Patria Investments (NYSE:PAX) Sees Unusually-High Trading Volume - What's Next?

Patria Investments Limited (NYSE:PAX - Get Free Report) shares saw strong trading volume on Friday . 1,122,793 shares were traded during trading, an increase of 141% from the previous session's volume of 465,441 shares.The stock last traded at $11.96 and had previously closed at $12.15.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group lowered their price objective on shares of Patria Investments from $16.00 to $14.00 and set a "buy" rating for the company in a research note on Tuesday, October 22nd.

Patria Investments Trading Down 1.6 %

The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.31. The stock has a 50-day simple moving average of $11.67 and a 200 day simple moving average of $12.01. The company has a market cap of $714.85 million, a price-to-earnings ratio of 27.81, a PEG ratio of 1.49 and a beta of 0.57.

Patria Investments (NYSE:PAX - Get Free Report) last released its earnings results on Tuesday, November 5th. The company reported $0.23 EPS for the quarter, missing analysts' consensus estimates of $0.24 by ($0.01). Patria Investments had a return on equity of 34.00% and a net margin of 19.68%. The firm had revenue of $78.10 million for the quarter, compared to analyst estimates of $76.55 million. During the same period last year, the firm earned $0.23 EPS. As a group, equities research analysts predict that Patria Investments Limited will post 1.05 EPS for the current fiscal year.

Patria Investments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 9th. Stockholders of record on Monday, November 18th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 5.02%. The ex-dividend date of this dividend is Monday, November 18th. Patria Investments's dividend payout ratio (DPR) is currently 139.53%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PAX. Vanguard Group Inc. raised its position in Patria Investments by 16.2% during the first quarter. Vanguard Group Inc. now owns 419,823 shares of the company's stock valued at $6,230,000 after acquiring an additional 58,443 shares in the last quarter. Quadrature Capital Ltd purchased a new position in shares of Patria Investments during the 1st quarter valued at approximately $200,000. Price T Rowe Associates Inc. MD lifted its stake in shares of Patria Investments by 1.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 128,799 shares of the company's stock valued at $1,912,000 after purchasing an additional 2,405 shares during the period. Coronation Fund Managers Ltd. boosted its holdings in Patria Investments by 1.3% during the second quarter. Coronation Fund Managers Ltd. now owns 93,916 shares of the company's stock worth $1,133,000 after buying an additional 1,228 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in Patria Investments by 13.3% during the second quarter. Bank of New York Mellon Corp now owns 181,777 shares of the company's stock valued at $2,192,000 after buying an additional 21,282 shares during the period. 96.27% of the stock is currently owned by institutional investors and hedge funds.

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.