Patria Investments (NYSE:PAX) Shares Gap Down - Should You Sell?

Key Points

• Patria Investments shares experienced a significant drop, closing down 6.5% after gapping down from $13.95 to $12.76 before trading at $12.89.
• As of now, approximately 96.27% of the company's stock is owned by hedge funds and institutional investors, indicating strong institutional interest.
• Patria Investments operates mainly in the Latin American market, focusing on asset management across various private equity and investment funds.

Shares of Patria Investments Limited (NYSE:PAX - Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $13.95, but opened at $12.76. Patria Investments shares last traded at $12.89, with a volume of 205,233 shares.

Patria Investments Trading Up 0.3%

The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.31. The firm's fifty day moving average is $13.68 and its two-hundred day moving average is $12.21. The firm has a market cap of $839.27 million, a P/E ratio of 27.68, a PEG ratio of 1.28 and a beta of 0.69.

Patria Investments Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 15th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Friday, August 15th. Patria Investments's dividend payout ratio is presently 107.14%.

Institutional Trading of Patria Investments

Institutional investors and hedge funds have recently bought and sold shares of the stock. Nuveen LLC bought a new position in shares of Patria Investments in the 1st quarter worth approximately $13,503,000. Nuveen Asset Management LLC raised its holdings in 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 purchasing an additional 382,178 shares in the last quarter. Millennium Management LLC boosted its holdings 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 buying an additional 195,616 shares in the last quarter. Denali Advisors LLC grew its position in shares of Patria Investments by 160.2% in the 2nd quarter. Denali Advisors LLC now owns 234,819 shares of the company's stock worth $3,302,000 after buying an additional 144,577 shares during the period. Finally, Adage Capital Partners GP L.L.C. grew its position in shares of Patria Investments by 9.6% in the 1st quarter. Adage Capital Partners GP L.L.C. now owns 1,625,000 shares of the company's stock worth $18,346,000 after buying an additional 141,842 shares during the period. 96.27% of the stock is currently owned by hedge funds and other institutional investors.

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.