Patria Investments Limited (NYSE:PAX) Shares Sold by Grandeur Peak Global Advisors LLC

Grandeur Peak Global Advisors LLC cut its stake in shares of Patria Investments Limited (NYSE:PAX - Free Report) by 33.6% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 2,279,936 shares of the company's stock after selling 1,155,237 shares during the period. Patria Investments makes up approximately 2.4% of Grandeur Peak Global Advisors LLC's holdings, making the stock its 13th largest holding. Grandeur Peak Global Advisors LLC owned about 3.81% of Patria Investments worth $26,516,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Janus Henderson Group PLC increased its holdings in Patria Investments by 7.0% during the 3rd quarter. Janus Henderson Group PLC now owns 85,278 shares of the company's stock worth $953,000 after purchasing an additional 5,599 shares during the last quarter. State Street Corp boosted its stake in Patria Investments by 21.7% during the 3rd quarter. State Street Corp now owns 1,165,331 shares of the company's stock valued at $13,017,000 after acquiring an additional 208,039 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in Patria Investments during the 3rd quarter worth $107,000. Barclays PLC increased its position in shares of Patria Investments by 314.0% in the 3rd quarter. Barclays PLC now owns 78,977 shares of the company's stock worth $883,000 after purchasing an additional 59,900 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Patria Investments by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 680,447 shares of the company's stock valued at $7,601,000 after purchasing an additional 5,187 shares in the last quarter. 96.27% of the stock is currently owned by hedge funds and other institutional investors.

Patria Investments Stock Performance

Shares of PAX traded up $0.11 during mid-day trading on Thursday, hitting $9.99. The stock had a trading volume of 224,719 shares, compared to its average volume of 567,730. Patria Investments Limited has a fifty-two week low of $9.43 and a fifty-two week high of $14.26. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.31. The company has a market cap of $597.13 million, a PE ratio of 19.98, a PEG ratio of 1.28 and a beta of 0.56. The company's fifty day simple moving average is $11.30 and its two-hundred day simple moving average is $11.60.

Patria Investments Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders 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 6.01%. Patria Investments's payout ratio is 120.00%.

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.