Patria Investments Limited (NYSE:PAX) Shares Bought by Barclays PLC

Barclays PLC lifted its position in shares of Patria Investments Limited (NYSE:PAX - Free Report) by 314.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,977 shares of the company's stock after acquiring an additional 59,900 shares during the quarter. Barclays PLC owned 0.13% of Patria Investments worth $883,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Citigroup Inc. lifted its holdings in shares of Patria Investments by 43.9% in the third quarter. Citigroup Inc. now owns 318,580 shares of the company's stock valued at $3,559,000 after purchasing an additional 97,210 shares in the last quarter. State Street Corp raised 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 purchasing an additional 208,039 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of Patria Investments during the 3rd quarter worth approximately $669,000. Millennium Management LLC lifted its stake in Patria Investments by 42.2% in the 2nd quarter. Millennium Management LLC now owns 976,337 shares of the company's stock valued at $11,775,000 after buying an additional 289,830 shares in the last quarter. Finally, FMR LLC grew its holdings in Patria Investments by 8.8% during the 3rd quarter. FMR LLC now owns 5,976,699 shares of the company's stock valued at $66,760,000 after buying an additional 483,675 shares during the last quarter. Institutional investors and hedge funds own 96.27% of the company's stock.

Analyst Ratings Changes

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

Patria Investments Trading Up 2.3 %

NYSE:PAX traded up $0.26 on Wednesday, reaching $11.51. The stock had a trading volume of 267,167 shares, compared to its average volume of 466,732. The company has a market cap of $687.92 million, a price-to-earnings ratio of 26.77, a P/E/G ratio of 1.74 and a beta of 0.58. Patria Investments Limited has a 12-month low of $10.63 and a 12-month high of $16.16. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.88 and a quick ratio of 0.88. The firm's fifty day moving average is $11.96 and its two-hundred day moving average is $11.81.

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

Patria Investments Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, November 18th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $0.60 annualized dividend and a yield of 5.21%. Patria Investments's dividend payout ratio (DPR) is presently 139.53%.

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.