Shares of Patria Investments Limited (NYSE:PAX - Get Free Report) hit a new 52-week high during trading on Tuesday . The stock traded as high as $14.02 and last traded at $13.98, with a volume of 494688 shares. The stock had previously closed at $13.61.
Patria Investments Stock Performance
The firm has a market cap of $841.09 million, a price-to-earnings ratio of 27.74, a price-to-earnings-growth ratio of 1.28 and a beta of 0.66. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.31. The stock's 50 day moving average is $12.00 and its 200 day moving average is $11.75.
Patria Investments Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, June 12th. Stockholders of record on Wednesday, May 14th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 4.33%. The ex-dividend date of this dividend was Wednesday, May 14th. Patria Investments's payout ratio is 122.45%.
Hedge Funds Weigh In On Patria Investments
A number of hedge funds have recently bought and sold shares of PAX. Nuveen LLC acquired a new stake in shares of Patria Investments in the first quarter valued at approximately $13,503,000. Nuveen Asset Management LLC increased its stake in Patria Investments by 40.9% during the 4th quarter. Nuveen Asset Management LLC now owns 1,317,635 shares of the company's stock worth $15,324,000 after acquiring an additional 382,178 shares during the period. Pertento Partners LLP increased its stake in Patria Investments by 8.9% during the 4th quarter. Pertento Partners LLP now owns 3,308,626 shares of the company's stock worth $38,479,000 after acquiring an additional 270,075 shares during the period. Millennium Management LLC lifted its position in shares of Patria Investments by 27.2% during the 4th quarter. Millennium Management LLC now owns 915,407 shares of the company's stock valued at $10,646,000 after acquiring an additional 195,616 shares during the period. Finally, Adage Capital Partners GP L.L.C. lifted its position in shares of Patria Investments by 9.6% during the 1st quarter. Adage Capital Partners GP L.L.C. now owns 1,625,000 shares of the company's stock valued at $18,346,000 after acquiring an additional 141,842 shares during the period. 96.27% of the stock is owned by institutional investors.
About Patria Investments
(
Get Free Report)
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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