Bank of America Corp DE Buys 25,626 Shares of Patria Investments Limited (NYSE:PAX)

Bank of America Corp DE increased its holdings in shares of Patria Investments Limited (NYSE:PAX - Free Report) by 31.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 107,130 shares of the company's stock after purchasing an additional 25,626 shares during the quarter. Bank of America Corp DE owned 0.18% of Patria Investments worth $1,246,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the stock. Pertento Partners LLP boosted its position in Patria Investments by 8.9% in the fourth quarter. Pertento Partners LLP now owns 3,308,626 shares of the company's stock worth $38,479,000 after purchasing an additional 270,075 shares during the last quarter. Castalian Partners LLC purchased a new stake in Patria Investments in the 4th quarter worth $1,631,000. Arrowstreet Capital Limited Partnership bought a new stake in Patria Investments during the fourth quarter valued at about $840,000. Raymond James Financial Inc. purchased a new position in shares of Patria Investments in the fourth quarter valued at about $808,000. Finally, TT Capital Management LLC bought a new position in shares of Patria Investments in the fourth quarter worth about $766,000. Hedge funds and other institutional investors own 96.27% of the company's stock.

Patria Investments Price Performance

PAX traded up $0.16 on Friday, hitting $13.43. 735,867 shares of the company's stock traded hands, compared to its average volume of 607,765. The firm has a market cap of $814.41 million, a price-to-earnings ratio of 26.86, a P/E/G ratio of 1.28 and a beta of 0.67. 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 Limited has a one year low of $9.43 and a one year high of $13.53. The company's 50 day simple moving average is $11.37 and its 200-day simple moving average is $11.65.

Patria Investments Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders 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 annualized dividend and a dividend yield of 4.47%. Patria Investments's dividend payout ratio (DPR) is 122.45%.

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.