Patria Investments (NYSE:PAX) Reaches New 1-Year High - Here's Why

Key Points

• Patria Investments' shares reached a new 52-week high, trading at $15.50, with a significant volume of 38,674 shares exchanged.
• The company recently announced a quarterly dividend of $0.15 per share, resulting in an annualized yield of 3.9%.
• Institutional investors hold 96.27% of Patria Investments' stock, with notable increases in stakes from firms like Bank of America and Deutsche Bank.

Shares of Patria Investments Limited (NYSE:PAX - Get Free Report) reached a new 52-week high during trading on Tuesday . The stock traded as high as $15.40 and last traded at $15.50, with a volume of 38674 shares traded. The stock had previously closed at $15.13.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Patria Investments from a "strong sell" rating to a "hold" rating in a report on Wednesday, September 3rd. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, Patria Investments has an average rating of "Moderate Buy" and an average price target of $14.00.

Patria Investments Price Performance

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 $1.02 billion, a price-to-earnings ratio of 30.75, a PEG ratio of 1.28 and a beta of 0.69. The stock's 50 day simple moving average is $13.84 and its 200-day simple moving average is $12.71.

Patria Investments Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 15th were paid a $0.15 dividend. The ex-dividend date was Friday, August 15th. This represents a $0.60 dividend on an annualized basis and a yield of 3.9%. Patria Investments's payout ratio is 107.14%.

Institutional Trading of Patria Investments

A number of institutional investors have recently added to or reduced their stakes in PAX. BNP Paribas Financial Markets acquired a new stake in Patria Investments in the fourth quarter valued at approximately $81,000. Bank of America Corp DE lifted its stake in shares of Patria Investments by 31.4% in the fourth quarter. Bank of America Corp DE now owns 107,130 shares of the company's stock worth $1,246,000 after buying an additional 25,626 shares during the last quarter. Deutsche Bank AG lifted its stake in shares of Patria Investments by 42.1% in the fourth quarter. Deutsche Bank AG now owns 55,851 shares of the company's stock worth $650,000 after buying an additional 16,536 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Patria Investments by 4.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,590 shares of the company's stock worth $367,000 after buying an additional 1,487 shares during the last quarter. Finally, Nuveen Asset Management LLC lifted its stake in shares of Patria Investments by 40.9% in the fourth 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. 96.27% of the stock is currently owned by institutional investors and hedge funds.

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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