Robeco Institutional Asset Management B.V. Reduces Stock Holdings in Patria Investments Limited (NYSE:PAX)

Robeco Institutional Asset Management B.V. lowered its stake in shares of Patria Investments Limited (NYSE:PAX - Free Report) by 28.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 275,000 shares of the company's stock after selling 111,652 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Patria Investments were worth $4,265,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Victory Capital Management Inc. bought a new position in Patria Investments during the third quarter worth about $183,000. SG Americas Securities LLC lifted its holdings in shares of Patria Investments by 74.3% in the fourth quarter. SG Americas Securities LLC now owns 12,691 shares of the company's stock worth $197,000 after buying an additional 5,408 shares in the last quarter. Raymond James & Associates purchased a new stake in shares of Patria Investments in the fourth quarter worth about $251,000. State Board of Administration of Florida Retirement System lifted its holdings in shares of Patria Investments by 8.5% in 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 buying an additional 1,314 shares in the last quarter. Finally, Quadrature Capital Ltd purchased a new stake in shares of Patria Investments in the third quarter worth about $272,000. Institutional investors own 96.27% of the company's stock.

Patria Investments Trading Up 0.5 %

Shares of Patria Investments stock traded up $0.06 on Tuesday, reaching $13.06. The stock had a trading volume of 268,250 shares, compared to its average volume of 309,909. Patria Investments Limited has a 1 year low of $12.48 and a 1 year high of $16.20. The company has a market cap of $722.35 million, a P/E ratio of 16.67, a price-to-earnings-growth ratio of 0.83 and a beta of 0.64. The business's 50 day moving average is $13.87 and its two-hundred day moving average is $14.36.

Patria Investments Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Monday, May 20th will be paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 5.36%. The ex-dividend date of this dividend is Friday, May 17th. Patria Investments's dividend payout ratio is currently 89.74%.

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.