Patria Investments (NYSE:PAX) Stock Price Down 4.8% - Here's What Happened

Patria Investments Limited (NYSE:PAX - Get Free Report) shares fell 4.8% during trading on Thursday . The company traded as low as $14.34 and last traded at $13.62. 179,000 shares traded hands during trading, a decline of 69% from the average session volume of 584,956 shares. The stock had previously closed at $14.30.

Patria Investments Stock Performance

The firm has a market cap of $866.07 million, a PE ratio of 28.56, a PEG ratio of 1.28 and a beta of 0.69. 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 company has a 50-day simple moving average of $12.86 and a two-hundred day simple moving average of $11.87.

Patria Investments Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 12th. Investors of record on Wednesday, May 14th were given a dividend of $0.15 per share. The ex-dividend date was Wednesday, May 14th. This represents a $0.60 annualized dividend and a yield of 4.20%. Patria Investments's payout ratio is currently 122.45%.

Institutional Trading of Patria Investments

Several hedge funds have recently added to or reduced their stakes in PAX. Nuveen LLC purchased a new position in Patria Investments in the first quarter valued at approximately $13,503,000. Nuveen Asset Management LLC raised 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 valued at $15,324,000 after buying an additional 382,178 shares during the period. Pertento Partners LLP lifted its position in shares of Patria Investments by 8.9% during the 4th quarter. Pertento Partners LLP now owns 3,308,626 shares of the company's stock valued at $38,479,000 after buying an additional 270,075 shares during the last quarter. Millennium Management LLC grew its stake 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 worth $10,646,000 after acquiring an additional 195,616 shares during the period. Finally, Adage Capital Partners GP L.L.C. increased its holdings in 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 acquiring an additional 141,842 shares during the last quarter. Institutional investors own 96.27% of the company's stock.

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.