Capital Research Global Investors lessened its holdings in Patria Investments Limited (NYSE:PAX - Free Report) by 7.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,062,864 shares of the company's stock after selling 865,958 shares during the period. Capital Research Global Investors owned about 16.84% of Patria Investments worth $117,031,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also modified their holdings of the company. Barclays PLC grew its holdings in shares of Patria Investments by 314.0% during the 3rd quarter. Barclays PLC now owns 78,977 shares of the company's stock worth $883,000 after purchasing an additional 59,900 shares during the period. State Street Corp boosted its position in shares of Patria Investments by 21.7% in the 3rd quarter. State Street Corp now owns 1,165,331 shares of the company's stock valued at $13,017,000 after purchasing an additional 208,039 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Patria Investments by 34.7% during the third quarter. JPMorgan Chase & Co. now owns 442,365 shares of the company's stock worth $4,941,000 after buying an additional 113,935 shares during the last quarter. Empirical Asset Management LLC purchased a new position in Patria Investments during the 4th quarter worth $391,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Patria Investments in the fourth quarter valued at approximately $808,000. Hedge funds and other institutional investors own 96.27% of the company's stock.
Patria Investments Price Performance
Shares of PAX stock traded up $0.09 during mid-day trading on Friday, reaching $10.48. The stock had a trading volume of 382,783 shares, compared to its average volume of 572,306. The business has a 50-day simple moving average of $11.01 and a 200 day simple moving average of $11.56. The company has a market cap of $626.36 million, a P/E ratio of 20.96, a price-to-earnings-growth ratio of 1.28 and a beta of 0.56. Patria Investments Limited has a 12-month low of $9.43 and a 12-month high of $13.88. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.31.
Patria Investments Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Tuesday, February 25th were issued a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.73%. Patria Investments's dividend payout ratio (DPR) is presently 120.00%.
Patria Investments Profile
(
Free Report)
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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