Patria Investments Limited (NYSE:PAX) Declares Quarterly Dividend of $0.15

Patria Investments Limited (NYSE:PAX) announced a quarterly dividend on Tuesday, November 4th. Investors of record on Friday, November 14th will be paid a dividend of 0.15 per share on Friday, December 12th. This represents a c) dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Friday, November 14th.

Patria Investments has a dividend payout ratio of 46.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Patria Investments to earn $1.59 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 37.7%.

Patria Investments Trading Up 3.0%

Shares of NYSE:PAX traded up $0.44 during midday trading on Tuesday, hitting $15.02. 1,902,071 shares of the stock were exchanged, compared to its average volume of 553,503. The stock has a market capitalization of $999.16 million, a price-to-earnings ratio of 30.04, a P/E/G ratio of 1.28 and a beta of 0.70. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.91 and a current ratio of 0.91. The business’s 50-day moving average price is $14.37 and its 200 day moving average price is $13.48. Patria Investments has a 12 month low of $9.43 and a 12 month high of $16.24.

Institutional Investors Weigh In On Patria Investments

A number of institutional investors have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. boosted its stake in Patria Investments by 14.4% during the second quarter. Ameritas Investment Partners Inc. now owns 6,140 shares of the company’s stock worth $86,000 after acquiring an additional 775 shares in the last quarter. CWM LLC boosted its position in shares of Patria Investments by 12.3% during the 3rd quarter. CWM LLC now owns 8,439 shares of the company’s stock worth $123,000 after purchasing an additional 923 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Patria Investments by 7.8% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 13,900 shares of the company’s stock worth $195,000 after purchasing an additional 1,000 shares in the last quarter. Brookwood Investment Group LLC boosted its holdings in Patria Investments by 5.2% in the third quarter. Brookwood Investment Group LLC now owns 25,916 shares of the company’s stock worth $378,000 after acquiring an additional 1,285 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in Patria Investments by 6.6% in the second quarter. The Manufacturers Life Insurance Company now owns 22,140 shares of the company’s stock worth $311,000 after acquiring an additional 1,366 shares in 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.