Russell Investments Group Ltd. increased its stake in shares of Patria Investments Limited (NYSE:PAX - Free Report) by 850.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 23,790 shares of the company's stock after purchasing an additional 21,287 shares during the period. Russell Investments Group Ltd.'s holdings in Patria Investments were worth $269,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently modified their holdings of the company. Nuveen LLC purchased a new position in Patria Investments in the 1st quarter worth approximately $13,503,000. Invesco Ltd. lifted its stake in Patria Investments by 91.3% in the 1st quarter. Invesco Ltd. now owns 103,963 shares of the company's stock worth $1,174,000 after purchasing an additional 49,611 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Patria Investments by 3.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 139,650 shares of the company's stock worth $1,577,000 after purchasing an additional 4,366 shares in the last quarter. Brookwood Investment Group LLC purchased a new position in Patria Investments in the 1st quarter worth approximately $197,000. Finally, Denali Advisors LLC purchased a new position in Patria Investments in the 1st quarter worth approximately $1,019,000. Institutional investors and hedge funds own 96.27% of the company's stock.
Patria Investments Price Performance
PAX traded up $0.20 during trading on Thursday, reaching $13.85. The company's stock had a trading volume of 388,770 shares, compared to its average volume of 563,606. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.31. The firm has a fifty day simple moving average of $13.71 and a two-hundred day simple moving average of $12.44. Patria Investments Limited has a 1 year low of $9.43 and a 1 year high of $14.52. The company has a market cap of $921.33 million, a price-to-earnings ratio of 27.70, a PEG ratio of 1.28 and a beta of 0.69.
Patria Investments Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 15th will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, August 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.3%. Patria Investments's dividend payout ratio (DPR) is currently 107.14%.
Patria Investments Profile
(
Free Report)
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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