Finance Corp International Sells 106,948 Shares of Lesaka Technologies (NASDAQ:LSAK) Stock
by Scott Moore · The Cerbat GemLesaka Technologies, Inc. (NASDAQ:LSAK – Get Free Report) major shareholder Finance Corp International sold 106,948 shares of the company’s stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $4.90, for a total transaction of $524,045.20. Following the sale, the insider directly owned 5,330,784 shares in the company, valued at $26,120,841.60. This trade represents a 1.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Large 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 16th, Finance Corp International sold 66,437 shares of Lesaka Technologies stock. The shares were sold at an average price of $4.90, for a total transaction of $325,541.30.
- On Wednesday, April 15th, Finance Corp International sold 19,488 shares of Lesaka Technologies stock. The shares were sold at an average price of $4.90, for a total transaction of $95,491.20.
- On Monday, April 13th, Finance Corp International sold 52,230 shares of Lesaka Technologies stock. The stock was sold at an average price of $4.92, for a total transaction of $256,971.60.
- On Friday, April 10th, Finance Corp International sold 57,894 shares of Lesaka Technologies stock. The stock was sold at an average price of $4.98, for a total transaction of $288,312.12.
- On Thursday, April 9th, Finance Corp International sold 9,878 shares of Lesaka Technologies stock. The stock was sold at an average price of $4.95, for a total transaction of $48,896.10.
- On Wednesday, April 8th, Finance Corp International sold 19,311 shares of Lesaka Technologies stock. The stock was sold at an average price of $4.93, for a total transaction of $95,203.23.
- On Tuesday, April 7th, Finance Corp International sold 47,954 shares of Lesaka Technologies stock. The stock was sold at an average price of $4.91, for a total value of $235,454.14.
- On Monday, April 6th, Finance Corp International sold 34,219 shares of Lesaka Technologies stock. The stock was sold at an average price of $4.95, for a total value of $169,384.05.
- On Thursday, April 2nd, Finance Corp International sold 9,928 shares of Lesaka Technologies stock. The stock was sold at an average price of $4.99, for a total value of $49,540.72.
- 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.
Lesaka Technologies Price Performance
Shares of NASDAQ LSAK opened at $4.91 on Friday. The business’s 50 day moving average price is $4.79 and its two-hundred day moving average price is $4.47. The company has a market cap of $412.05 million, a PE ratio of -7.79 and a beta of 0.39. The company has a quick ratio of 1.43, a current ratio of 1.57 and a debt-to-equity ratio of 1.09. Lesaka Technologies, Inc. has a twelve month low of $3.39 and a twelve month high of $5.54.
Lesaka Technologies (NASDAQ:LSAK – Get Free Report) last announced its quarterly earnings results on Thursday, February 5th. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.04. The firm had revenue of $93.40 million for 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%. On average, analysts predict that Lesaka Technologies, Inc. will post -0.16 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on LSAK. Weiss Ratings reissued a “sell (d-)” rating on shares of Lesaka Technologies in a research report on Thursday, January 22nd. Wall Street Zen raised Lesaka Technologies to a “hold” rating in a research report on Saturday, February 14th. Finally, Zacks Research raised Lesaka Technologies from a “strong sell” rating to a “hold” rating in a research report 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 stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce”.
Check Out Our Latest Analysis on LSAK
Hedge Funds Weigh In On Lesaka Technologies
A number of large investors have recently made changes to their positions in LSAK. Susquehanna International Group LLP bought a new position in shares of Lesaka Technologies during the third quarter worth approximately $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 during the period. 9823 Capital L.P. bought a new position in shares of Lesaka Technologies during the fourth quarter worth approximately $94,000. Barclays PLC increased its stake in shares of Lesaka Technologies by 13,359.8% during the fourth 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 period. Finally, Potomac Capital Management Inc. bought a new position in shares of Lesaka Technologies during the fourth quarter worth approximately $4,766,000. Institutional investors own 24.19% of the company’s stock.
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.