Patria Investments (NYSE:PAX) Reaches New 12-Month Low - What's Next?

Shares of Patria Investments Limited (NYSE:PAX - Get Free Report) reached a new 52-week low on Thursday . The company traded as low as $9.43 and last traded at $10.45, with a volume of 1012094 shares trading hands. The stock had previously closed at $9.68.

Patria Investments Stock Up 0.9 %

The company has a debt-to-equity ratio of 0.31, a current ratio of 0.91 and a quick ratio of 0.91. The stock has a 50 day simple moving average of $11.37 and a 200-day simple moving average of $11.62. The firm has a market cap of $605.44 million, a PE ratio of 20.26, a PEG ratio of 1.28 and a beta of 0.56.

Patria Investments Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Tuesday, February 25th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 5.92%. The ex-dividend date of this dividend was Tuesday, February 25th. Patria Investments's dividend payout ratio (DPR) is 120.00%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Pertento Partners LLP lifted its position in Patria Investments by 8.9% in the 4th quarter. Pertento Partners LLP now owns 3,308,626 shares of the company's stock valued at $38,479,000 after acquiring an additional 270,075 shares in the last quarter. Nuveen Asset Management LLC boosted its position in shares of Patria Investments by 40.9% during the fourth quarter. Nuveen Asset Management LLC now owns 1,317,635 shares of the company's stock valued at $15,324,000 after buying an additional 382,178 shares during the last quarter. State Street Corp increased its holdings in Patria Investments by 21.7% in the 3rd quarter. State Street Corp now owns 1,165,331 shares of the company's stock worth $13,017,000 after buying an additional 208,039 shares in the last quarter. Millennium Management LLC raised its stake in Patria Investments by 27.2% during the 4th quarter. Millennium Management LLC now owns 915,407 shares of the company's stock valued at $10,646,000 after buying an additional 195,616 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Patria Investments by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 692,190 shares of the company's stock valued at $8,050,000 after purchasing an additional 11,743 shares during the last quarter. Institutional investors own 96.27% of the company's stock.

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.