Capricorn Fund Managers Ltd Buys 101,900 Shares of Joint Stock Company Kaspi.kz Sponsored ADR $KSPI

Capricorn Fund Managers Ltd raised its stake in shares of Joint Stock Company Kaspi.kz Sponsored ADR (NASDAQ:KSPI) by 599.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 118,900 shares of the company’s stock after buying an additional 101,900 shares during the period. Joint Stock Company Kaspi.kz comprises approximately 1.4% of Capricorn Fund Managers Ltd’s holdings, making the stock its 24th largest position. Capricorn Fund Managers Ltd owned approximately 0.06% of Joint Stock Company Kaspi.kz worth $8,807,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Advisory Services Network LLC boosted its stake in shares of Joint Stock Company Kaspi.kz by 15.3% in the 4th quarter. Advisory Services Network LLC now owns 3,787 shares of the company’s stock worth $296,000 after buying an additional 502 shares during the last quarter. SG Americas Securities LLC bought a new position in Joint Stock Company Kaspi.kz in the fourth quarter valued at about $306,000. North of South Capital LLP purchased a new position in Joint Stock Company Kaspi.kz in the fourth quarter worth about $1,425,000. Public Employees Retirement System of Ohio boosted its position in Joint Stock Company Kaspi.kz by 16.4% in the fourth quarter. Public Employees Retirement System of Ohio now owns 167,125 shares of the company’s stock worth $13,057,000 after purchasing an additional 23,500 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its stake in shares of Joint Stock Company Kaspi.kz by 21.4% during the 4th quarter. Russell Investments Group Ltd. now owns 186,320 shares of the company’s stock valued at $14,557,000 after purchasing an additional 32,820 shares during the period. 32.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Joint Stock Company Kaspi.kz from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 11th. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $96.67.

Joint Stock Company Kaspi.kz Stock Performance

Shares of Joint Stock Company Kaspi.kz stock opened at $86.64 on Wednesday. The stock has a market cap of $16.46 billion, a P/E ratio of 7.99 and a beta of 0.99. The stock’s fifty day moving average is $86.55 and its 200 day moving average is $79.88. Joint Stock Company Kaspi.kz Sponsored ADR has a one year low of $68.59 and a one year high of $99.20.

Joint Stock Company Kaspi.kz Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, June 12th were paid a $1.7978 dividend. This is an increase from Joint Stock Company Kaspi.kz’s previous dividend of $1.76. The ex-dividend date of this dividend was Friday, June 12th. Joint Stock Company Kaspi.kz’s dividend payout ratio is 64.30%.

About Joint Stock Company Kaspi.kz

Joint Stock Company Kaspi.kz is a leading financial technology and e-commerce group headquartered in Almaty, Kazakhstan. The company has built one of the country’s largest digital ecosystems, offering a suite of integrated services that span consumer banking, payments, online marketplaces and merchant acquiring. Through its mobile and web platforms, Kaspi.kz aims to simplify everyday financial and shopping activities for individuals and businesses across Kazakhstan.

The company’s core offerings include digital banking solutions such as deposit accounts, digital wallets and money transfers, alongside consumer lending products that enable point-of-sale financing and “buy now, pay later” purchases.