Abel Hall LLC Purchases Shares of 39,041 Patria Investments Limited $PAX

Key Points

• Abel Hall LLC acquired 39,041 shares of Patria Investments Limited for approximately $549,000, holding 0.06% of the company as per its latest SEC filing.
• Patria Investments announced a quarterly dividend of $0.15 per share, resulting in an annualized dividend of $0.60 and a dividend yield of 4.3%.
• Zacks Research upgraded Patria Investments from a "strong sell" to a "hold" rating, with the stock currently holding a consensus rating of "Moderate Buy" and an average price target of $14.00.

Abel Hall LLC purchased a new stake in shares of Patria Investments Limited (NYSE:PAX - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 39,041 shares of the company's stock, valued at approximately $549,000. Abel Hall LLC owned 0.06% of Patria Investments as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of PAX. GAMMA Investing LLC raised its holdings in Patria Investments by 888.9% during the first quarter. GAMMA Investing LLC now owns 3,827 shares of the company's stock valued at $43,000 after acquiring an additional 3,440 shares during the period. CWM LLC raised its holdings in Patria Investments by 85.1% during the first quarter. CWM LLC now owns 5,099 shares of the company's stock valued at $58,000 after acquiring an additional 2,345 shares during the period. AdvisorNet Financial Inc raised its holdings in Patria Investments by 23.3% during the second quarter. AdvisorNet Financial Inc now owns 8,925 shares of the company's stock valued at $125,000 after acquiring an additional 1,685 shares during the period. Tokio Marine Asset Management Co. Ltd. bought a new stake in Patria Investments during the first quarter valued at about $140,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Patria Investments during the first quarter valued at about $153,000. 96.27% of the stock is owned by institutional investors.

Patria Investments Trading Down 1.6%

Shares of PAX stock opened at $14.02 on Wednesday. Patria Investments Limited has a 12-month low of $9.43 and a 12-month high of $15.54. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.31. The stock's 50-day moving average price is $14.04 and its 200-day moving average price is $12.94. The stock has a market capitalization of $932.64 million, a price-to-earnings ratio of 28.04, a price-to-earnings-growth ratio of 1.28 and a beta of 0.70.

Patria Investments Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 15th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend was Friday, August 15th. Patria Investments's payout ratio is 107.14%.

Analysts Set New Price Targets

Separately, Zacks Research raised Patria Investments from a "strong sell" rating to a "hold" rating in a report on Wednesday, September 3rd. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $14.00.

Patria Investments Company 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.

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.