Lesaka Technologies (NASDAQ:LSAK) Major Shareholder Finance Corp International Sells 18,663 Shares of Stock
by Danessa Lincoln · The Markets DailyLesaka Technologies, Inc. (NASDAQ:LSAK – Get Free Report) major shareholder Finance Corp International sold 18,663 shares of the business’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $4.97, for a total transaction of $92,755.11. Following the completion of the sale, the insider directly owned 5,669,146 shares of the company’s stock, valued at approximately $28,175,655.62. The trade was a 0.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
Finance Corp International also recently made the following trade(s):
- On Thursday, April 2nd, Finance Corp International sold 9,928 shares of Lesaka Technologies stock. The shares were sold at an average price of $4.99, for a total transaction of $49,540.72.
- 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 transaction 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 transaction of $55,964.16.
- On Tuesday, March 24th, Finance Corp International sold 16,179 shares of Lesaka Technologies stock. The shares were 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 stock was 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 stock was 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 transaction of $25,926.22.
- On Tuesday, March 17th, Finance Corp International sold 87,041 shares of Lesaka Technologies stock. The shares were 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 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 stock was sold at an average price of $4.85, for a total value of $291,000.00.
Lesaka Technologies Price Performance
Lesaka Technologies stock opened at $5.02 on Friday. The firm has a market cap of $421.28 million, a PE ratio of -7.97 and a beta of 0.39. 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 stock’s fifty day moving average price is $4.72 and its two-hundred day moving average price is $4.41. Lesaka Technologies, Inc. has a one year low of $3.39 and a one year high of $5.54.
Lesaka Technologies (NASDAQ:LSAK – Get Free Report) last released its earnings results on Thursday, February 5th. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.04. The firm had revenue of $93.40 million during the quarter, compared to the consensus estimate of $166.00 million. Lesaka Technologies had a negative return on equity of 28.23% and a negative net margin of 7.87%. As a group, research analysts expect that Lesaka Technologies, Inc. will post -0.16 EPS for the current fiscal year.
Institutional Trading of Lesaka Technologies
Several institutional investors and hedge funds have recently modified their holdings of the business. Citadel Advisors LLC lifted its position in shares of Lesaka Technologies by 26.4% during the 3rd quarter. Citadel Advisors LLC now owns 18,977 shares of the company’s stock worth $79,000 after buying an additional 3,959 shares during the last quarter. Susquehanna International Group LLP bought a new position in Lesaka Technologies in the third quarter valued at about $74,000. 9823 Capital L.P. acquired a new position in Lesaka Technologies during the fourth quarter worth about $94,000. Barclays PLC lifted its holdings in shares of 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 during the last quarter. Finally, Rathbones Group PLC lifted its holdings in shares of Lesaka Technologies by 6.6% in the fourth quarter. Rathbones Group PLC now owns 3,644,420 shares of the company’s stock worth $17,384,000 after acquiring an additional 225,000 shares during the last quarter. 24.19% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
LSAK has been the topic of a number of analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lesaka Technologies in a research note on Thursday, January 22nd. Zacks Research raised shares of Lesaka Technologies from a “strong sell” rating to a “hold” rating in a report on Friday, January 23rd. Finally, Wall Street Zen upgraded shares of Lesaka Technologies to a “hold” rating in a research report on Saturday, February 14th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Lesaka Technologies has an average rating of “Reduce”.
Check Out Our Latest Stock Report on LSAK
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.