Rhumbline Advisers boosted its holdings in shares of Patria Investments Limited (NYSE:PAX – Free Report) by 7.1% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 82,275 shares of the company’s stock after acquiring an additional 5,479 shares during the period. Rhumbline Advisers’ holdings in Patria Investments were worth $929,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in PAX. SBI Securities Co. Ltd. purchased a new stake in shares of Patria Investments in the fourth quarter valued at about $41,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Patria Investments by 4.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 135,284 shares of the company’s stock valued at $1,573,000 after purchasing an additional 5,852 shares during the last quarter. Victory Capital Management Inc. purchased a new stake in shares of Patria Investments in the fourth quarter valued at about $200,000. Raymond James Financial Inc. purchased a new stake in shares of Patria Investments in the fourth quarter valued at about $808,000. Finally, Commonwealth Equity Services LLC raised its holdings in shares of Patria Investments by 66.9% in the fourth quarter. Commonwealth Equity Services LLC now owns 47,421 shares of the company’s stock valued at $552,000 after purchasing an additional 19,001 shares during the last quarter. Hedge funds and other institutional investors own 96.27% of the company’s stock.
Patria Investments Stock Performance
Shares of PAX stock opened at $13.87 on Friday. The firm has a 50-day moving average of $12.08 and a 200-day moving average of $11.76. The company has a market cap of $841.09 million, a P/E ratio of 27.74, a P/E/G ratio of 1.28 and a beta of 0.66. 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 $9.43 and a one year high of $14.12.
Patria Investments Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, June 12th. Investors of record on Wednesday, May 14th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $0.60 annualized dividend and a yield of 4.33%. Patria Investments’s payout ratio is currently 122.45%.
Patria Investments Profile
(Free Report)
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.
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