CenterBook Partners LP Makes New $3.70 Million Investment in DLocal Limited $DLO

Key Points

• CenterBook Partners LP opened a new position in DLocal, buying 268,692 shares worth approximately $3.70 million, or about 0.09% of the company.
• DLocal reported quarterly revenue of $399.66 million, up 55.9% year over year and above analyst expectations; earnings per share of $0.18 matched consensus.
• Analysts have a Moderate Buy consensus rating and an average price target of $19.00. Institutional investors collectively own 90.13% of DLocal’s stock.

CenterBook Partners LP purchased a new position in DLocal Limited (NASDAQ:DLO - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 268,692 shares of the company's stock, valued at approximately $3,697,000. CenterBook Partners LP owned about 0.09% of DLocal at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Sterling Capital Management LLC increased its holdings in DLocal by 847.2% during the 3rd quarter. Sterling Capital Management LLC now owns 3,031 shares of the company's stock worth $42,000 after purchasing an additional 2,711 shares during the period. State of Alaska Department of Revenue purchased a new stake in shares of DLocal in the 3rd quarter worth $80,000. Parvin Asset Management LLC grew its position in shares of DLocal by 51.0% during the 1st quarter. Parvin Asset Management LLC now owns 7,400 shares of the company's stock worth $96,000 after buying an additional 2,500 shares in the last quarter. OMERS ADMINISTRATION Corp bought a new position in shares of DLocal during the 1st quarter worth $348,000. Finally, Calamos Advisors LLC purchased a new position in shares of DLocal during the third quarter valued at $616,000. Hedge funds and other institutional investors own 90.13% of the company's stock.

DLocal Price Performance

Shares of NASDAQ DLO opened at $13.95 on Friday. The stock has a market capitalization of $4.11 billion, a P/E ratio of 20.82 and a beta of 0.95. DLocal Limited has a 1-year low of $10.64 and a 1-year high of $16.15. The business has a fifty day moving average price of $14.45 and a 200 day moving average price of $13.54.

DLocal (NASDAQ:DLO - Get Free Report) last issued its quarterly earnings data on Friday, August 14th. The company reported $0.18 earnings per share for the quarter, meeting analysts' consensus estimates of $0.18. The company had revenue of $399.66 million for the quarter, compared to the consensus estimate of $366.77 million. DLocal had a return on equity of 41.64% and a net margin of 15.04%. The firm's revenue for the quarter was up 55.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.14 earnings per share. As a group, equities research analysts anticipate that DLocal Limited will post 0.80 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Weiss Ratings cut shares of DLocal from a "buy (b-)" rating to a "hold (c+)" rating in a report on Monday, November 2nd. Truist Financial cut their target price on shares of DLocal from $18.00 to $17.00 and set a "buy" rating on the stock in a research report on Friday, October 23rd. Finally, The Goldman Sachs Group boosted their price target on shares of DLocal from $17.00 to $19.00 and gave the company a "buy" rating in a report on Friday, July 31st. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, DLocal presently has a consensus rating of "Moderate Buy" and a consensus target price of $19.00.

DLocal Profile

DLocal is a Uruguay-based financial technology company that provides cross-border payment solutions for businesses operating in emerging markets. Its platform connects global merchants with local payment systems, enabling them to accept payments from consumers and send funds to individuals, businesses and service providers in local currencies.

The company's services include payment collection, local acquiring, payouts and access to alternative payment methods such as bank transfers, digital wallets and cash-based options.

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