Insider Buying: DLocal (NASDAQ:DLO) Director Purchases $237,000.00 in Stock

DLocal Limited (NASDAQ:DLO) Director William Rodney Pruett purchased 20,000 shares of the 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 transaction, the director owned 108,043 shares in the company, valued at $1,280,309.55. This trade represents a 22.72% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

DLocal Stock Performance

Shares of DLO opened at $11.77 on Friday. The stock has a 50-day moving average of $12.75 and a two-hundred day moving average of $13.08. DLocal Limited has a one year low of $9.75 and a one year high of $16.78. The stock has a market cap of $3.47 billion, a P/E ratio of 18.68 and a beta of 0.99.

DLocal (NASDAQ:DLO) last issued its quarterly earnings results on Thursday, May 14th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. DLocal had a return on equity of 41.22% and a net margin of 15.85%.The company had revenue of $335.86 million during the quarter, compared to analysts’ expectations of $331.20 million. During the same quarter in the previous year, the firm posted $0.15 EPS. The firm’s revenue was up 54.9% compared to the same quarter last year. Analysts predict that DLocal Limited will post 0.81 EPS for the current fiscal year.

DLocal Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 27th will be issued a $0.1939 dividend. This represents a $0.78 annualized dividend and a dividend yield of 6.6%. The ex-dividend date of this dividend is Wednesday, May 27th. DLocal’s payout ratio is 123.81%.

Hedge Funds Weigh In On DLocal

Several institutional investors and hedge funds have recently modified their holdings of the stock. Cria Inc. purchased a new position in shares of DLocal in the 4th quarter valued at about $56,560,000. Atmos Capital Gestao DE Recursos LTDA. purchased a new position in shares of DLocal in the 4th quarter valued at about $54,128,000. Azora Capital LP purchased a new position in shares of DLocal in the 4th quarter valued at about $21,888,000. Jain Global LLC purchased a new position in shares of DLocal in the 4th quarter valued at about $21,085,000. Finally, Hsbc Holdings PLC purchased a new position in shares of DLocal in the 1st quarter valued at about $18,037,000. Institutional investors and hedge funds own 90.13% of the company’s stock.

Analysts Set New Price Targets

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

About DLocal

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.