Denali Advisors LLC Takes Position in Patria Investments Limited (NYSE:PAX)

Denali Advisors LLC bought a new stake in Patria Investments Limited (NYSE:PAX - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 90,242 shares of the company's stock, valued at approximately $1,019,000. Denali Advisors LLC owned about 0.15% of Patria Investments at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. GAMMA Investing LLC grew its position in shares of Patria Investments by 888.9% in the 1st quarter. GAMMA Investing LLC now owns 3,827 shares of the company's stock worth $43,000 after buying an additional 3,440 shares during the period. CWM LLC raised its position in shares of 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 buying an additional 2,345 shares during the last quarter. BNP Paribas Financial Markets purchased a new position in shares of Patria Investments in the fourth quarter valued at $81,000. AdvisorNet Financial Inc grew its holdings in shares of Patria Investments by 31.9% in the first quarter. AdvisorNet Financial Inc now owns 7,240 shares of the company's stock valued at $82,000 after purchasing an additional 1,750 shares in the last quarter. Finally, Quadrant Capital Group LLC boosted its stake in Patria Investments by 239.5% during 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 during the period. Hedge funds and other institutional investors own 96.27% of the company's stock.

Patria Investments Stock Up 1.0%

Shares of PAX traded up $0.13 during mid-day trading on Wednesday, hitting $13.61. 66,727 shares of the company traded hands, compared to its average volume of 608,118. The business has a 50 day moving average of $13.45 and a 200 day moving average of $12.03. The company has a market capitalization of $825.38 million, a PE ratio of 27.21, a price-to-earnings-growth ratio of 1.28 and a beta of 0.69. Patria Investments Limited has a 1-year low of $9.43 and a 1-year high of $14.52. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.31.

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 paid a $0.15 dividend. The ex-dividend date was Wednesday, May 14th. This represents a $0.60 annualized dividend and a yield of 4.41%. Patria Investments's dividend payout ratio is currently 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.