FIL Ltd trimmed its position in shares of Patria Investments Limited (NYSE:PAX - Free Report) by 7.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 531,968 shares of the company's stock after selling 44,748 shares during the period. FIL Ltd owned approximately 0.89% of Patria Investments worth $6,187,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new stake in shares of Patria Investments during the fourth quarter valued at about $29,000. SBI Securities Co. Ltd. purchased a new position in Patria Investments in the fourth quarter valued at about $41,000. Roxbury Financial LLC acquired a new stake in Patria Investments during the 4th quarter valued at approximately $55,000. Public Employees Retirement System of Ohio bought a new position in shares of Patria Investments during the third quarter valued at approximately $107,000. Finally, Quadrant Capital Group LLC raised its position in shares of Patria Investments by 239.5% during the 4th quarter. Quadrant Capital Group LLC now owns 9,692 shares of the company's stock worth $113,000 after purchasing an additional 6,837 shares during the period. Hedge funds and other institutional investors own 96.27% of the company's stock.
Patria Investments Stock Performance
Shares of NYSE PAX traded up $0.10 during mid-day trading on Friday, hitting $9.98. The company had a trading volume of 493,919 shares, compared to its average volume of 570,018. Patria Investments Limited has a 12 month low of $9.43 and a 12 month high of $14.26. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.91 and a quick ratio of 0.91. The firm's 50 day simple moving average is $11.26 and its two-hundred day simple moving average is $11.59. The stock has a market cap of $596.47 million, a price-to-earnings ratio of 19.96, a PEG ratio of 1.28 and a beta of 0.56.
Patria Investments Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Tuesday, February 25th were given a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $0.60 annualized dividend and a yield of 6.01%. Patria Investments's dividend payout ratio is presently 120.00%.
About Patria Investments
(
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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