Inspire Investing LLC Acquires Shares of 61,494 Patria Investments Limited $PAX

Key Points

• Inspire Investing LLC has acquired 61,494 shares of Patria Investments Limited, valued at approximately $865,000, representing a 0.10% ownership stake in the company.
• Patria Investments announced a quarterly dividend of $0.15, yielding 4.3%, with a payout ratio of 107.14%.
• Analyst ratings show a shift in sentiment, with Zacks Research upgrading Patria Investments from a "strong sell" to a "hold" rating, indicating a consensus rating of "Moderate Buy" with a target price of $14.00.

Inspire Investing LLC acquired a new stake in Patria Investments Limited (NYSE:PAX - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 61,494 shares of the company's stock, valued at approximately $865,000. Inspire Investing LLC owned 0.10% of Patria Investments as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its stake in 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 during the period. CWM LLC grew its stake in 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 during the period. AdvisorNet Financial Inc boosted its position in shares of Patria Investments by 23.3% during the second quarter. AdvisorNet Financial Inc now owns 8,925 shares of the company's stock valued at $125,000 after buying an additional 1,685 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. purchased a new position in shares of Patria Investments during the first quarter valued at approximately $140,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Patria Investments during the first quarter valued at approximately $153,000. Institutional investors and hedge funds own 96.27% of the company's stock.

Patria Investments Stock Down 1.6%

Shares of NYSE:PAX opened at $13.80 on Monday. The stock has a market cap of $918.00 million, a price-to-earnings ratio of 27.60, a PEG ratio of 1.28 and a beta of 0.70. 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 Limited has a 12-month low of $9.43 and a 12-month high of $15.54. The business's 50 day moving average is $14.05 and its 200 day moving average is $12.99.

Patria Investments Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 15th were given a $0.15 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.60 annualized dividend and a yield of 4.3%. Patria Investments's payout ratio is currently 107.14%.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Patria Investments from a "strong sell" rating to a "hold" rating in a research report on Wednesday, September 3rd. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $14.00.

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.

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