Millennium Management LLC Acquires 195,616 Shares of Patria Investments Limited (NYSE:PAX)

Millennium Management LLC boosted its stake in Patria Investments Limited (NYSE:PAX - Free Report) by 27.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 915,407 shares of the company's stock after acquiring an additional 195,616 shares during the period. Millennium Management LLC owned 1.53% of Patria Investments worth $10,646,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in PAX. R Squared Ltd bought a new stake in Patria Investments in the fourth quarter worth about $29,000. SBI Securities Co. Ltd. bought a new stake in Patria Investments in the fourth quarter worth about $41,000. Roxbury Financial LLC bought a new stake in Patria Investments in the fourth quarter worth about $55,000. BNP Paribas Financial Markets bought a new stake in Patria Investments in the fourth quarter worth about $81,000. Finally, Quadrant Capital Group LLC raised its position in shares of Patria Investments by 239.5% in the fourth quarter. Quadrant Capital Group LLC now owns 9,692 shares of the company's stock valued at $113,000 after purchasing an additional 6,837 shares during the period. Institutional investors own 96.27% of the company's stock.

Patria Investments Stock Performance

Shares of NYSE PAX traded down $0.06 during midday trading on Thursday, hitting $13.03. The company's stock had a trading volume of 97,735 shares, compared to its average volume of 580,767. The stock has a fifty day moving average price of $11.17 and a 200 day moving average price of $11.61. Patria Investments Limited has a one year low of $9.43 and a one year high of $13.34. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $789.85 million, a price-to-earnings ratio of 26.04, a P/E/G ratio of 1.28 and a beta of 0.57.

Patria Investments Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Wednesday, May 14th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 4.61%. The ex-dividend date of this dividend is Wednesday, May 14th. Patria Investments's dividend payout ratio (DPR) is currently 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.