TimesSquare Capital Management LLC Makes New Investment in Patria Investments Limited (NYSE:PAX)

TimesSquare Capital Management LLC purchased a new position in shares of Patria Investments Limited (NYSE:PAX - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 53,700 shares of the company's stock, valued at approximately $625,000. TimesSquare Capital Management LLC owned approximately 0.09% of Patria Investments at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC increased its holdings in shares of Patria Investments by 8.8% during the 3rd quarter. FMR LLC now owns 5,976,699 shares of the company's stock valued at $66,760,000 after acquiring an additional 483,675 shares during the last quarter. State Street Corp raised its stake in shares of Patria Investments by 21.7% in 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 in the last quarter. 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 acquiring an additional 5,187 shares in the last quarter. Phase 2 Partners LLC raised its stake in shares of Patria Investments by 57.7% in the 3rd quarter. Phase 2 Partners LLC now owns 541,602 shares of the company's stock valued at $6,050,000 after acquiring an additional 198,225 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Patria Investments by 34.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 442,365 shares of the company's stock valued at $4,941,000 after acquiring an additional 113,935 shares in the last quarter. 96.27% of the stock is owned by hedge funds and other institutional investors.

Patria Investments Stock Performance

Shares of PAX stock traded down $0.31 during trading on Friday, reaching $11.97. The company had a trading volume of 979,502 shares, compared to its average volume of 497,858. The firm's 50 day simple moving average is $11.81 and its two-hundred day simple moving average is $11.71. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.91 and a quick ratio of 0.91. Patria Investments Limited has a one year low of $10.63 and a one year high of $15.46. The company has a market capitalization of $715.45 million, a PE ratio of 23.94, a PEG ratio of 1.28 and a beta of 0.58.

Patria Investments Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Tuesday, February 25th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.01%. The ex-dividend date is Tuesday, February 25th. Patria Investments's payout ratio is 120.00%.

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.