TT Capital Management LLC Acquires Shares of 68,150 Patria Investments Limited (NYSE:PAX)

TT Capital Management LLC bought a new stake in Patria Investments Limited (NYSE:PAX - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 68,150 shares of the company's stock, valued at approximately $766,000. TT Capital Management LLC owned 0.11% of Patria Investments as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Pertento Partners LLP grew its holdings in shares of Patria Investments by 8.9% in the 4th quarter. Pertento Partners LLP now owns 3,308,626 shares of the company's stock worth $38,479,000 after purchasing an additional 270,075 shares during the last quarter. State Street Corp grew its position in shares of Patria Investments by 21.7% during the 3rd quarter. State Street Corp now owns 1,165,331 shares of the company's stock worth $13,017,000 after buying an additional 208,039 shares during the period. Geode Capital Management LLC boosted its position in shares of Patria Investments by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 692,190 shares of the company's stock worth $8,050,000 after purchasing an additional 11,743 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Patria Investments by 34.7% in the third quarter. JPMorgan Chase & Co. now owns 442,365 shares of the company's stock valued at $4,941,000 after acquiring an additional 113,935 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Patria Investments by 4.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 135,284 shares of the company's stock valued at $1,573,000 after purchasing an additional 5,852 shares in the last quarter. Institutional investors own 96.27% of the company's stock.

Patria Investments Stock Up 1.0 %

Shares of NYSE:PAX traded up $0.10 during midday trading on Friday, reaching $9.98. 493,919 shares of the company were exchanged, compared to its average volume of 570,018. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.31. The firm has a market cap of $596.47 million, a PE ratio of 19.96, a P/E/G ratio of 1.28 and a beta of 0.56. The stock has a fifty day simple moving average of $11.26 and a two-hundred day simple moving average of $11.59. Patria Investments Limited has a fifty-two week low of $9.43 and a fifty-two week high of $14.26.

Patria Investments Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Tuesday, February 25th were issued a dividend of $0.15 per share. The ex-dividend date was Tuesday, February 25th. This represents a $0.60 annualized dividend and a yield of 6.01%. Patria Investments's payout ratio is presently 120.00%.

About Patria Investments

Patria Investments Limited operates as a private market investment firm focused on investing in Latin America. The company offers asset management services to investors focusing on private equity funds, infrastructure development funds, co-investments funds, constructivist equity funds, and real estate and credit funds.