Wellington Management Group LLP Cuts Stock Position in Patria Investments Limited (NYSE:PAX)

Wellington Management Group LLP lowered its stake in shares of Patria Investments Limited (NYSE:PAX - Free Report) by 40.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 959,490 shares of the company's stock after selling 651,435 shares during the period. Wellington Management Group LLP owned 1.61% of Patria Investments worth $11,159,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. R Squared Ltd bought a new position in Patria Investments in the 4th quarter valued at $29,000. SBI Securities Co. Ltd. bought a new stake in Patria Investments during the fourth quarter valued at $41,000. Roxbury Financial LLC purchased a new position in Patria Investments during the fourth quarter worth about $55,000. Geode Capital Management LLC increased its stake in Patria Investments by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 680,447 shares of the company's stock worth $7,601,000 after acquiring an additional 5,187 shares during the last quarter. Finally, Janus Henderson Group PLC raised its holdings in shares of Patria Investments by 7.0% in the 3rd quarter. Janus Henderson Group PLC now owns 85,278 shares of the company's stock valued at $953,000 after acquiring an additional 5,599 shares in the last quarter. 96.27% of the stock is owned by institutional investors.

Patria Investments Price Performance

Shares of NYSE PAX traded up $0.11 during midday trading on Tuesday, hitting $10.15. 101,266 shares of the company's stock were exchanged, compared to its average volume of 566,853. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.31. The business's fifty day moving average price is $11.37 and its two-hundred day moving average price is $11.62. The company has a market cap of $606.34 million, a price-to-earnings ratio of 20.29, a PEG ratio of 1.28 and a beta of 0.56. Patria Investments Limited has a 12-month low of $9.43 and a 12-month high of $14.26.

Patria Investments Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Tuesday, February 25th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.91%. The ex-dividend date was Tuesday, February 25th. Patria Investments's payout ratio is 120.00%.

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.