William Rodney Pruett Acquires 20,000 Shares of DLocal (NASDAQ:DLO) Stock

by · The Markets Daily

DLocal Limited (NASDAQ:DLOGet Free Report) Director William Rodney Pruett acquired 20,000 shares of DLocal stock in a transaction on Friday, May 29th. The shares were purchased at an average cost of $11.85 per share, with a total value of $237,000.00. Following the completion of the acquisition, the director owned 108,043 shares of the company’s stock, valued at $1,280,309.55. This trade represents a 22.72% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

DLocal Trading Down 2.8%

Shares of NASDAQ DLO opened at $11.40 on Thursday. The stock has a fifty day simple moving average of $12.78 and a two-hundred day simple moving average of $13.10. DLocal Limited has a 1-year low of $9.75 and a 1-year high of $16.78. The firm has a market cap of $3.36 billion, a price-to-earnings ratio of 18.10 and a beta of 0.99.

DLocal (NASDAQ:DLOGet Free Report) last announced its quarterly earnings data on Thursday, May 14th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.01. DLocal had a return on equity of 41.22% and a net margin of 15.85%.The business had revenue of $335.86 million during the quarter, compared to analyst estimates of $331.20 million. During the same period in the prior year, the company earned $0.15 earnings per share. DLocal’s revenue was up 54.9% compared to the same quarter last year. Analysts forecast that DLocal Limited will post 0.81 EPS for the current year.

DLocal Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 27th will be issued a dividend of $0.1939 per share. This represents a $0.78 annualized dividend and a yield of 6.8%. The ex-dividend date of this dividend is Wednesday, May 27th. DLocal’s dividend payout ratio is 123.81%.

Hedge Funds Weigh In On DLocal

Large investors have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd boosted its holdings in shares of DLocal by 114.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,826 shares of the company’s stock worth $26,000 after acquiring an additional 975 shares during the period. IFP Advisors Inc bought a new position in shares of DLocal in the third quarter worth $26,000. University of Texas Texas AM Investment Management Co. bought a new position in shares of DLocal in the fourth quarter worth $40,000. Banque Cantonale Vaudoise purchased a new stake in shares of DLocal in the first quarter worth $42,000. Finally, Jones Financial Companies Lllp raised its position in shares of DLocal by 221.1% in the third quarter. Jones Financial Companies Lllp now owns 4,816 shares of the company’s stock worth $70,000 after buying an additional 3,316 shares in the last quarter. 90.13% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

DLO has been the subject of several research reports. Wall Street Zen lowered DLocal from a “buy” rating to a “hold” rating in a report on Monday, May 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of DLocal in a report on Monday, April 20th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $17.00 price target on shares of DLocal in a report on Thursday, April 30th. Finally, Truist Financial cut their price target on DLocal from $16.00 to $15.00 and set a “buy” rating for the company in a report on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $16.63.

Check Out Our Latest Analysis on DLO

DLocal Company Profile

(Get Free Report)

dLocal is a fintech company specializing in cross-border payments and payouts for global merchants operating in emerging markets. Headquartered in Montevideo, Uruguay, the company offers a technology platform that simplifies complex payment flows, enabling businesses to connect with local payment methods through a single integration.

The dLocal platform supports a wide range of local payment options, including credit and debit cards, bank transfers, e-wallets and cash-based methods. It incorporates risk-management tools, compliance services and anti-fraud solutions to help clients navigate regulatory requirements and minimize payment failures across diverse jurisdictions.

dLocal serves merchants in sectors such as e-commerce, online marketplaces, digital content and gig economy platforms.

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