JPMorgan Chase & Co. Raises Position in Patria Investments Limited (NYSE:PAX)

JPMorgan Chase & Co. grew its position in shares of Patria Investments Limited (NYSE:PAX - Free Report) by 34.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 442,365 shares of the company's stock after purchasing an additional 113,935 shares during the quarter. JPMorgan Chase & Co. owned about 0.74% of Patria Investments worth $4,941,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PAX. Mendota Financial Group LLC bought a new stake in shares of Patria Investments during the 3rd quarter valued at about $56,000. Public Employees Retirement System of Ohio acquired a new position in Patria Investments in the third quarter valued at approximately $107,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Patria Investments during the 3rd quarter worth approximately $130,000. Algert Global LLC acquired a new stake in shares of Patria Investments during the 2nd quarter worth approximately $139,000. Finally, Naviter Wealth LLC acquired a new stake in shares of Patria Investments during the 3rd quarter worth approximately $183,000. Institutional investors and hedge funds own 96.27% of the company's stock.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group cut their target price on shares of Patria Investments from $16.00 to $14.00 and set a "buy" rating on the stock in a research note on Tuesday, October 22nd.

Patria Investments Stock Up 5.0 %

Shares of PAX traded up $0.55 during trading hours on Friday, hitting $11.65. The stock had a trading volume of 518,885 shares, compared to its average volume of 472,462. The firm has a 50 day simple moving average of $11.92 and a 200-day simple moving average of $11.80. Patria Investments Limited has a 1-year low of $10.63 and a 1-year 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 has a market capitalization of $696.32 million, a P/E ratio of 27.09, a price-to-earnings-growth ratio of 1.18 and a beta of 0.58.

Patria Investments (NYSE:PAX - Get Free Report) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.23 EPS for the quarter, missing analysts' consensus estimates 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 analyst estimates of $76.55 million. During the same period last year, the business posted $0.23 EPS. Sell-side analysts predict that Patria Investments Limited will post 1.02 EPS for the current fiscal year.

Patria Investments Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, November 18th were issued a dividend of $0.15 per share. The ex-dividend date was Monday, November 18th. This represents a $0.60 annualized dividend and a yield of 5.15%. Patria Investments's payout ratio is 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.