Castalian Partners LLC purchased a new stake in Patria Investments Limited (NYSE:PAX - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 140,249 shares of the company's stock, valued at approximately $1,631,000. Patria Investments comprises 0.8% of Castalian Partners LLC's holdings, making the stock its 19th largest holding. Castalian Partners LLC owned 0.23% of Patria Investments at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of the business. Pertento Partners LLP raised 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 worth $38,479,000 after acquiring an additional 270,075 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Patria Investments by 34.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 442,365 shares of the company's stock valued at $4,941,000 after buying an additional 113,935 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Patria Investments in the 4th quarter valued at approximately $840,000. Raymond James Financial Inc. bought a new position in shares of Patria Investments in the fourth quarter valued at $808,000. Finally, TT Capital Management LLC acquired a new position in Patria Investments during the fourth quarter worth $766,000. 96.27% of the stock is currently owned by institutional investors and hedge funds.
Patria Investments Stock Performance
PAX stock traded up $0.23 during trading hours on Monday, reaching $10.78. The stock had a trading volume of 263,720 shares, compared to its average volume of 571,156. The stock has a market capitalization of $644.35 million, a PE ratio of 21.56, a price-to-earnings-growth ratio of 1.28 and a beta of 0.57. The stock has a 50-day simple moving average of $10.82 and a 200 day simple moving average of $11.53. Patria Investments Limited has a fifty-two week low of $9.43 and a fifty-two week high of $13.42. 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 Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Tuesday, February 25th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 5.57%. The ex-dividend date of this dividend was Tuesday, February 25th. Patria Investments's dividend payout ratio (DPR) is presently 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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