Patria Investments Limited (NYSE:PAX) Shares Sold by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP reduced its position in shares of Patria Investments Limited (NYSE:PAX - Free Report) by 46.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 110,229 shares of the company's stock after selling 96,256 shares during the period. ExodusPoint Capital Management LP owned about 0.18% of Patria Investments worth $1,282,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of PAX. Barclays PLC lifted its holdings in Patria Investments by 314.0% during the 3rd quarter. Barclays PLC now owns 78,977 shares of the company's stock worth $883,000 after buying an additional 59,900 shares during the last quarter. State Street Corp raised its position in shares of Patria Investments by 21.7% during the 3rd quarter. State Street Corp now owns 1,165,331 shares of the company's stock worth $13,017,000 after acquiring an additional 208,039 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Patria Investments by 34.7% during the third quarter. JPMorgan Chase & Co. now owns 442,365 shares of the company's stock worth $4,941,000 after purchasing an additional 113,935 shares during the last quarter. Empirical Asset Management LLC purchased a new stake in Patria Investments during the fourth quarter worth approximately $391,000. Finally, Raymond James Financial Inc. acquired a new position in Patria Investments in the fourth quarter valued at approximately $808,000. Institutional investors and hedge funds own 96.27% of the company's stock.

Patria Investments Stock Up 1.2 %

PAX stock traded up $0.13 during midday trading on Tuesday, reaching $10.17. 114,190 shares of the company were exchanged, compared to its average volume of 566,901. The company has a market cap of $607.53 million, a price-to-earnings ratio of 20.32, a price-to-earnings-growth ratio of 1.28 and a beta of 0.56. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.91 and a current ratio of 0.91. Patria Investments Limited has a 1-year low of $9.43 and a 1-year high of $14.26. The stock's 50-day simple moving average is $11.37 and its 200 day simple moving average is $11.62.

Patria Investments Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Tuesday, February 25th were paid a dividend of $0.15 per share. The ex-dividend date was Tuesday, February 25th. This represents a $0.60 annualized dividend and a yield of 5.90%. Patria Investments's dividend payout ratio is currently 120.00%.

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.