Wealthedge Investment Advisors LLC Takes $307,000 Position in Patria Investments Limited $PAX

Key Points

• Wealthedge Investment Advisors LLC has acquired 27,155 shares of Patria Investments Limited (NYSE:PAX) worth approximately $307,000 during the first quarter.
• Patria Investments has announced a quarterly dividend of $0.15 per share, representing a 4.4% dividend yield, with the payout ratio currently at 107.14%.
• The stock is currently trading at $13.78, with a market cap of $835.63 million and a price-to-earnings (P/E) ratio of 27.56.

Wealthedge Investment Advisors LLC bought a new position in Patria Investments Limited (NYSE:PAX - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The fund bought 27,155 shares of the company's stock, valued at approximately $307,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of PAX. Nuveen LLC bought a new stake in shares of Patria Investments in the 1st quarter worth about $13,503,000. Nuveen Asset Management LLC lifted its holdings in shares of Patria Investments by 40.9% in the 4th quarter. Nuveen Asset Management LLC now owns 1,317,635 shares of the company's stock worth $15,324,000 after buying an additional 382,178 shares during the period. Millennium Management LLC raised its holdings in shares of Patria Investments by 27.2% in the 4th quarter. Millennium Management LLC now owns 915,407 shares of the company's stock valued at $10,646,000 after purchasing an additional 195,616 shares in the last quarter. Castalian Partners LLC purchased a new stake in Patria Investments during the fourth quarter worth $1,631,000. Finally, Denali Advisors LLC purchased a new position in Patria Investments in the first quarter valued at about $1,019,000. Hedge funds and other institutional investors own 96.27% of the company's stock.

Patria Investments Stock Down 0.4%

PAX traded down $0.0530 during trading on Wednesday, hitting $13.0570. The stock had a trading volume of 110,688 shares, compared to its average volume of 558,216. The stock has a 50 day simple moving average of $13.80 and a two-hundred day simple moving average of $12.34. 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 Limited has a twelve month low of $9.43 and a twelve month high of $14.52. The company has a market capitalization of $791.79 million, a PE ratio of 26.11, a PEG ratio of 1.28 and a beta of 0.69.

Patria Investments Announces Dividend

The business also recently disclosed 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 of this dividend is Friday, August 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.6%. Patria Investments's payout ratio is 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.