Yorktown Management & Research Co Inc Makes New Investment in Patria Investments Limited (NYSE:PAX)

Yorktown Management & Research Co Inc purchased a new position in Patria Investments Limited (NYSE:PAX - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 34,000 shares of the company's stock, valued at approximately $395,000. Yorktown Management & Research Co Inc owned about 0.06% of Patria Investments as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Squarepoint Ops LLC acquired a new stake in shares of Patria Investments in the second quarter valued at about $428,000. Millennium Management LLC increased its holdings in shares of Patria Investments by 42.2% during the second quarter. Millennium Management LLC now owns 976,337 shares of the company's stock worth $11,775,000 after buying an additional 289,830 shares in the last quarter. Algert Global LLC acquired a new stake in Patria Investments in the second quarter valued at $139,000. SG Americas Securities LLC acquired a new stake in Patria Investments in the third quarter valued at $211,000. Finally, Mendota Financial Group LLC acquired a new stake in Patria Investments during the 3rd quarter worth about $56,000. 96.27% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Patria Investments Price Performance

Shares of NYSE PAX traded up $0.03 during mid-day trading on Wednesday, reaching $11.73. 455,389 shares of the company were exchanged, compared to its average volume of 480,960. 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. The stock has a market capitalization of $701.10 million, a PE ratio of 27.28, a PEG ratio of 1.24 and a beta of 0.58. The company's 50 day moving average price is $11.83 and its 200 day moving average price is $11.72.

Patria Investments (NYSE:PAX - Get Free Report) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.24 by ($0.01). Patria Investments had a net margin of 19.68% and a return on equity of 34.00%. The firm had revenue of $78.10 million during the quarter, compared to analysts' expectations of $76.55 million. During the same quarter in the previous year, the firm posted $0.23 EPS. Sell-side analysts forecast that Patria Investments Limited will post 1.02 earnings per share for the current fiscal year.

Patria Investments 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.