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Patria Investments (NYSE:PAX) Reaches New 52-Week Low - Here's What Happened

Patria Investments logo with Finance background

Patria Investments Limited (NYSE:PAX - Get Free Report) shares reached a new 52-week low on Friday . The company traded as low as $10.37 and last traded at $10.50, with a volume of 18030 shares traded. The stock had previously closed at $10.84.

Patria Investments Stock Performance

The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.91 and a current ratio of 0.91. The firm's 50 day moving average is $11.54 and its 200-day moving average is $11.67. The company has a market cap of $609.15 million, a PE ratio of 20.59, a PEG ratio of 1.28 and a beta of 0.56.

Patria Investments Dividend Announcement

The business also recently disclosed 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. This represents a $0.60 dividend on an annualized basis and a yield of 5.89%. The ex-dividend date of this dividend was Tuesday, February 25th. Patria Investments's dividend payout ratio (DPR) is currently 120.00%.

Institutional Trading of Patria Investments

Several large investors have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Patria Investments by 4.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,590 shares of the company's stock valued at $367,000 after acquiring an additional 1,487 shares during the last quarter. AdvisorNet Financial Inc boosted its holdings in Patria Investments by 31.9% in the 1st quarter. AdvisorNet Financial Inc now owns 7,240 shares of the company's stock valued at $82,000 after purchasing an additional 1,750 shares during the last quarter. R Squared Ltd purchased a new stake in shares of Patria Investments in the 4th quarter valued at approximately $29,000. GAMMA Investing LLC increased its holdings in shares of Patria Investments by 888.9% during the 1st quarter. GAMMA Investing LLC now owns 3,827 shares of the company's stock worth $43,000 after buying an additional 3,440 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Patria Investments during the 4th quarter valued at approximately $41,000. 96.27% of the stock is currently owned by hedge funds and other institutional investors.

About Patria Investments

(Get Free Report)

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.

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