Northern Trust Corp Raises Stock Position in Patria Investments Limited (NYSE:PAX)

Northern Trust Corp boosted its stake in shares of Patria Investments Limited (NYSE:PAX - Free Report) by 12.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 597,660 shares of the company's stock after buying an additional 67,241 shares during the period. Northern Trust Corp owned 1.00% of Patria Investments worth $6,951,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Aquatic Capital Management LLC acquired a new position in Patria Investments in the fourth quarter valued at about $436,000. Price T Rowe Associates Inc. MD lifted its position in Patria Investments by 25.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 22,319 shares of the company's stock valued at $260,000 after buying an additional 4,459 shares during the last quarter. MetLife Investment Management LLC lifted its position in Patria Investments by 12.8% in the fourth quarter. MetLife Investment Management LLC now owns 36,111 shares of the company's stock valued at $420,000 after buying an additional 4,097 shares during the last quarter. XTX Topco Ltd acquired a new position in Patria Investments in the fourth quarter valued at about $333,000. Finally, Barclays PLC lifted its position in Patria Investments by 12.0% in the fourth quarter. Barclays PLC now owns 88,468 shares of the company's stock valued at $1,029,000 after buying an additional 9,491 shares during the last quarter. Institutional investors and hedge funds own 96.27% of the company's stock.

Patria Investments Trading Up 0.2%

NYSE PAX traded up $0.03 during trading hours on Friday, reaching $12.87. The company had a trading volume of 723,717 shares, compared to its average volume of 590,200. The stock has a 50-day moving average of $11.10 and a 200 day moving average of $11.58. Patria Investments Limited has a 1-year low of $9.43 and a 1-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 stock has a market capitalization of $780.45 million, a P/E ratio of 25.74, a price-to-earnings-growth 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. Shareholders of record on Wednesday, May 14th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $0.60 dividend on an annualized basis and a yield of 4.66%. Patria Investments's dividend payout ratio (DPR) is presently 122.45%.

Patria Investments 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.