39,041 Shares in Patria Investments Limited $PAX Purchased by Abel Hall LLC

Abel Hall LLC purchased a new position in Patria Investments Limited (NYSE:PAX) in the 2nd quarter, HoldingsChannel reports. The firm purchased 39,041 shares of the company’s stock, valued at approximately $549,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its position in Patria Investments by 888.9% in the first 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. CWM LLC grew its position in Patria Investments by 85.1% in the first 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. AdvisorNet Financial Inc grew its position in Patria Investments by 23.3% in the second quarter. AdvisorNet Financial Inc now owns 8,925 shares of the company’s stock worth $125,000 after acquiring an additional 1,685 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. purchased a new position in Patria Investments in the first quarter worth about $140,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Patria Investments in the first quarter worth about $153,000. Hedge funds and other institutional investors own 96.27% of the company’s stock.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Patria Investments from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 3rd. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Patria Investments presently has an average rating of “Moderate Buy” and an average price target of $14.00.

Patria Investments Stock Performance

Shares of Patria Investments stock opened at $14.02 on Wednesday. The stock’s fifty day moving average is $14.04 and its two-hundred day moving average is $12.94. The company has a market capitalization of $932.64 million, a PE ratio of 28.04, a price-to-earnings-growth ratio of 1.28 and a beta of 0.70. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.31. Patria Investments Limited has a 52 week low of $9.43 and a 52 week high of $15.54.

Patria Investments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 15th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend was Friday, August 15th. Patria Investments’s dividend payout ratio is 107.14%.

Patria Investments 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.