Barclays PLC Purchases 59,900 Shares of Patria Investments Limited (NYSE:PAX)

Barclays PLC lifted its position in shares of Patria Investments Limited (NYSE:PAX - Free Report) by 314.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 78,977 shares of the company's stock after purchasing an additional 59,900 shares during the period. Barclays PLC owned 0.13% of Patria Investments worth $883,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Mendota Financial Group LLC purchased a new position in shares of Patria Investments during the third quarter valued at approximately $56,000. Public Employees Retirement System of Ohio purchased a new position in Patria Investments in the 3rd quarter worth about $107,000. Algert Global LLC purchased a new stake in shares of Patria Investments during the 2nd quarter valued at about $139,000. Dynamic Technology Lab Private Ltd bought a new position in Patria Investments during the third quarter valued at approximately $130,000. Finally, Naviter Wealth LLC purchased a new stake in Patria Investments in the third quarter worth approximately $183,000. 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 dropped their price objective on shares of Patria Investments from $16.00 to $14.00 and set a "buy" rating on the stock in a report on Tuesday, October 22nd.

Patria Investments Price Performance

NYSE:PAX traded up $0.14 during trading hours on Tuesday, reaching $11.63. The stock had a trading volume of 411,198 shares, compared to its average volume of 482,867. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a market capitalization of $695.09 million, a PE ratio of 27.05, a PEG ratio of 1.74 and a beta of 0.58. Patria Investments Limited has a 52 week low of $10.63 and a 52 week high of $16.16. The company has a 50 day moving average price of $12.01 and a two-hundred day moving average price of $11.86.

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

Patria Investments Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, November 18th were issued a $0.15 dividend. The ex-dividend date was Monday, November 18th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.16%. Patria Investments's payout ratio 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.