StoneCo Ltd. (STNE) To Go Ex-Dividend on April 24th

StoneCo Ltd. (NASDAQ:STNE) declared a special dividend on Tuesday, April 14th. Investors of record on Friday, April 24th will be paid a dividend of 2.53 per share on Monday, May 4th. The ex-dividend date is Friday, April 24th.

StoneCo Stock Performance

STNE opened at $14.92 on Thursday. The company has a current ratio of 1.37, a quick ratio of 1.43 and a debt-to-equity ratio of 0.81. StoneCo has a 12-month low of $11.72 and a 12-month high of $19.95. The firm has a 50 day moving average of $15.10 and a two-hundred day moving average of $15.94. The firm has a market capitalization of $4.27 billion, a PE ratio of 9.75, a P/E/G ratio of 0.32 and a beta of 1.89.

StoneCo (NASDAQ:STNE) last released its quarterly earnings data on Tuesday, March 3rd. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.48 by $0.02. The business had revenue of $675.42 million for the quarter, compared to the consensus estimate of $704.26 million. StoneCo had a net margin of 15.38% and a return on equity of 21.55%. On average, analysts anticipate that StoneCo will post 1.16 EPS for the current year.

Institutional Trading of StoneCo

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Blue Trust Inc. increased its holdings in StoneCo by 11,473.3% in the fourth quarter. Blue Trust Inc. now owns 1,736 shares of the company’s stock valued at $26,000 after buying an additional 1,721 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of StoneCo during the 4th quarter worth about $28,000. Rockefeller Capital Management L.P. boosted its stake in shares of StoneCo by 74.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,199 shares of the company’s stock worth $33,000 after acquiring an additional 936 shares in the last quarter. Ensign Peak Advisors Inc acquired a new stake in shares of StoneCo during the 4th quarter valued at about $33,000. Finally, Torren Management LLC acquired a new stake in shares of StoneCo during the 4th quarter valued at about $35,000. Institutional investors and hedge funds own 73.19% of the company’s stock.

About StoneCo

StoneCo Ltd., commonly known as Stone, is a Brazilian financial technology company that provides integrated digital payment solutions and related financial services to merchants. Through its cloud-based platform, Stone enables businesses of all sizes to accept a variety of payment methods, including point-of-sale (POS) terminals, mobile card readers and e-commerce gateways. In addition to payment acceptance, the company offers value-added services such as working capital loans, digital banking products and automated billing tools designed to help merchants manage cash flow and streamline operations.

Since its founding in 2012 by André Street and Eduardo Pontes, Stone has focused on serving over half a million merchants across Brazil’s retail, restaurant and services sectors.