Ridgewood Investments LLC Cuts Position in DLocal Limited (NASDAQ:DLO)

Ridgewood Investments LLC decreased its holdings in DLocal Limited (NASDAQ:DLO) by 13.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 11,796 shares of the company’s stock after selling 1,858 shares during the quarter. Ridgewood Investments LLC’s holdings in DLocal were worth $133,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of DLO. Quarry LP raised its stake in shares of 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 period. International Assets Investment Management LLC purchased a new stake in shares of DLocal during the third quarter valued at approximately $109,000. Krane Funds Advisors LLC purchased a new stake in shares of DLocal during the second quarter valued at approximately $122,000. Aigen Investment Management LP purchased a new stake in shares of DLocal during the third quarter valued at approximately $152,000. Finally, Squarepoint Ops LLC acquired a new stake in shares of DLocal during the second quarter worth approximately $157,000. Hedge funds and other institutional investors own 90.13% of the company’s stock.

DLocal Price Performance

Shares of NASDAQ DLO opened at $11.23 on Friday. DLocal Limited has a fifty-two week low of $6.57 and a fifty-two week high of $18.27. The firm’s 50-day simple moving average is $10.93 and its 200 day simple moving average is $9.21. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.01. The stock has a market cap of $3.32 billion, a P/E ratio of 28.08, a P/E/G ratio of 3.36 and a beta of 0.87.

DLocal (NASDAQ:DLO) last issued its quarterly earnings data on Wednesday, November 13th. The company reported $0.09 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.09. DLocal had a net margin of 16.35% and a return on equity of 32.59%. The business had revenue of $185.80 million for the quarter, compared to analysts’ expectations of $181.47 million. During the same period in the previous year, the business earned $0.16 earnings per share. The company’s revenue was up 13.4% on a year-over-year basis. Equities analysts expect that DLocal Limited will post 0.47 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Barclays raised their price target on shares of DLocal from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research report on Monday, November 18th. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $11.19.

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.