GSA Capital Partners LLP Grows Position in DLocal Limited (NASDAQ:DLO)

GSA Capital Partners LLP grew its position in shares of DLocal Limited (NASDAQ:DLO) by 180.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 271,983 shares of the company’s stock after purchasing an additional 175,116 shares during the quarter. GSA Capital Partners LLP’s holdings in DLocal were worth $2,176,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Quarry LP boosted its position in DLocal by 1,124.7% during the second quarter. Quarry LP now owns 3,919 shares of the company’s stock worth $32,000 after purchasing an additional 3,599 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of DLocal during the 3rd quarter worth approximately $109,000. Ridgewood Investments LLC lifted its position in shares of DLocal by 31.8% during the 2nd quarter. Ridgewood Investments LLC now owns 13,654 shares of the company’s stock valued at $110,000 after buying an additional 3,293 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in DLocal in the 1st quarter valued at $218,000. Finally, Krane Funds Advisors LLC purchased a new stake in DLocal in the 2nd quarter worth $122,000. 90.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on DLO. Susquehanna dropped their target price on shares of DLocal from $21.00 to $14.00 and set a “positive” rating on the stock in a research report on Thursday, August 15th. Bank of America boosted their price objective on DLocal from $7.50 to $8.00 and gave the stock a “neutral” rating in a research note on Thursday, August 15th. Finally, Barclays decreased their target price on DLocal from $14.00 to $8.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 6th. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $12.50.

DLocal Trading Up 3.0 %

NASDAQ DLO opened at $8.65 on Tuesday. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.01. The firm has a 50 day moving average of $8.61 and a two-hundred day moving average of $8.88. The stock has a market capitalization of $2.56 billion, a PE ratio of 19.66, a price-to-earnings-growth ratio of 3.89 and a beta of 0.74. DLocal Limited has a 52 week low of $6.57 and a 52 week high of $19.45.

DLocal (NASDAQ:DLO) last released its quarterly earnings data on Wednesday, August 14th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.06. The business had revenue of $171.30 million during the quarter, compared to analysts’ expectations of $203.18 million. DLocal had a return on equity of 34.35% and a net margin of 18.76%. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.15 EPS. As a group, research analysts expect that DLocal Limited will post 0.42 EPS for the current fiscal year.

DLocal 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.