Algert Global LLC Purchases 21,380 Shares of Patria Investments Limited (NYSE:PAX)

Algert Global LLC raised its position in Patria Investments Limited (NYSE:PAX - Free Report) by 128.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,022 shares of the company's stock after purchasing an additional 21,380 shares during the quarter. Algert Global LLC owned 0.06% of Patria Investments worth $442,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Pertento Partners LLP raised its position in shares of Patria Investments by 8.9% during the fourth quarter. Pertento Partners LLP now owns 3,308,626 shares of the company's stock worth $38,479,000 after acquiring an additional 270,075 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Patria Investments by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 692,190 shares of the company's stock worth $8,050,000 after acquiring an additional 11,743 shares during the last quarter. Northern Trust Corp increased its holdings in Patria Investments by 12.7% in the fourth quarter. Northern Trust Corp now owns 597,660 shares of the company's stock worth $6,951,000 after purchasing an additional 67,241 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Patria Investments by 34.7% in the third quarter. JPMorgan Chase & Co. now owns 442,365 shares of the company's stock worth $4,941,000 after purchasing an additional 113,935 shares in the last quarter. Finally, Castalian Partners LLC bought a new stake in Patria Investments in the fourth quarter worth approximately $1,631,000. 96.27% of the stock is currently owned by institutional investors.

Patria Investments Trading Up 2.4%

Shares of PAX stock opened at $11.74 on Monday. The company has a market cap of $701.66 million, a P/E ratio of 23.48, a PEG ratio of 1.28 and a beta of 0.57. The stock has a 50 day simple moving average of $10.81 and a two-hundred day simple moving average of $11.52. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.91 and a current ratio of 0.91. Patria Investments Limited has a fifty-two week low of $9.43 and a fifty-two week high of $13.42.

Patria Investments Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Wednesday, May 14th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $0.60 dividend on an annualized basis and a yield of 5.11%. Patria Investments's payout ratio is currently 122.45%.

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.

Want to see what other hedge funds are holding PAX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Patria Investments Limited (NYSE:PAX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.