Lane Generational LLC Raises Stock Holdings in DLocal Limited (NASDAQ:DLO)

Lane Generational LLC raised its holdings in DLocal Limited (NASDAQ:DLO - Free Report) by 27.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 525,530 shares of the company's stock after purchasing an additional 113,297 shares during the quarter. DLocal accounts for 4.8% of Lane Generational LLC's investment portfolio, making the stock its 6th largest position. Lane Generational LLC owned approximately 0.18% of DLocal worth $4,383,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Azora Capital LP bought a new position in DLocal during the fourth quarter valued at about $37,144,000. Canada Pension Plan Investment Board bought a new stake in shares of DLocal in the fourth quarter valued at $25,099,000. J. Goldman & Co LP raised its stake in shares of DLocal by 175.5% in the fourth quarter. J. Goldman & Co LP now owns 1,351,181 shares of the company's stock valued at $15,214,000 after buying an additional 860,681 shares during the period. Balyasny Asset Management L.P. raised its stake in shares of DLocal by 82.1% in the fourth quarter. Balyasny Asset Management L.P. now owns 987,978 shares of the company's stock valued at $11,125,000 after buying an additional 445,549 shares during the period. Finally, Tikvah Management LLC raised its stake in shares of DLocal by 115.6% in the fourth quarter. Tikvah Management LLC now owns 901,800 shares of the company's stock valued at $10,154,000 after buying an additional 483,500 shares during the period. Institutional investors own 90.13% of the company's stock.

DLocal Price Performance

Shares of DLocal stock remained flat at $10.83 during trading hours on Friday. The stock had a trading volume of 751,221 shares, compared to its average volume of 1,074,702. DLocal Limited has a 52-week low of $6.57 and a 52-week high of $14.26. The company has a market cap of $3.09 billion, a price-to-earnings ratio of 22.10 and a beta of 1.11. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.65 and a current ratio of 1.65. The business has a 50 day moving average price of $10.91 and a two-hundred day moving average price of $10.58.

DLocal (NASDAQ:DLO - Get Free Report) last announced its quarterly earnings results on Wednesday, May 14th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.12 by $0.03. The firm had revenue of $216.76 million for the quarter, compared to the consensus estimate of $213.52 million. DLocal had a net margin of 19.19% and a return on equity of 37.55%. The company's revenue for the quarter was up 17.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.06 earnings per share. On average, research analysts forecast that DLocal Limited will post 0.47 EPS for the current year.

DLocal Announces Dividend

The business also recently disclosed a -- dividend, which was paid on Tuesday, June 10th. Stockholders of record on Tuesday, May 27th were issued a dividend of $0.5251 per share. The ex-dividend date of this dividend was Tuesday, May 27th.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Truist Financial assumed coverage on DLocal in a research note on Monday, June 2nd. They issued a "hold" rating and a $12.00 target price on the stock. Citigroup assumed coverage on DLocal in a research note on Tuesday, May 27th. They issued a "buy" rating and a $14.60 target price on the stock. Finally, Susquehanna boosted their target price on DLocal from $16.00 to $18.00 and gave the company a "positive" rating in a research note on Thursday, May 15th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, DLocal presently has an average rating of "Hold" and a consensus price target of $12.45.

DLocal Company Profile

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.