Fox Run Management L.L.C. Acquires New Position in Patria Investments Limited $PAX

Key Points

• Fox Run Management L.L.C. has invested $504,000 in Patria Investments Limited, acquiring 44,634 shares and holding approximately 0.07% of the company.
• Patria Investments announced a quarterly dividend of $0.15, scheduled for payment on September 15, representing an annualized dividend of $0.60 with a yield of 4.4%.
• The company had a market capitalization of $834.42 million and recently traded at $13.76, showing a 52-week range of $9.43 to $14.52.

Fox Run Management L.L.C. bought a new stake in Patria Investments Limited (NYSE:PAX - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 44,634 shares of the company's stock, valued at approximately $504,000. Fox Run Management L.L.C. owned about 0.07% of Patria Investments at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in 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 worth $367,000 after purchasing an additional 1,487 shares during the last quarter. AdvisorNet Financial Inc lifted its stake in shares of Patria Investments by 31.9% in the 1st quarter. AdvisorNet Financial Inc now owns 7,240 shares of the company's stock worth $82,000 after acquiring an additional 1,750 shares during the period. CWM LLC boosted its holdings in shares of Patria Investments by 85.1% in the first quarter. CWM LLC now owns 5,099 shares of the company's stock valued at $58,000 after acquiring an additional 2,345 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Patria Investments by 888.9% in the first quarter. GAMMA Investing LLC now owns 3,827 shares of the company's stock valued at $43,000 after acquiring an additional 3,440 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its holdings in shares of Patria Investments by 38.5% in the fourth quarter. Public Employees Retirement System of Ohio now owns 13,300 shares of the company's stock valued at $155,000 after acquiring an additional 3,700 shares in the last quarter. 96.27% of the stock is owned by hedge funds and other institutional investors.

Patria Investments Stock Performance

Shares of NYSE:PAX traded up $0.21 during midday trading on Friday, hitting $13.42. The stock had a trading volume of 623,075 shares, compared to its average volume of 560,320. The company has a market capitalization of $813.80 million, a PE ratio of 26.84, a P/E/G ratio of 1.28 and a beta of 0.69. The stock has a 50 day moving average price of $13.77 and a two-hundred day moving average price of $12.37. 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 1 year low of $9.43 and a 1 year high of $14.52.

Patria Investments Dividend Announcement

The company also recently announced 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. The ex-dividend date of this dividend is Friday, August 15th. This represents a $0.60 annualized dividend and a dividend yield of 4.5%. Patria Investments's 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.