Federated Hermes Inc. Purchases 40,000 Shares of Patria Investments Limited (NYSE:PAX)

Federated Hermes Inc. increased its holdings in shares of Patria Investments Limited (NYSE:PAX - Free Report) by 42.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 135,000 shares of the company's stock after acquiring an additional 40,000 shares during the period. Federated Hermes Inc. owned about 0.23% of Patria Investments worth $1,570,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in PAX. State Street Corp grew its stake 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. Public Employees Retirement System of Ohio acquired a new stake in Patria Investments in the 3rd quarter valued at $107,000. Barclays PLC grew its position in Patria Investments by 314.0% in the third quarter. Barclays PLC now owns 78,977 shares of the company's stock valued at $883,000 after acquiring an additional 59,900 shares during the period. Geode Capital Management LLC raised its stake in Patria Investments by 0.8% during the third quarter. Geode Capital Management LLC now owns 680,447 shares of the company's stock worth $7,601,000 after acquiring an additional 5,187 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted 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 valued at $4,941,000 after acquiring an additional 113,935 shares during the period. Institutional investors own 96.27% of the company's stock.

Patria Investments Price Performance

Shares of PAX traded up $0.10 during trading hours on Friday, hitting $9.98. The stock had a trading volume of 493,919 shares, compared to its average volume of 571,050. Patria Investments Limited has a 52 week low of $9.43 and a 52 week high of $14.26. The stock has a market capitalization of $596.47 million, a price-to-earnings ratio of 19.96, a P/E/G ratio of 1.28 and a beta of 0.56. The company's fifty day moving average is $11.22 and its two-hundred day moving average is $11.58. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.91 and a quick ratio of 0.91.

Patria Investments Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Tuesday, February 25th were given a $0.15 dividend. The ex-dividend date was Tuesday, February 25th. This represents a $0.60 annualized dividend and a yield of 6.01%. Patria Investments's payout ratio is 120.00%.

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.