Proem Advisors LLC Sells 75,000 Shares of DLocal Limited $DLO

Proem Advisors LLC decreased its position in shares of DLocal Limited (NASDAQ:DLO) by 13.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 500,000 shares of the company’s stock after selling 75,000 shares during the quarter. DLocal makes up 0.8% of Proem Advisors LLC’s investment portfolio, making the stock its 16th largest position. Proem Advisors LLC’s holdings in DLocal were worth $7,070,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. IFP Advisors Inc bought a new position in shares of DLocal during the 3rd quarter worth $26,000. Global Retirement Partners LLC bought a new position in shares of DLocal during the 3rd quarter worth $29,000. Jones Financial Companies Lllp grew its stake in shares of DLocal by 221.1% during the 3rd quarter. Jones Financial Companies Lllp now owns 4,816 shares of the company’s stock worth $70,000 after acquiring an additional 3,316 shares during the period. Advisory Services Network LLC bought a new position in shares of DLocal during the 3rd quarter worth $103,000. Finally, Osaic Holdings Inc. grew its stake in shares of DLocal by 17.1% during the 2nd quarter. Osaic Holdings Inc. now owns 9,108 shares of the company’s stock worth $103,000 after acquiring an additional 1,329 shares during the period. Institutional investors own 90.13% of the company’s stock.

DLocal Trading Down 3.2%

Shares of NASDAQ DLO opened at $13.26 on Tuesday. The stock’s 50-day moving average is $12.79 and its 200 day moving average is $13.42. The stock has a market cap of $3.91 billion, a price-to-earnings ratio of 20.72 and a beta of 1.04. DLocal Limited has a 1-year low of $9.20 and a 1-year high of $16.78.

DLocal (NASDAQ:DLO) last issued its quarterly earnings results on Thursday, March 19th. The company reported $0.18 EPS for the quarter, meeting analysts’ consensus estimates of $0.18. The business had revenue of $337.89 million for the quarter, compared to analysts’ expectations of $294.29 million. DLocal had a net margin of 18.00% and a return on equity of 40.40%. The business’s quarterly revenue was up 65.2% on a year-over-year basis. During the same period last year, the business earned $0.10 earnings per share. On average, analysts forecast that DLocal Limited will post 0.85 EPS for the current fiscal year.

DLocal Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th will be issued a dividend of $0.1939 per share. The ex-dividend date of this dividend is Wednesday, May 27th. This represents a $0.78 annualized dividend and a dividend yield of 5.8%.

Analysts Set New Price Targets

DLO has been the subject of several research reports. The Goldman Sachs Group reiterated a “buy” rating and set a $17.00 price target on shares of DLocal in a research note on Thursday, April 30th. JPMorgan Chase & Co. cut their price target on DLocal from $18.50 to $18.00 and set an “overweight” rating for the company in a research note on Monday, February 2nd. Truist Financial cut their price target on DLocal from $17.00 to $15.00 and set a “buy” rating for the company in a research note on Tuesday, March 17th. Wall Street Zen raised DLocal from a “hold” rating to a “buy” rating in a report on Sunday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of DLocal in a report on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, DLocal presently has an average rating of “Moderate Buy” and an average price target of $16.78.

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.