Quantbot Technologies LP Takes Position in Patria Investments Limited (NYSE:PAX)

Quantbot Technologies LP purchased a new position in Patria Investments Limited (NYSE:PAX - Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 59,863 shares of the company's stock, valued at approximately $669,000. Quantbot Technologies LP owned about 0.10% of Patria Investments at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of 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. Millennium Management LLC raised its holdings in shares of Patria Investments by 42.2% during the 2nd quarter. Millennium Management LLC now owns 976,337 shares of the company's stock valued at $11,775,000 after purchasing an additional 289,830 shares in the last quarter. 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 last quarter. SG Americas Securities LLC acquired a new position in Patria Investments during the third quarter worth $211,000. Finally, Aurora Investment Counsel bought a new position in Patria Investments during the third quarter valued at about $1,401,000. 96.27% of the stock is currently owned by hedge funds and other institutional investors.

Patria Investments Stock Performance

PAX stock traded up $0.07 during mid-day trading on Tuesday, reaching $12.05. 350,725 shares of the stock traded hands, compared to its average volume of 468,362. The firm has a market capitalization of $720.23 million, a PE ratio of 10.58, a P/E/G ratio of 1.46 and a beta of 0.58. The business has a 50-day moving average of $11.67 and a two-hundred day moving average of $12.00. Patria Investments Limited has a 52 week low of $10.63 and a 52 week high of $16.16. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.31.

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

Patria Investments Dividend Announcement

The company 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 dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 4.98%. The ex-dividend date is Monday, November 18th. Patria Investments's payout ratio is presently 139.53%.

Analysts Set New Price Targets

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

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.