Wellington Management Group LLP Cuts Stock Position in Patria Investments Limited (NYSE:PAX)

Wellington Management Group LLP lowered its position in shares of Patria Investments Limited (NYSE:PAX - Free Report) by 40.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 959,490 shares of the company's stock after selling 651,435 shares during the quarter. Wellington Management Group LLP owned approximately 1.61% of Patria Investments worth $11,159,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of PAX. SG Americas Securities LLC boosted its holdings in shares of Patria Investments by 36.7% in the 4th quarter. SG Americas Securities LLC now owns 25,833 shares of the company's stock valued at $300,000 after purchasing an additional 6,936 shares during the last quarter. R Squared Ltd acquired a new position in shares of Patria Investments in the 4th quarter valued at $29,000. Yorktown Management & Research Co Inc acquired a new position in shares of Patria Investments in the 4th quarter valued at $395,000. Roxbury Financial LLC acquired a new position in shares of Patria Investments in the 4th quarter valued at $55,000. Finally, TimesSquare Capital Management LLC acquired a new position in shares of Patria Investments in the 4th quarter valued at $625,000. Institutional investors and hedge funds own 96.27% of the company's stock.

Patria Investments Trading Up 1.2%

Shares of PAX traded up $0.16 during mid-day trading on Friday, reaching $13.43. The company had a trading volume of 735,867 shares, compared to its average volume of 606,885. The stock has a market cap of $814.41 million, a price-to-earnings ratio of 26.86, a price-to-earnings-growth ratio of 1.28 and a beta of 0.57. The firm has a fifty day simple moving average of $11.37 and a 200-day simple moving average of $11.65. Patria Investments Limited has a fifty-two week low of $9.43 and a fifty-two week high of $13.53. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.31.

Patria Investments Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Wednesday, May 14th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.47%. Patria Investments's dividend payout ratio (DPR) is presently 122.45%.

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.