CWA Asset Management Group LLC Makes New Investment in DLocal Limited $DLO

Key Points

• CWA Asset Management Group purchased 175,891 shares of DLocal, valued at approximately $2.42 million, while institutional investors and hedge funds collectively own 90.13% of the stock.
• DLocal reported quarterly revenue of $399.66 million, up 55.9% year over year and above analyst expectations, while earnings of $0.18 per share matched estimates.
• Analyst sentiment remains positive: six analysts rate DLocal a Buy, with a consensus price target of $19.20 versus the stock’s recent price of $15.15.

CWA Asset Management Group LLC 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. The firm purchased 175,891 shares of the company's stock, valued at approximately $2,420,000. CWA Asset Management Group LLC owned about 0.06% of DLocal as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of DLO. Annex Advisory Services LLC bought a new position in DLocal in the third quarter worth about $1,515,000. State of Alaska Department of Revenue bought a new position in shares of DLocal during the third quarter valued at approximately $80,000. Tikvah Management LLC grew its holdings in shares of DLocal by 13.8% during the second quarter. Tikvah Management LLC now owns 1,420,822 shares of the company's stock valued at $18,464,000 after purchasing an additional 172,500 shares during the last quarter. WINTON GROUP Ltd grew its holdings in shares of DLocal by 536.3% during the second quarter. WINTON GROUP Ltd now owns 142,525 shares of the company's stock valued at $1,852,000 after purchasing an additional 120,125 shares during the last quarter. Finally, Squarepoint Ops LLC raised its position in shares of DLocal by 3.8% during the 2nd quarter. Squarepoint Ops LLC now owns 54,199 shares of the company's stock worth $704,000 after purchasing an additional 1,988 shares during the period. 90.13% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at DLocal

In other DLocal news, Director Sebastian Kanovich sold 72,753 shares of the business's stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $15.54, for a total transaction of $1,130,581.62. Following the sale, the director directly owned 4,700 shares of the company's stock, valued at $73,038. The trade was a 93.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 45.44% of the stock is currently owned by company insiders.

DLocal Trading Down 0.2%

NASDAQ DLO opened at $15.15 on Thursday. The stock's 50-day moving average price is $14.66 and its two-hundred day moving average price is $13.82. The company has a market cap of $4.47 billion, a PE ratio of 22.61 and a beta of 0.86. DLocal Limited has a 1 year low of $10.64 and a 1 year high of $16.15.

DLocal (NASDAQ:DLO - Get Free Report) last issued its quarterly earnings results on Friday, August 14th. The company reported $0.18 EPS for the quarter, meeting the consensus estimate of $0.18. DLocal had a net margin of 15.04% and a return on equity of 41.64%. The business had revenue of $399.66 million during the quarter, compared to the consensus estimate of $366.77 million. During the same quarter in the prior year, the firm earned $0.14 EPS. The firm's quarterly revenue was up 55.9% on a year-over-year basis. Research analysts forecast that DLocal Limited will post 0.81 EPS for the current fiscal year.

Analyst Ratings Changes

DLO has been the topic of a number of analyst reports. UBS Group raised shares of DLocal from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $16.00 to $20.00 in a report on Wednesday, July 1st. Weiss Ratings raised shares of DLocal from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, October 8th. The Goldman Sachs Group upped their target price on shares of DLocal from $17.00 to $19.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. Finally, Truist Financial raised their price target on shares of DLocal from $17.00 to $18.00 and gave the company a "buy" rating in a research note on Thursday, August 27th. Six investment analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, DLocal currently has an average rating of "Buy" and a consensus price target of $19.20.

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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