Dodge & Cox Takes Position 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 bought a new stake in shares of Patria Investments Limited (NYSE:PAX - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The firm bought 19,800 shares of the company's stock, valued at approximately $224,000.

Other hedge funds have also modified their holdings of the company. GAMMA Investing LLC raised its holdings 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 during the period. CWM LLC raised its holdings 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 during the period. BNP Paribas Financial Markets purchased a new stake in shares of Patria Investments during the 4th quarter valued at about $81,000. AdvisorNet Financial Inc increased its holdings in Patria Investments by 31.9% during the 1st quarter. AdvisorNet Financial Inc now owns 7,240 shares of the company's stock worth $82,000 after purchasing an additional 1,750 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. purchased a new stake in Patria Investments during the 1st quarter worth approximately $140,000. 96.27% of the stock is currently owned by hedge funds and other institutional investors.

Patria Investments Stock Up 0.4%

PAX stock traded up $0.05 during midday trading on Thursday, hitting $13.47. 615,534 shares of the company's stock were exchanged, compared to its average volume of 561,347. 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 12-month low of $9.43 and a 12-month high of $14.52. The firm has a 50 day moving average price of $13.73 and a 200-day moving average price of $12.40. The stock has a market capitalization of $896.05 million, a price-to-earnings ratio of 26.94, a price-to-earnings-growth ratio of 1.28 and a beta of 0.69.

Patria Investments Announces Dividend

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

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.