Patria Investments Limited (NYSE:PAX) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP trimmed its stake in shares of Patria Investments Limited (NYSE:PAX - Free Report) by 40.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 959,490 shares of the company's stock after selling 651,435 shares during the quarter. Wellington Management Group LLP owned about 1.61% of Patria Investments worth $11,159,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Nuveen Asset Management LLC grew its stake 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 buying an additional 382,178 shares during the last quarter. Pertento Partners LLP boosted its holdings in shares of Patria Investments by 8.9% during the fourth quarter. Pertento Partners LLP now owns 3,308,626 shares of the company's stock valued at $38,479,000 after acquiring an additional 270,075 shares during the period. Millennium Management LLC boosted its holdings in shares of Patria Investments by 27.2% during the fourth quarter. Millennium Management LLC now owns 915,407 shares of the company's stock valued at $10,646,000 after acquiring an additional 195,616 shares during the period. Castalian Partners LLC bought a new position in shares of Patria Investments during the fourth quarter worth about $1,631,000. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of Patria Investments in the 4th quarter worth about $840,000. Institutional investors own 96.27% of the company's stock.

Patria Investments Stock Performance

NYSE:PAX traded up $0.16 during mid-day trading on Wednesday, hitting $12.89. The stock had a trading volume of 971,244 shares, compared to its average volume of 601,538. 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 company has a 50 day simple moving average of $11.26 and a 200-day simple moving average of $11.62. The stock has a market capitalization of $781.66 million, a price-to-earnings ratio of 25.78, a P/E/G ratio of 1.28 and a beta of 0.57. Patria Investments Limited has a 52 week low of $9.43 and a 52 week high of $13.34.

Patria Investments Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Wednesday, May 14th will be issued a dividend of $0.15 per share. The ex-dividend date is Wednesday, May 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.65%. Patria Investments's dividend payout ratio (DPR) is presently 122.45%.

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.