Tidal Investments LLC Takes $425,000 Position in Patria Investments Limited (NYSE:PAX)

Tidal Investments LLC bought a new position in shares of Patria Investments Limited (NYSE:PAX - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 36,534 shares of the company's stock, valued at approximately $425,000. Tidal Investments LLC owned about 0.06% of Patria Investments at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Pertento Partners LLP grew its holdings in Patria Investments by 8.9% during the 4th quarter. Pertento Partners LLP now owns 3,308,626 shares of the company's stock worth $38,479,000 after acquiring an additional 270,075 shares during the last quarter. Nuveen Asset Management LLC grew its holdings in Patria Investments by 40.9% during the 4th quarter. Nuveen Asset Management LLC now owns 1,317,635 shares of the company's stock worth $15,324,000 after acquiring an additional 382,178 shares during the last quarter. Millennium Management LLC grew its holdings in Patria Investments by 27.2% during the 4th quarter. Millennium Management LLC now owns 915,407 shares of the company's stock worth $10,646,000 after acquiring an additional 195,616 shares during the last quarter. Geode Capital Management LLC grew its holdings in Patria Investments by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 692,190 shares of the company's stock worth $8,050,000 after acquiring an additional 11,743 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in Patria Investments by 12.7% during the 4th quarter. Northern Trust Corp now owns 597,660 shares of the company's stock worth $6,951,000 after acquiring an additional 67,241 shares during the last quarter. 96.27% of the stock is owned by institutional investors.

Patria Investments Trading Down 0.3%

PAX traded down $0.04 during trading on Tuesday, reaching $12.73. 925,927 shares of the company's stock were exchanged, compared to its average volume of 600,059. 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 stock has a market capitalization of $771.96 million, a PE ratio of 25.46, a price-to-earnings-growth ratio of 1.28 and a beta of 0.57. The firm has a fifty day moving average price of $11.26 and a two-hundred day moving average price of $11.62.

Patria Investments Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Wednesday, May 14th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.71%. The ex-dividend date is Wednesday, May 14th. Patria Investments's dividend payout ratio is currently 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.