Lesaka Technologies, Inc. (NASDAQ:LSAK – Get Free Report) major shareholder Finance Corp International sold 11,104 shares of the stock in a transaction on Wednesday, March 25th. The stock was sold at an average price of $5.04, for a total transaction of $55,964.16. Following the completion of the sale, the insider owned 5,761,055 shares in the company, valued at $29,035,717.20. The trade was a 0.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Finance Corp International also recently made the following trade(s):
- 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 transaction of $81,218.58.
- On Monday, March 23rd, Finance Corp International sold 2,162 shares of Lesaka Technologies stock. The shares were sold at an average price of $5.03, for a total transaction 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 transaction of $175,111.42.
- On Wednesday, March 18th, Finance Corp International sold 4,819 shares of Lesaka Technologies stock. The stock was sold at an average price of $5.38, for a total value of $25,926.22.
- On Tuesday, March 17th, Finance Corp International sold 87,041 shares of Lesaka Technologies stock. The stock was sold at an average price of $5.31, for a total value of $462,187.71.
- On Monday, March 16th, Finance Corp International sold 27,389 shares of Lesaka Technologies stock. The shares were sold at an average price of $4.94, for a total value of $135,301.66.
- On Friday, March 13th, Finance Corp International sold 60,000 shares of Lesaka Technologies stock. The shares were sold at an average price of $4.85, for a total value of $291,000.00.
- On Tuesday, March 10th, Finance Corp International sold 24,532 shares of Lesaka Technologies stock. The stock was sold at an average price of $4.64, for a total value of $113,828.48.
- On Thursday, March 12th, Finance Corp International sold 2,839 shares of Lesaka Technologies stock. The stock was sold at an average price of $4.68, for a total value of $13,286.52.
- On Wednesday, March 11th, Finance Corp International sold 4,235 shares of Lesaka Technologies stock. The stock was sold at an average price of $4.65, for a total value of $19,692.75.
Lesaka Technologies Stock Performance
LSAK stock traded up $0.05 during trading on Wednesday, hitting $5.12. 86,233 shares of the company traded hands, compared to its average volume of 88,790. The stock’s 50-day simple moving average is $4.67 and its 200 day simple moving average is $4.39. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.57 and a quick ratio of 1.43. The company has a market cap of $429.67 million, a PE ratio of -8.13 and a beta of 0.46. Lesaka Technologies, Inc. has a 1 year low of $3.39 and a 1 year high of $5.54.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on the stock. Wall Street Zen raised shares of Lesaka Technologies to a “hold” rating in a report on Saturday, February 14th. Weiss Ratings restated a “sell (d-)” rating on shares of Lesaka Technologies in a research note on Thursday, January 22nd. Finally, Zacks Research upgraded Lesaka Technologies from a “strong sell” rating to a “hold” rating in a research note on Friday, January 23rd. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Lesaka Technologies currently has an average rating of “Reduce”.
Check Out Our Latest Analysis on Lesaka Technologies
Hedge Funds Weigh In On Lesaka Technologies
Large investors have recently added to or reduced their stakes in the stock. Susquehanna International Group LLP purchased a new position in Lesaka Technologies during the third quarter valued at $74,000. Citadel Advisors LLC increased its stake in shares of Lesaka Technologies by 26.4% during the third quarter. Citadel Advisors LLC now owns 18,977 shares of the company’s stock worth $79,000 after purchasing an additional 3,959 shares in the last quarter. 9823 Capital L.P. purchased a new stake in shares of Lesaka Technologies during the fourth quarter worth about $94,000. Barclays PLC raised its position in shares of Lesaka Technologies by 13,359.8% during the 4th quarter. Barclays PLC now owns 141,866 shares of the company’s stock worth $677,000 after purchasing an additional 140,812 shares during the last quarter. Finally, Potomac Capital Management Inc. acquired a new position in shares of Lesaka Technologies during the 4th quarter worth about $4,766,000. 24.19% of the stock is currently owned by institutional investors and hedge funds.
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.
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