Fourth Sail Capital LP Sells 625,838 Shares of DLocal Limited (NASDAQ:DLO)

Fourth Sail Capital LP lessened its stake in DLocal Limited (NASDAQ:DLO - Free Report) by 26.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,771,932 shares of the company's stock after selling 625,838 shares during the quarter. DLocal comprises approximately 3.6% of Fourth Sail Capital LP's holdings, making the stock its 11th biggest holding. Fourth Sail Capital LP owned approximately 0.60% of DLocal worth $14,175,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Quarry LP lifted its stake in DLocal by 1,124.7% during the second quarter. Quarry LP now owns 3,919 shares of the company's stock valued at $32,000 after purchasing an additional 3,599 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of DLocal during the 3rd quarter worth about $109,000. Ridgewood Investments LLC grew its holdings in shares of DLocal by 31.8% in the 2nd quarter. Ridgewood Investments LLC now owns 13,654 shares of the company's stock worth $110,000 after purchasing an additional 3,293 shares during the last quarter. Krane Funds Advisors LLC acquired a new position in DLocal during the 2nd quarter worth about $122,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd increased its position in DLocal by 24.7% in the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 15,639 shares of the company's stock worth $127,000 after purchasing an additional 3,101 shares during the period. Institutional investors and hedge funds own 90.13% of the company's stock.

DLocal Price Performance

Shares of DLO traded up $0.68 during mid-day trading on Monday, hitting $10.57. The company's stock had a trading volume of 2,054,594 shares, compared to its average volume of 1,608,804. The firm has a 50-day simple moving average of $8.74 and a 200 day simple moving average of $8.72. The firm has a market capitalization of $3.13 billion, a P/E ratio of 26.43, a P/E/G ratio of 4.58 and a beta of 0.74. The company has a current ratio of 1.54, a quick ratio of 1.50 and a debt-to-equity ratio of 0.01. DLocal Limited has a 1-year low of $6.57 and a 1-year high of $19.45.

DLocal (NASDAQ:DLO - Get Free Report) last announced its quarterly earnings data on Wednesday, November 13th. The company reported $0.09 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.09. DLocal had a return on equity of 32.59% and a net margin of 16.35%. The firm had revenue of $185.80 million for the quarter, compared to analysts' expectations of $181.47 million. During the same period last year, the business posted $0.16 earnings per share. The firm's revenue for the quarter was up 13.4% on a year-over-year basis. Analysts predict that DLocal Limited will post 0.47 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Bank of America increased their target price on DLocal from $7.50 to $8.00 and gave the stock a "neutral" rating in a report on Thursday, August 15th. Barclays lifted their target price on DLocal from $8.00 to $9.00 and gave the company an "equal weight" rating in a research report on Monday. Finally, Susquehanna cut their price objective on DLocal from $21.00 to $14.00 and set a "positive" rating on the stock in a research note on Thursday, August 15th. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, DLocal presently has a consensus rating of "Hold" and an average target price of $12.61.

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.