Connor Clark & Lunn Investment Management Ltd. Decreases Stock Holdings in Lesaka Technologies, Inc. (NASDAQ:LSAK)

Connor Clark & Lunn Investment Management Ltd. decreased its holdings in Lesaka Technologies, Inc. (NASDAQ:LSAK) by 25.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 148,554 shares of the company’s stock after selling 51,578 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.19% of Lesaka Technologies worth $810,000 at the end of the most recent quarter.

Separately, Hosking Partners LLP increased its position in shares of Lesaka Technologies by 1.0% during the 4th quarter. Hosking Partners LLP now owns 2,807,998 shares of the company’s stock valued at $15,304,000 after purchasing an additional 28,644 shares during the last quarter. 24.19% of the stock is owned by hedge funds and other institutional investors.

Lesaka Technologies Price Performance

NASDAQ LSAK opened at $4.75 on Friday. Lesaka Technologies, Inc. has a 52 week low of $3.60 and a 52 week high of $5.60. The firm has a market capitalization of $375.84 million, a P/E ratio of -7.79 and a beta of 0.82. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 0.40. The company has a 50-day moving average price of $4.90 and a 200-day moving average price of $5.04.

Lesaka Technologies (NASDAQ:LSAK) last released its quarterly earnings results on Wednesday, February 5th. The company reported ($0.40) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.41). Lesaka Technologies had a negative net margin of 7.94% and a negative return on equity of 24.96%. Equities research analysts anticipate that Lesaka Technologies, Inc. will post -0.16 earnings per share for the current 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.