Aurora Investment Counsel Buys New Shares in Patria Investments Limited (NYSE:PAX)

Aurora Investment Counsel bought a new stake in Patria Investments Limited (NYSE:PAX - Free Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 125,401 shares of the company's stock, valued at approximately $1,401,000. Aurora Investment Counsel owned 0.21% of Patria Investments at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GSA Capital Partners LLP raised its stake in Patria Investments by 28.7% in the third quarter. GSA Capital Partners LLP now owns 56,083 shares of the company's stock valued at $626,000 after buying an additional 12,516 shares in the last quarter. Naviter Wealth LLC acquired a new stake in shares of Patria Investments during the third quarter worth about $183,000. Mendota Financial Group LLC acquired a new stake in shares of Patria Investments during the third quarter worth about $56,000. SG Americas Securities LLC acquired a new stake in shares of Patria Investments during the third quarter worth about $211,000. Finally, Algert Global LLC acquired a new stake in shares of Patria Investments during the second quarter worth about $139,000. 96.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group cut their target price on Patria Investments from $16.00 to $14.00 and set a "buy" rating on the stock in a research report on Tuesday, October 22nd.

Patria Investments Stock Performance

Shares of PAX stock opened at $11.97 on Thursday. The stock has a market capitalization of $715.45 million, a PE ratio of 10.58, a price-to-earnings-growth ratio of 1.46 and a beta of 0.57. Patria Investments Limited has a 52-week low of $10.63 and a 52-week high of $16.16. The stock's 50-day moving average price is $11.52 and its 200 day moving average price is $12.04. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.31.

Patria Investments (NYSE:PAX - Get Free Report) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.23 earnings per share for the quarter, missing analysts' consensus estimates of $0.24 by ($0.01). The business had revenue of $78.10 million during the quarter, compared to analysts' expectations of $76.55 million. Patria Investments had a net margin of 19.68% and a return on equity of 34.00%. During the same period in the prior year, the firm posted $0.23 EPS. As a group, equities research analysts forecast that Patria Investments Limited will post 1.05 EPS for the current year.

Patria Investments Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 9th. Stockholders of record on Monday, November 18th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 5.01%. The ex-dividend date is Monday, November 18th. Patria Investments's dividend payout ratio (DPR) is 139.53%.

Patria Investments Profile

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.

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