Algert Global LLC raised its stake in shares of Patria Investments Limited (NYSE:PAX - Free Report) by 128.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,022 shares of the company's stock after purchasing an additional 21,380 shares during the quarter. Algert Global LLC owned about 0.06% of Patria Investments worth $442,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Pertento Partners LLP lifted its holdings in Patria Investments by 8.9% during the fourth quarter. Pertento Partners LLP now owns 3,308,626 shares of the company's stock valued at $38,479,000 after purchasing an additional 270,075 shares in the last quarter. Castalian Partners LLC purchased a new position in shares of Patria Investments in the fourth quarter worth about $1,631,000. JPMorgan Chase & Co. lifted its stake in shares of 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 buying an additional 113,935 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in Patria Investments during the fourth quarter worth about $840,000. Finally, Raymond James Financial Inc. purchased a new position in Patria Investments during the fourth quarter worth about $808,000. Institutional investors and hedge funds own 96.27% of the company's stock.
Patria Investments Trading Up 1.3%
PAX stock traded up $0.16 during trading on Friday, reaching $12.78. 306,199 shares of the stock were exchanged, compared to its average volume of 570,241. The business has a 50 day moving average price of $10.91 and a 200-day moving average price of $11.55. The firm has a market capitalization of $763.82 million, a price-to-earnings ratio of 25.56, a P/E/G ratio of 1.28 and a beta of 0.57. Patria Investments Limited has a 1 year low of $9.43 and a 1 year high of $13.34. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.31.
Patria Investments Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Wednesday, May 14th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $0.60 annualized dividend and a dividend yield of 4.69%. Patria Investments's dividend payout ratio (DPR) is 122.45%.
About Patria Investments
(
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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