Lesaka Technologies (NASDAQ:LSAK) Major Shareholder Finance Corp International Sells 9,928 Shares

Lesaka Technologies, Inc. (NASDAQ:LSAK) major shareholder Finance Corp International sold 9,928 shares of the firm’s stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $4.99, for a total value of $49,540.72. Following the sale, the insider directly owned 5,659,218 shares in the company, valued at approximately $28,239,497.82. This trade represents a 0.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own more than 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 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 shares were 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 shares were 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 shares were 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 transaction 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 transaction 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 transaction of $462,187.71.
• On Monday, March 16th, Finance Corp International sold 27,389 shares of Lesaka Technologies stock. The stock was sold at an average price of $4.94, for a total transaction 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 transaction of $291,000.00.

Lesaka Technologies Price Performance

LSAK stock opened at $5.02 on Friday. The company has a fifty day moving average price of $4.72 and a 200-day moving average price of $4.41. The company has a market capitalization of $421.28 million, a P/E ratio of -7.97 and a beta of 0.39. Lesaka Technologies, Inc. has a 52-week low of $3.39 and a 52-week high of $5.54. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.43 and a current ratio of 1.57.

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

Wall Street Analysts Forecast Growth

LSAK has been the topic of a number of analyst reports. Wall Street Zen upgraded Lesaka Technologies to a “hold” rating in a research report on Saturday, February 14th. Weiss Ratings restated a “sell (d-)” rating on shares of Lesaka Technologies in a research report on Thursday, January 22nd. Finally, Zacks Research upgraded Lesaka Technologies from a “strong sell” rating to a “hold” rating in a report on Friday, January 23rd. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Reduce”.

Institutional Trading of Lesaka Technologies

Large investors have recently made changes to their positions in the company. 9823 Capital L.P. bought a new stake in Lesaka Technologies in the 4th quarter valued at about $94,000. Barclays PLC boosted its holdings in Lesaka Technologies by 13,359.8% in the fourth quarter. Barclays PLC now owns 141,866 shares of the company’s stock worth $677,000 after acquiring an additional 140,812 shares in the last quarter. Potomac Capital Management Inc. bought a new position in Lesaka Technologies in the fourth quarter worth approximately $4,766,000. Rathbones Group PLC grew its stake in Lesaka Technologies by 6.6% in the fourth quarter. Rathbones Group PLC now owns 3,644,420 shares of the company’s stock valued at $17,384,000 after acquiring an additional 225,000 shares during the period. Finally, Susquehanna International Group LLP acquired a new stake in Lesaka Technologies in the third quarter valued at approximately $74,000. 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.