Fourth Sail Capital LP Buys 655,548 Shares of DLocal Limited (NASDAQ:DLO)

Fourth Sail Capital LP raised its stake in DLocal Limited (NASDAQ:DLOFree Report) by 78.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,491,209 shares of the company’s stock after purchasing an additional 655,548 shares during the period. DLocal accounts for approximately 6.5% of Fourth Sail Capital LP’s investment portfolio, making the stock its 4th biggest position. Fourth Sail Capital LP owned approximately 0.50% of DLocal worth $21,921,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Annis Gardner Whiting Capital Advisors LLC grew its stake in shares of DLocal by 24.8% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 4,380 shares of the company’s stock valued at $78,000 after acquiring an additional 870 shares in the last quarter. Citigroup Inc. lifted its position in DLocal by 24.5% during the third quarter. Citigroup Inc. now owns 7,007 shares of the company’s stock worth $134,000 after purchasing an additional 1,378 shares during the period. Ridgewood Investments LLC bought a new stake in DLocal during the first quarter worth about $152,000. OneAscent Wealth Management LLC bought a new stake in DLocal during the fourth quarter worth about $185,000. Finally, Newfoundland Capital Management bought a new stake in DLocal during the fourth quarter worth about $212,000. 90.13% of the stock is currently owned by institutional investors and hedge funds.

DLocal Trading Up 2.3 %

Shares of DLO stock traded up $0.17 during trading hours on Tuesday, hitting $7.65. 2,893,816 shares of the company were exchanged, compared to its average volume of 1,642,799. The firm has a market cap of $2.26 billion, a P/E ratio of 17.00, a P/E/G ratio of 0.82 and a beta of 0.78. DLocal Limited has a fifty-two week low of $7.26 and a fifty-two week high of $24.22. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.61 and a current ratio of 1.61. The company has a 50 day simple moving average of $10.97 and a two-hundred day simple moving average of $14.71.

DLocal (NASDAQ:DLOGet Free Report) last issued its earnings results on Tuesday, May 14th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.04). DLocal had a return on equity of 35.20% and a net margin of 18.83%. The firm had revenue of $184.43 million during the quarter, compared to the consensus estimate of $195.24 million. Equities analysts anticipate that DLocal Limited will post 0.44 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on DLO. HSBC dropped their target price on shares of DLocal from $19.00 to $17.00 and set a “hold” rating for the company in a report on Friday, April 5th. UBS Group raised shares of DLocal from a “sell” rating to a “neutral” rating and dropped their target price for the stock from $13.00 to $9.00 in a report on Thursday, June 20th. Susquehanna reissued a “positive” rating and issued a $21.00 target price on shares of DLocal in a report on Wednesday, May 15th. Citigroup dropped their target price on shares of DLocal from $17.00 to $10.50 and set a “neutral” rating for the company in a report on Wednesday, June 5th. Finally, Bank of America dropped their price objective on shares of DLocal from $18.00 to $15.00 and set a “neutral” rating for the company in a report on Thursday, May 16th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $15.61.

Read Our Latest Analysis on DLO

About DLocal

(Free Report)

DLocal Limited operates a payment processing platform worldwide. The company offers pay-in solution which the business and get paid for their products and services through various payment methods, including international and local cards, online bank transfers and direct debit, cash, and alternative payment methods.

Further Reading

Institutional Ownership by Quarter for DLocal (NASDAQ:DLO)

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