Millennium Management LLC Acquires 289,830 Shares of Patria Investments Limited (NYSE:PAX)

Millennium Management LLC increased its holdings in Patria Investments Limited (NYSE:PAX - Free Report) by 42.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 976,337 shares of the company's stock after buying an additional 289,830 shares during the period. Millennium Management LLC owned about 1.66% of Patria Investments worth $11,775,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of PAX. AdvisorNet Financial Inc lifted its position in Patria Investments by 9.7% in the 1st quarter. AdvisorNet Financial Inc now owns 9,580 shares of the company's stock valued at $142,000 after purchasing an additional 850 shares during the last quarter. Quadrature Capital Ltd bought a new stake in shares of Patria Investments in the 1st quarter worth approximately $200,000. Entropy Technologies LP bought a new stake in shares of Patria Investments in the 1st quarter worth approximately $219,000. Allegheny Financial Group LTD raised its holdings in shares of Patria Investments by 43.6% in the 2nd quarter. Allegheny Financial Group LTD now owns 22,728 shares of the company's stock worth $274,000 after purchasing an additional 6,899 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its holdings in shares of Patria Investments by 24.9% in the 2nd quarter. Commonwealth Equity Services LLC now owns 22,851 shares of the company's stock worth $276,000 after purchasing an additional 4,551 shares in the last quarter. 96.27% of the stock is currently owned by institutional investors.

Patria Investments Trading Down 0.8 %

Shares of Patria Investments stock traded down $0.09 during trading on Tuesday, hitting $10.98. The stock had a trading volume of 553,007 shares, compared to its average volume of 432,177. The stock has a 50 day simple moving average of $11.45 and a 200 day simple moving average of $12.54. The company has a market capitalization of $656.27 million, a PE ratio of 14.19, a P/E/G ratio of 1.17 and a beta of 0.58. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.15. Patria Investments Limited has a 1 year low of $10.63 and a 1 year high of $16.16.

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

Patria Investments Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 9th. Investors of record on Monday, August 19th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 5.46%. The ex-dividend date was Monday, August 19th. Patria Investments's payout ratio is currently 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.