Rathbones Group PLC Grows Stock Position in Lesaka Technologies, Inc. (NASDAQ:LSAK)

Rathbones Group PLC boosted its stake in shares of Lesaka Technologies, Inc. (NASDAQ:LSAK) by 100.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,272,332 shares of the company’s stock after purchasing an additional 636,166 shares during the quarter. Rathbones Group PLC owned approximately 2.00% of Lesaka Technologies worth $5,955,000 as of its most recent SEC filing.

Separately, Russell Investments Group Ltd. increased its stake in shares of Lesaka Technologies by 3.7% during the first quarter. Russell Investments Group Ltd. now owns 87,046 shares of the company’s stock worth $326,000 after buying an additional 3,137 shares during the period. 24.19% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Lesaka Technologies

In related news, Director Christopher G.B. Meyer sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $4.89, for a total transaction of $48,900.00. Following the completion of the sale, the director now owns 665,868 shares in the company, valued at $3,256,094.52. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In the last ninety days, insiders sold 106,217 shares of company stock valued at $496,322. 4.37% of the stock is currently owned by corporate insiders.

Lesaka Technologies Stock Down 8.9 %

Shares of NASDAQ:LSAK opened at $4.32 on Monday. The company has a quick ratio of 1.41, a current ratio of 1.60 and a debt-to-equity ratio of 0.76. Lesaka Technologies, Inc. has a fifty-two week low of $3.00 and a fifty-two week high of $5.33. The stock has a market cap of $274.75 million, a price-to-earnings ratio of -11.37 and a beta of 0.94. The firm’s 50 day moving average price is $4.75 and its 200 day moving average price is $4.47.

Lesaka Technologies (NASDAQ:LSAK) last announced its quarterly earnings data on Wednesday, September 11th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.02). The firm had revenue of $146.05 million during the quarter, compared to analyst estimates of $149.30 million. Lesaka Technologies had a negative net margin of 3.09% and a negative return on equity of 9.89%. During the same quarter in the previous year, the business posted ($0.19) earnings per share. As a group, equities research analysts predict that Lesaka Technologies, Inc. will post -0.09 earnings per share for the current fiscal year.

Lesaka Technologies 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.