Raymond James Financial Inc. Invests $808,000 in Patria Investments Limited (NYSE:PAX)

Raymond James Financial Inc. bought a new stake in Patria Investments Limited (NYSE:PAX - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 69,505 shares of the company's stock, valued at approximately $808,000. Raymond James Financial Inc. owned approximately 0.12% of Patria Investments as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. R Squared Ltd acquired a new stake in Patria Investments in the fourth quarter valued at approximately $29,000. SBI Securities Co. Ltd. purchased a new position in shares of Patria Investments in the fourth quarter worth $41,000. Roxbury Financial LLC purchased a new position in shares of Patria Investments in the fourth quarter worth $55,000. Quadrant Capital Group LLC raised its holdings in shares of Patria Investments by 239.5% in the fourth quarter. Quadrant Capital Group LLC now owns 9,692 shares of the company's stock worth $113,000 after buying an additional 6,837 shares during the last quarter. Finally, Pictet Asset Management Holding SA purchased a new position in shares of Patria Investments in the fourth quarter worth $122,000. 96.27% of the stock is currently owned by institutional investors and hedge funds.

Patria Investments Stock Performance

Shares of NYSE PAX traded up $0.22 during midday trading on Monday, reaching $11.96. The company had a trading volume of 133,783 shares, compared to its average volume of 574,001. The business's 50-day simple moving average is $10.81 and its 200 day simple moving average is $11.52. The stock has a market cap of $714.69 million, a P/E ratio of 23.93, a P/E/G ratio of 1.28 and a beta of 0.57. Patria Investments Limited has a 1 year low of $9.43 and a 1 year high of $13.42. 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 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Wednesday, May 14th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.02%. Patria Investments's dividend payout ratio is currently 122.45%.

About Patria Investments

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.