Patria Investments Limited (NYSE:PAX) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC lessened its position in Patria Investments Limited (NYSE:PAX - Free Report) by 57.2% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 103,800 shares of the company's stock after selling 138,500 shares during the period. Renaissance Technologies LLC owned approximately 0.18% of Patria Investments worth $1,252,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Federated Hermes Inc. boosted its position in Patria Investments by 58.3% during the second quarter. Federated Hermes Inc. now owns 95,000 shares of the company's stock worth $1,146,000 after purchasing an additional 35,000 shares during the period. American Century Companies Inc. boosted its position in Patria Investments by 19.1% during the second quarter. American Century Companies Inc. now owns 2,424,862 shares of the company's stock valued at $29,244,000 after buying an additional 389,331 shares during the period. National Bank of Canada FI increased its stake in Patria Investments by 10.3% in the 2nd quarter. National Bank of Canada FI now owns 243,447 shares of the company's stock worth $2,963,000 after purchasing an additional 22,825 shares during the period. Allegheny Financial Group LTD raised its holdings in Patria Investments by 43.6% during the 2nd quarter. Allegheny Financial Group LTD now owns 22,728 shares of the company's stock valued at $274,000 after buying an additional 6,899 shares during the last quarter. Finally, Rhumbline Advisers grew its stake in shares of Patria Investments by 10.1% in the second quarter. Rhumbline Advisers now owns 77,732 shares of the company's stock worth $937,000 after purchasing an additional 7,158 shares during the last quarter. Institutional investors own 96.27% of the company's stock.

Patria Investments Trading Up 1.1 %

NYSE PAX traded up $0.12 during trading on Friday, hitting $11.00. The company had a trading volume of 657,938 shares, compared to its average volume of 731,619. Patria Investments Limited has a one year low of $10.63 and a one year high of $16.16. The company's fifty day moving average is $11.49 and its 200-day moving average is $12.58. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.15. The company has a market cap of $657.47 million, a price-to-earnings ratio of 9.90, a price-to-earnings-growth ratio of 1.17 and a beta of 0.58.

Patria Investments (NYSE:PAX - Get Free Report) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. The business had revenue of $75.00 million for the quarter, compared to analysts' expectations of $69.99 million. Patria Investments had a return on equity of 34.20% and a net margin of 26.01%. During the same period in the prior year, the firm posted $0.30 EPS. On average, sell-side analysts predict that Patria Investments Limited will post 1.2 earnings per share for the current year.

Patria Investments Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 9th. Shareholders of record on Monday, August 19th were paid a $0.15 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $0.60 dividend on an annualized basis and a yield of 5.45%. Patria Investments's payout ratio is presently 76.92%.

About Patria Investments

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.