Dodge & Cox Purchases New Shares in Patria Investments Limited $PAX

Key Points

• Dodge & Cox has acquired a new position in Patria Investments Limited, purchasing 19,800 shares valued at approximately $224,000 in the first quarter.
• Other institutional investors, including GAMMA Investing LLC and CWM LLC, have also significantly increased their stakes in Patria Investments during the same period.
• Patria Investments recently announced a quarterly dividend of $0.15 per share, representing an annual yield of 4.5% with a payout ratio of 107.14%.

Dodge & Cox purchased a new stake in shares of Patria Investments Limited (NYSE:PAX - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 19,800 shares of the company's stock, valued at approximately $224,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Patria Investments by 4.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,590 shares of the company's stock valued at $367,000 after buying an additional 1,487 shares in the last quarter. AdvisorNet Financial Inc lifted its stake in shares of Patria Investments by 31.9% during the 1st quarter. AdvisorNet Financial Inc now owns 7,240 shares of the company's stock valued at $82,000 after buying an additional 1,750 shares in the last quarter. CWM LLC lifted its stake in shares of Patria Investments by 85.1% during the 1st quarter. CWM LLC now owns 5,099 shares of the company's stock valued at $58,000 after buying an additional 2,345 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Patria Investments by 888.9% during the 1st quarter. GAMMA Investing LLC now owns 3,827 shares of the company's stock valued at $43,000 after buying an additional 3,440 shares in the last quarter. Finally, Public Employees Retirement System of Ohio lifted its stake in Patria Investments by 38.5% in the 4th quarter. Public Employees Retirement System of Ohio now owns 13,300 shares of the company's stock worth $155,000 after purchasing an additional 3,700 shares in the last quarter. Hedge funds and other institutional investors own 96.27% of the company's stock.

Patria Investments Price Performance

Shares of NYSE PAX traded up $0.00 during mid-day trading on Friday, hitting $13.47. 104,612 shares of the company's stock traded hands, compared to its average volume of 558,511. The company's 50-day moving average is $13.72 and its two-hundred day moving average is $12.41. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.91 and a quick ratio of 0.91. The company has a market capitalization of $896.12 million, a P/E ratio of 26.97, a PEG 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.

Patria Investments Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 15th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend is Friday, August 15th. Patria Investments's dividend payout ratio is presently 107.14%.

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.