint Stock Company Kaspi.kz Increases Dividend

The business also recently announced a dividend, which was paid on Friday, June 12th. Investors of record on Friday, June 12th were paid a dividend of $1.7978 per share. The ex-dividend date of this dividend was Friday, June 12th. This is a positive change from Joint Stock Company Kaspi.kz’s previous dividend of $1.76. Joint Stock Company Kaspi.kz’s dividend payout ratio is 64.30%.

Joint Stock Company Kaspi.kz Profile

Joint Stock Company Kaspi.kz is a leading financial technology and e-commerce group headquartered in Almaty, Kazakhstan. The company has built one of the country’s largest digital ecosystems, offering a suite of integrated services that span consumer banking, payments, online marketplaces and merchant acquiring. Through its mobile and web platforms, Kaspi.kz aims to simplify everyday financial and shopping activities for individuals and businesses across Kazakhstan.

The company’s core offerings include digital banking solutions such as deposit accounts, digital wallets and money transfers, alongside consumer lending products that enable point-of-sale financing and “buy now, pay later” purchases.