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

CenterBook Partners LP acquired a new stake in shares of DLocal Limited (NASDAQ:DLO) in the 3rd quarter, HoldingsChannel.com reports. The firm acquired 268,692 shares of the company’s stock, valued at approximately $3,697,000.

Other institutional investors have also recently made changes to their positions in the company. Calamos Advisors LLC purchased a new position in DLocal during the 3rd quarter worth $616,000. Sterling Capital Management LLC raised its stake in DLocal by 847.2% in the third quarter. Sterling Capital Management LLC now owns 3,031 shares of the company’s stock valued at $42,000 after buying an additional 2,711 shares during the last quarter. CWA Asset Management Group LLC acquired a new stake in DLocal in the third quarter worth about $2,420,000. Annex Advisory Services LLC purchased a new stake in shares of DLocal during the third quarter worth about $1,515,000. Finally, State of Alaska Department of Revenue purchased a new stake in shares of DLocal during the third quarter worth about $80,000. Institutional investors and hedge funds own 90.13% of the company’s stock.

DLocal Price Performance

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

DLocal (NASDAQ:DLO) last issued its quarterly earnings results on Friday, August 14th. The company reported $0.18 EPS for the quarter, hitting analysts’ consensus estimates of $0.18. The company had revenue of $399.66 million during the quarter, compared to analysts’ expectations of $366.77 million. DLocal had a return on equity of 41.64% and a net margin of 15.04%. The firm’s revenue was up 55.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.14 EPS. As a group, equities research analysts expect that DLocal Limited will post 0.80 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Weiss Ratings downgraded shares of DLocal from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, November 2nd. Truist Financial lowered their target price on shares of DLocal from $18.00 to $17.00 and set a “buy” rating for the company in a research note on Friday, October 23rd. Finally, The Goldman Sachs Group boosted 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. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, DLocal currently has an average 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.