Formidable Asset Management LLC Makes New Investment in Patria Investments Limited (NYSE:PAX)

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

A number of other large investors have also recently made changes to their positions in the business. Public Employees Retirement System of Ohio increased its holdings in shares of 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 buying an additional 3,700 shares during the last quarter. Tidal Investments LLC bought a new position in Patria Investments during the 4th quarter valued at about $425,000. ProShare Advisors LLC grew its holdings in Patria Investments by 51.3% during the 4th quarter. ProShare Advisors LLC now owns 15,728 shares of the company's stock valued at $183,000 after purchasing an additional 5,336 shares during the last quarter. Quantinno Capital Management LP bought a new position in Patria Investments during the 4th quarter valued at about $194,000. Finally, Nuveen Asset Management LLC grew its holdings in Patria Investments by 40.9% during the 4th quarter. Nuveen Asset Management LLC now owns 1,317,635 shares of the company's stock valued at $15,324,000 after purchasing an additional 382,178 shares during the last quarter. 96.27% of the stock is currently owned by institutional investors.

Patria Investments Trading Down 0.2%

NYSE:PAX traded down $0.02 during mid-day trading on Wednesday, hitting $13.08. 1,300,394 shares of the stock traded hands, compared to its average volume of 594,243. The stock has a market capitalization of $793.18 million, a price-to-earnings ratio of 26.16, a PEG ratio of 1.28 and a beta of 0.57. Patria Investments Limited has a 52 week low of $9.43 and a 52 week high of $13.34. The firm's 50 day moving average is $11.14 and its two-hundred day moving average is $11.60. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Wednesday, May 14th will be issued a dividend of $0.15 per share. The ex-dividend date is Wednesday, May 14th. This represents a $0.60 annualized dividend and a yield of 4.59%. 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.