Fmr LLC Boosts Stock Position in Patria Investments Limited (NYSE:PAX)

FMR LLC boosted its stake in shares of Patria Investments Limited (NYSE:PAX - Free Report) by 8.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,976,699 shares of the company's stock after buying an additional 483,675 shares during the quarter. FMR LLC owned approximately 10.00% of Patria Investments worth $66,760,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mendota Financial Group LLC acquired a new position in Patria Investments during the 3rd quarter worth about $56,000. Dynamic Technology Lab Private Ltd acquired a new position in Patria Investments during the 3rd quarter worth about $130,000. Algert Global LLC acquired a new position in Patria Investments during the 2nd quarter worth about $139,000. Naviter Wealth LLC acquired a new position in Patria Investments during the 3rd quarter worth about $183,000. Finally, Intech Investment Management LLC acquired a new position in shares of Patria Investments in the 3rd quarter valued at about $200,000. 96.27% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group dropped their price objective on 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 Trading Down 2.0 %

Shares of NYSE:PAX traded down $0.25 during midday trading on Friday, reaching $12.01. The company's stock had a trading volume of 291,407 shares, compared to its average volume of 589,489. Patria Investments Limited has a fifty-two week low of $10.63 and a fifty-two week high of $16.16. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.88 and a current ratio of 0.88. The firm has a 50 day moving average price of $11.74 and a two-hundred day moving average price of $11.98. The firm has a market capitalization of $717.84 million, a price-to-earnings ratio of 27.93, a PEG ratio of 1.49 and a beta of 0.58.

Patria Investments (NYSE:PAX - Get Free Report) last posted its earnings results 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). The company had revenue of $78.10 million for the quarter, compared to analysts' expectations of $76.55 million. Patria Investments had a return on equity of 34.00% and a net margin of 19.68%. During the same quarter in the prior year, the company earned $0.23 EPS. As a group, analysts forecast that Patria Investments Limited will post 1.05 earnings per share for the current year.

Patria Investments Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 9th. Shareholders of record on Monday, November 18th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $0.60 annualized dividend and a dividend yield of 5.00%. Patria Investments's dividend payout ratio is currently 139.53%.

Patria Investments 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.