Nuveen LLC Takes Position in Patria Investments Limited $PAX

Key Points

• Nuveen LLC acquired a new stake in Patria Investments Limited, purchasing 1,196,037 shares worth approximately $13.5 million, resulting in a 2.00% ownership interest.
• Patria Investments announced a quarterly dividend of $0.15 per share, representing a 4.5% yield, with the ex-dividend date set for August 15th.
• The stock has shown strong institutional interest, with 96.27% of shares owned by institutional investors, and notable increases in holdings from GAMMA Investing and CWM LLC during the 1st quarter.

Nuveen LLC acquired a new stake in shares of Patria Investments Limited (NYSE:PAX - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 1,196,037 shares of the company's stock, valued at approximately $13,503,000. Nuveen LLC owned 2.00% of Patria Investments at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC raised its position in shares of Patria Investments by 888.9% during the 1st quarter. GAMMA Investing LLC now owns 3,827 shares of the company's stock valued at $43,000 after purchasing an additional 3,440 shares during the period. CWM LLC raised its position in shares of Patria Investments by 85.1% during the 1st quarter. CWM LLC now owns 5,099 shares of the company's stock valued at $58,000 after purchasing an additional 2,345 shares during the period. BNP Paribas Financial Markets bought a new stake in shares of Patria Investments during the 4th quarter valued at $81,000. AdvisorNet Financial Inc grew its stake in Patria Investments by 31.9% during the first quarter. AdvisorNet Financial Inc now owns 7,240 shares of the company's stock valued at $82,000 after acquiring an additional 1,750 shares in the last quarter. Finally, Public Employees Retirement System of Ohio grew its stake in Patria Investments by 38.5% during 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 currently owned by institutional investors.

Patria Investments Stock Performance

PAX opened at $13.21 on Friday. The stock has a market capitalization of $801.07 million, a price-to-earnings ratio of 26.42, a PEG ratio of 1.28 and a beta of 0.69. The company has a fifty day moving average of $13.77 and a 200 day moving average of $12.35. Patria Investments Limited has a fifty-two week low of $9.43 and a fifty-two week high of $14.52. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.91 and a current ratio of 0.91.

Patria Investments Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 15th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Friday, August 15th. Patria Investments's dividend payout ratio (DPR) is presently 107.14%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.