Formidable Asset Management LLC Takes $425,000 Position in Patria Investments Limited (NYSE:PAX)

Formidable Asset Management LLC acquired a new position in shares of Patria Investments Limited (NYSE:PAX - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 36,534 shares of the company's stock, valued at approximately $425,000. Formidable Asset Management LLC owned about 0.06% of Patria Investments at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in PAX. Pertento Partners LLP raised its holdings in Patria Investments by 8.9% during the 4th 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. Nuveen Asset Management LLC raised its stake in Patria Investments by 40.9% during the fourth quarter. Nuveen Asset Management LLC now owns 1,317,635 shares of the company's stock worth $15,324,000 after buying an additional 382,178 shares during the last quarter. Millennium Management LLC lifted its holdings in Patria Investments by 27.2% in the fourth quarter. Millennium Management LLC now owns 915,407 shares of the company's stock valued at $10,646,000 after buying an additional 195,616 shares during the period. Geode Capital Management LLC lifted its holdings in Patria Investments by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 692,190 shares of the company's stock valued at $8,050,000 after buying an additional 11,743 shares during the period. Finally, Northern Trust Corp boosted its position in Patria Investments by 12.7% during the fourth quarter. Northern Trust Corp now owns 597,660 shares of the company's stock valued at $6,951,000 after acquiring an additional 67,241 shares during the last quarter. 96.27% of the stock is currently owned by institutional investors.

Patria Investments Trading Down 1.0%

Shares of NYSE:PAX traded down $0.13 during midday trading on Friday, reaching $12.83. The company's stock had a trading volume of 119,733 shares, compared to its average volume of 593,015. Patria Investments Limited has a fifty-two week low of $9.43 and a fifty-two week high of $13.34. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a 50 day moving average price of $11.19 and a two-hundred day moving average price of $11.61. The firm has a market capitalization of $778.21 million, a price-to-earnings ratio of 25.66, a PEG ratio of 1.28 and a beta of 0.57.

Patria Investments Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Wednesday, May 14th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 4.68%. The ex-dividend date of this dividend is Wednesday, May 14th. 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.