Empirical Asset Management LLC Takes Position in Patria Investments Limited (NYSE:PAX)

Empirical Asset Management LLC bought a new position in shares of Patria Investments Limited (NYSE:PAX - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 33,600 shares of the company's stock, valued at approximately $391,000. Empirical Asset Management LLC owned approximately 0.06% of Patria Investments as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the business. FMR LLC grew its position in shares of Patria Investments by 8.8% during the 3rd quarter. FMR LLC now owns 5,976,699 shares of the company's stock worth $66,760,000 after purchasing an additional 483,675 shares in the last quarter. State Street Corp grew its position in Patria Investments by 21.7% during the third 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 in the last quarter. Millennium Management LLC raised its holdings 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 acquiring an additional 289,830 shares in the last quarter. Geode Capital Management LLC raised its stake in Patria Investments by 0.8% in the third quarter. Geode Capital Management LLC now owns 680,447 shares of the company's stock valued at $7,601,000 after purchasing an additional 5,187 shares in the last quarter. Finally, Phase 2 Partners LLC grew its stake in Patria Investments by 57.7% during the third quarter. Phase 2 Partners LLC now owns 541,602 shares of the company's stock worth $6,050,000 after buying an additional 198,225 shares in the last quarter. Institutional investors own 96.27% of the company's stock.

Analyst Ratings Changes

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

Patria Investments Price Performance

Shares of NYSE:PAX traded up $0.55 during trading on Friday, hitting $11.65. 518,885 shares of the company were exchanged, compared to its average volume of 559,501. 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 Limited has a 1-year low of $10.63 and a 1-year high of $16.16. The company has a market capitalization of $696.32 million, a P/E ratio of 9.98, a price-to-earnings-growth ratio of 1.18 and a beta of 0.58. The business's 50 day moving average is $11.91 and its 200-day moving average is $11.80.

Patria Investments (NYSE:PAX - Get Free Report) last posted its earnings results on Tuesday, November 5th. The company reported $0.23 EPS 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 the consensus estimate of $76.55 million. During the same quarter in the prior year, the business posted $0.23 earnings per share. Equities analysts forecast that Patria Investments Limited will post 1.02 earnings per share for the current year.

Patria Investments Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, November 18th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 5.15%. The ex-dividend date of this dividend was Monday, November 18th. Patria Investments's dividend payout ratio (DPR) is presently 139.53%.

Patria Investments Company 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.