Patria Investments Limited (NYSE:PAX) Short Interest Up 25.6% in May

Patria Investments Limited (NYSE:PAX - Get Free Report) saw a large growth in short interest during the month of May. As of May 31st, there was short interest totalling 2,110,000 shares, a growth of 25.6% from the May 15th total of 1,680,000 shares. Based on an average trading volume of 624,500 shares, the short-interest ratio is currently 3.4 days. Currently, 3.5% of the shares of the company are sold short.

Hedge Funds Weigh In On Patria Investments

Institutional investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Patria Investments by 4.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,590 shares of the company's stock worth $367,000 after purchasing an additional 1,487 shares during the period. AdvisorNet Financial Inc grew its stake in shares of Patria Investments by 31.9% during the 1st quarter. AdvisorNet Financial Inc now owns 7,240 shares of the company's stock worth $82,000 after purchasing an additional 1,750 shares during the period. CWM LLC grew its stake in shares of Patria Investments by 85.1% during the 1st quarter. CWM LLC now owns 5,099 shares of the company's stock worth $58,000 after purchasing an additional 2,345 shares during the period. GAMMA Investing LLC grew its stake in shares of Patria Investments by 888.9% during the 1st quarter. GAMMA Investing LLC now owns 3,827 shares of the company's stock worth $43,000 after purchasing an additional 3,440 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Patria Investments during the 4th quarter worth approximately $41,000. 96.27% of the stock is owned by hedge funds and other institutional investors.

Patria Investments Stock Performance

PAX traded up $0.25 during trading on Wednesday, reaching $14.00. 815,477 shares of the company's stock were exchanged, compared to its average volume of 608,795. Patria Investments has a 1 year low of $9.43 and a 1 year high of $14.03. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.91 and a quick ratio of 0.91. The stock has a market capitalization of $848.97 million, a P/E ratio of 28.00, a price-to-earnings-growth ratio of 1.28 and a beta of 0.66. The company's fifty day simple moving average is $11.92 and its 200-day simple moving average is $11.74.

Patria Investments Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 12th. Shareholders of record on Wednesday, May 14th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 4.29%. The ex-dividend date of this dividend was Wednesday, May 14th. Patria Investments's dividend payout ratio 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.

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