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

Patria Investments logo with Finance background

Patria Investments Limited (NYSE:PAX - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $13.72 and last traded at $13.67, with a volume of 358700 shares. The stock had previously closed at $13.47.

Patria Investments Stock Down 1.6%

The company has a market cap of $825.32 million, a PE ratio of 27.22, a P/E/G ratio of 1.28 and a beta of 0.67. The company's 50 day moving average is $11.70 and its 200 day moving average is $11.70. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.31.

Patria Investments Dividend Announcement

The firm also recently announced 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 4.41%. The ex-dividend date was Wednesday, May 14th. Patria Investments's dividend payout ratio (DPR) is 122.45%.

Institutional Trading of Patria Investments

A number of institutional investors have recently modified their holdings of PAX. SBI Securities Co. Ltd. acquired a new stake in Patria Investments in the 4th quarter worth approximately $41,000. GAMMA Investing LLC increased its holdings in Patria Investments by 888.9% in the 1st quarter. GAMMA Investing LLC now owns 3,827 shares of the company's stock worth $43,000 after acquiring an additional 3,440 shares in the last quarter. Roxbury Financial LLC purchased a new stake in Patria Investments in the 4th quarter worth $55,000. CWM LLC increased its holdings in Patria Investments by 85.1% in the 1st quarter. CWM LLC now owns 5,099 shares of the company's stock worth $58,000 after acquiring an additional 2,345 shares in the last quarter. Finally, BNP Paribas Financial Markets purchased a new stake in Patria Investments in the 4th quarter worth $81,000. 96.27% of the stock is currently owned by institutional investors.

Patria Investments Company Profile

(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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