Renaissance Technologies LLC lifted its position in Lesaka Technologies, Inc. (NASDAQ:LSAK – Free Report) by 8.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 182,100 shares of the company’s stock after purchasing an additional 14,700 shares during the period. Renaissance Technologies LLC owned about 0.29% of Lesaka Technologies worth $852,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently modified their holdings of LSAK. Hosking Partners LLP increased its stake in shares of Lesaka Technologies by 58.8% in the second quarter. Hosking Partners LLP now owns 2,607,388 shares of the company’s stock worth $12,203,000 after purchasing an additional 965,576 shares in the last quarter. Rathbones Group PLC grew its stake in Lesaka Technologies by 100.0% during the second quarter. Rathbones Group PLC now owns 1,272,332 shares of the company’s stock valued at $5,955,000 after acquiring an additional 636,166 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its stake in Lesaka Technologies by 3.7% during the first quarter. Russell Investments Group Ltd. now owns 87,046 shares of the company’s stock valued at $326,000 after acquiring an additional 3,137 shares in the last quarter. 24.19% of the stock is owned by hedge funds and other institutional investors.
Lesaka Technologies Stock Performance
LSAK opened at $5.01 on Tuesday. The stock has a market capitalization of $318.64 million, a price-to-earnings ratio of -13.18 and a beta of 0.93. The company has a fifty day moving average of $4.73 and a 200 day moving average of $4.59. Lesaka Technologies, Inc. has a fifty-two week low of $3.00 and a fifty-two week high of $5.33. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.44 and a current ratio of 1.59.
About Lesaka Technologies
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.
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