Patria Investments Limited (NYSE:PAX - Get Free Report) hit a new 52-week low during trading on Thursday . The stock traded as low as $12.48 and last traded at $12.53, with a volume of 161241 shares. The stock had previously closed at $13.39.
Patria Investments Stock Performance
The business has a fifty day moving average of $14.38 and a two-hundred day moving average of $14.39. The firm has a market capitalization of $702.99 million, a price-to-earnings ratio of 15.74, a price-to-earnings-growth ratio of 0.69 and a beta of 0.64.
Patria Investments (NYSE:PAX - Get Free Report) last released its quarterly earnings data on Thursday, February 15th. The company reported $0.47 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.13. The firm had revenue of $111.70 million during the quarter, compared to analysts' expectations of $83.41 million. Patria Investments had a net margin of 36.81% and a return on equity of 38.20%. During the same period in the previous year, the business posted $0.36 earnings per share. As a group, sell-side analysts predict that Patria Investments Limited will post 1.63 EPS for the current fiscal year.
Patria Investments Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Thursday, February 22nd were given a dividend of $0.399 per share. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $1.60 annualized dividend and a yield of 12.56%. Patria Investments's dividend payout ratio (DPR) is presently 197.53%.
Hedge Funds Weigh In On Patria Investments
Several institutional investors and hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC bought a new stake in Patria Investments in the 3rd quarter valued at $106,000. AdvisorNet Financial Inc increased its position in Patria Investments by 9.7% during the first quarter. AdvisorNet Financial Inc now owns 9,580 shares of the company's stock worth $142,000 after acquiring an additional 850 shares during the period. Victory Capital Management Inc. bought a new position in shares of Patria Investments during the third quarter worth approximately $183,000. Raymond James & Associates acquired a new position in Patria Investments in the 4th quarter valued at $251,000. Finally, State Board of Administration of Florida Retirement System lifted its position in Patria Investments by 8.5% during the third quarter. State Board of Administration of Florida Retirement System now owns 16,754 shares of the company's stock worth $244,000 after purchasing an additional 1,314 shares during the period. Institutional investors and hedge funds own 96.27% of the company's stock.
Patria Investments Company Profile
(
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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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