Denali Advisors LLC Buys Shares of 90,242 Patria Investments Limited (NYSE:PAX)

Denali Advisors LLC bought a new stake in Patria Investments Limited (NYSE:PAX - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 90,242 shares of the company's stock, valued at approximately $1,019,000. Denali Advisors LLC owned 0.15% of Patria Investments as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of PAX. GAMMA Investing LLC lifted its holdings in Patria Investments by 888.9% in 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 increased its position in Patria Investments by 85.1% in the first quarter. CWM LLC now owns 5,099 shares of the company's stock worth $58,000 after buying an additional 2,345 shares in the last quarter. BNP Paribas Financial Markets purchased a new stake in Patria Investments in the fourth quarter worth about $81,000. AdvisorNet Financial Inc increased its position in Patria Investments by 31.9% in the first quarter. AdvisorNet Financial Inc now owns 7,240 shares of the company's stock worth $82,000 after buying an additional 1,750 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its position in Patria Investments by 239.5% in the fourth quarter. Quadrant Capital Group LLC now owns 9,692 shares of the company's stock worth $113,000 after buying an additional 6,837 shares in the last quarter. Institutional investors own 96.27% of the company's stock.

Patria Investments Stock Performance

Shares of PAX opened at $13.87 on Friday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.31. The business has a 50-day simple moving average of $13.45 and a two-hundred day simple moving average of $12.02. The stock has a market cap of $841.09 million, a price-to-earnings ratio of 27.74, a PEG ratio of 1.28 and a beta of 0.69. Patria Investments Limited has a 52 week low of $9.43 and a 52 week high of $14.52.

Patria Investments Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 12th. Shareholders of record on Wednesday, May 14th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 4.33%. The ex-dividend date of this dividend was Wednesday, May 14th. Patria Investments's payout ratio is 122.45%.

About Patria Investments

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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