Patria Investments Limited (NYSE:PAX) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lowered its stake in shares of Patria Investments Limited (NYSE:PAX - Free Report) by 64.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 47,225 shares of the company's stock after selling 86,027 shares during the quarter. Los Angeles Capital Management LLC owned 0.08% of Patria Investments worth $528,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of PAX. American Century Companies Inc. lifted its position in shares of Patria Investments by 19.1% during the 2nd quarter. American Century Companies Inc. now owns 2,424,862 shares of the company's stock worth $29,244,000 after purchasing an additional 389,331 shares during the last quarter. Millennium Management LLC lifted its holdings in Patria Investments by 42.2% during the 2nd quarter. Millennium Management LLC now owns 976,337 shares of the company's stock worth $11,775,000 after buying an additional 289,830 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Patria Investments by 16.2% during the 1st quarter. Vanguard Group Inc. now owns 419,823 shares of the company's stock worth $6,230,000 after buying an additional 58,443 shares during the last quarter. Capital International Inc. CA boosted its position in shares of Patria Investments by 6.2% during the 1st quarter. Capital International Inc. CA now owns 947,997 shares of the company's stock worth $14,068,000 after acquiring an additional 55,065 shares in the last quarter. Finally, Denali Advisors LLC purchased a new position in shares of Patria Investments in the 2nd quarter valued at about $462,000. Hedge funds and other institutional investors own 96.27% of the company's stock.

Analyst Upgrades and Downgrades

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

Patria Investments Stock Down 2.4 %

Shares of Patria Investments stock traded down $0.29 during trading hours on Friday, hitting $11.92. The company had a trading volume of 539,247 shares, compared to its average volume of 646,096. 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 company's 50-day moving average is $11.46 and its two-hundred day moving average is $12.06. The company has a market cap of $712.46 million, a P/E ratio of 27.72, a price-to-earnings-growth ratio of 1.46 and a beta of 0.57. Patria Investments Limited has a twelve month low of $10.63 and a twelve month high of $16.16.

Patria Investments (NYSE:PAX - Get Free Report) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.23 earnings per share (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 company had revenue of $78.10 million during the quarter, compared to analyst estimates of $76.55 million. During the same quarter in the prior year, the company earned $0.23 EPS. Analysts anticipate that Patria Investments Limited will post 1.05 earnings per share for the current fiscal year.

Patria Investments Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 9th. Stockholders of record on Monday, November 18th will be paid a dividend of $0.15 per share. The ex-dividend date is Monday, November 18th. This represents a $0.60 annualized dividend and a dividend yield of 5.03%. Patria Investments's dividend payout ratio (DPR) 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.