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

Other institutional investors and hedge funds also recently bought and sold shares of the company. Invesco Ltd. increased its position in Patria Investments by 91.3% during the first quarter. Invesco Ltd. now owns 103,963 shares of the company's stock valued at $1,174,000 after acquiring an additional 49,611 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Patria Investments by 3.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 139,650 shares of the company's stock valued at $1,577,000 after purchasing an additional 4,366 shares during the last quarter. Brookwood Investment Group LLC bought a new stake in Patria Investments in the first quarter worth about $197,000. Denali Advisors LLC bought a new stake in Patria Investments in the first quarter worth about $1,019,000. Finally, Kingsview Wealth Management LLC purchased a new position in shares of Patria Investments during the first quarter valued at approximately $349,000. 96.27% of the stock is owned by hedge funds and other institutional investors.

Patria Investments Trading Up 1.1%

Shares of NYSE PAX traded up $0.14 during midday trading on Wednesday, hitting $13.42. The company's stock had a trading volume of 595,099 shares, compared to its average volume of 561,017. 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 business's 50 day moving average is $13.73 and its two-hundred day moving average is $12.40. Patria Investments Limited has a 12-month low of $9.43 and a 12-month high of $14.52. The firm has a market cap of $892.73 million, a P/E ratio of 26.84, a price-to-earnings-growth ratio of 1.28 and a beta of 0.69.

Patria Investments Announces Dividend

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