CWA Asset Management Group 13F: New $2.4M Stake in DLocal (DLO)

CWA Asset Management Group bought a new stake in DLocal Limited DLO, picking up 175,891 shares worth about $2.42 million. The fund disclosed the investment in a Form 13F filing with the Securities and Exchange Commission on October 19, 2026.

DLO DLocal Limited

$15.18 ▲ +9.68% year to date

1M 3M YTD

Daily close · Oct 20, 2026

What Changed in CWA Asset Management Group's DLocal Position

The fund initiated a brand-new holding in the cross-border payment platform, starting from zero shares and ending the period with 175,891 shares. The reported value of the position stood at $2.42 million as of the filing date. Because this was a new buy, there was no prior share count or percentage change to report.

Other Institutional Activity in DLocal

Other big investors made adjustments to their own DLocal holdings during the reporting period. General Atlantic, L.P. kept its massive stake steady at 46,656,695 shares worth about $708.2 million. Summit Trail Advisors, LLC held its ground with 7,679,330 shares valued at roughly $116.6 million. Cria, Inc. also held its position steady at 4,000,000 shares worth about $60.7 million. Meanwhile, Atmos Capital Gestao de Recursos Ltda grew its holdings by 1,918,788 shares, ending with 3,990,466 shares worth about $60.6 million for a 92.6% increase. Fourth Sail Capital LP lifted its stake by 1,676,199 shares, finishing with 3,943,171 shares valued at about $59.9 million following a 73.9% jump.

DLocal Limited Stock Up 3.1%

DLocal shares recently traded around $15.18, up about 3.1% from an event-day close of $14.73 on October 19, 2026. The stock trades above its 50-day moving average of $14.62 and sits comfortably above its 200-day moving average of $13.56. The shares rest roughly 6.0% below their 52-week high of $16.15 and stand about 42.7% above their 52-week low of $10.64.

Recent Earnings

DLocal reported revenue of $1.36 billion over the trailing twelve months alongside earnings of $0.68 per share. The company posted a net profit margin of 15.0% and a return on equity of 41.3%, paired with a year-over-year revenue growth rate of 55.8%. The company's next earnings report is scheduled for November 12, 2026.

Dividend

DLocal pays an annual dividend rate of $0.19 per share, which translates to a dividend yield of 1.28%. The company uses 28.5% of its earnings to fund the payout, leaving room for reinvestment while returning cash to shareholders.

Insider Buying and Selling at DLocal Limited

Company insiders made several transactions in the months leading up to the filing. Director William Rodney Pruett bought 20,000 shares at $11.85 apiece for a total of $237,000 on May 29, 2026. On the selling side, Director Sebastian Kanovich unloaded 1,000,000 shares at $14.63 each worth $14.63 million on July 1, 2026. Kanovich later sold 25,700 shares at $15.50 each for $398,350 on July 7, 2026, and disposed of another 77,453 shares on August 5, 2026.

Analysts Set New Price Targets

Wall Street analysts updated their views on the stock ahead of the filing. UBS upgraded the stock to a buy rating with a target of $20.00, up from $16.00, on July 1, 2026. Truist Securities maintained a buy rating while lifting its target to $17.00 from $15.00 on July 24, 2026. Goldman Sachs kept a buy rating on July 31, 2026, raising its target to $19.00 from $17.00. Truist Securities again maintained a buy rating on August 27, 2026, bumping its target to $18.00. Across the broader analyst community, the stock holds a consensus recommendation of strong buy with a mean price target of $18.80 from 10 analysts.

About DLocal Limited

DLocal Limited operates out of Montevideo, Uruguay, providing payment processing technology to merchants worldwide. The company connects global businesses with buyers in emerging markets, supporting local cards, bank transfers, cash options, and alternative payment methods to handle both pay-in and pay-out needs.

Bottom Line

CWA Asset Management Group's new stake brings fresh institutional attention to DLocal as the company prepares for its upcoming earnings release on November 12, 2026. Investors will watch to see if revenue growth and profit margins continue to match analyst expectations.