Hosking Partners LLP Purchases 240,565 Shares of Lesaka Technologies, Inc. (NASDAQ:LSAK)

Hosking Partners LLP lifted its position in shares of Lesaka Technologies, Inc. (NASDAQ:LSAKFree Report) by 17.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,654,064 shares of the company’s stock after purchasing an additional 240,565 shares during the period. Hosking Partners LLP owned 2.69% of Lesaka Technologies worth $6,451,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Renaissance Technologies LLC boosted its holdings in shares of Lesaka Technologies by 3.7% during the 2nd quarter. Renaissance Technologies LLC now owns 142,900 shares of the company’s stock worth $544,000 after buying an additional 5,100 shares during the period. State Street Corp boosted its holdings in shares of Lesaka Technologies by 6.3% during the 1st quarter. State Street Corp now owns 92,218 shares of the company’s stock worth $443,000 after buying an additional 5,438 shares during the period. Potomac Capital Management Inc. boosted its holdings in shares of Lesaka Technologies by 0.3% during the 1st quarter. Potomac Capital Management Inc. now owns 1,770,348 shares of the company’s stock worth $8,498,000 after buying an additional 5,918 shares during the period. Northern Trust Corp boosted its holdings in Lesaka Technologies by 53.2% in the 2nd quarter. Northern Trust Corp now owns 17,643 shares of the company’s stock valued at $67,000 after purchasing an additional 6,126 shares during the period. Finally, Barclays PLC bought a new stake in Lesaka Technologies in the 1st quarter valued at about $47,000. 24.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Lesaka Technologies

In related news, Director Ali Mazanderani bought 322,476 shares of the business’s stock in a transaction that occurred on Tuesday, December 12th. The shares were acquired at an average cost of $3.30 per share, with a total value of $1,064,170.80. Following the completion of the purchase, the director now directly owns 322,476 shares in the company, valued at $1,064,170.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.03% of the stock is currently owned by corporate insiders.

Lesaka Technologies Stock Performance

NASDAQ LSAK opened at $3.57 on Tuesday. Lesaka Technologies, Inc. has a 12-month low of $3.00 and a 12-month high of $4.89. The company has a quick ratio of 1.33, a current ratio of 1.58 and a debt-to-equity ratio of 0.75. The firm has a 50-day moving average price of $3.45 and a two-hundred day moving average price of $3.79. The company has a market capitalization of $222.70 million, a P/E ratio of -7.44 and a beta of 1.05.

Lesaka Technologies (NASDAQ:LSAKGet Free Report) last posted its quarterly earnings data on Tuesday, November 7th. The company reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.02. Lesaka Technologies had a negative net margin of 5.57% and a negative return on equity of 15.60%. The company had revenue of $136.09 million during the quarter, compared to analysts’ expectations of $134.66 million. Analysts anticipate that Lesaka Technologies, Inc. will post -0.23 earnings per share for the current year.

About Lesaka Technologies

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Lesaka Technologies (NASDAQ:LSAK)

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