Los Angeles Capital Management LLC Lowers Stock Holdings in Patria Investments Limited (NYSE:PAX)

Los Angeles Capital Management LLC lowered its position in shares of Patria Investments Limited (NYSE:PAX) by 64.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,225 shares of the company’s stock after selling 86,027 shares during the period. Los Angeles Capital Management LLC owned 0.08% of Patria Investments worth $528,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. American Century Companies Inc. boosted its holdings in Patria Investments by 19.1% in the 2nd quarter. American Century Companies Inc. now owns 2,424,862 shares of the company’s stock valued at $29,244,000 after purchasing an additional 389,331 shares during the period. Millennium Management LLC grew its position in Patria Investments by 42.2% during the second quarter. Millennium Management LLC now owns 976,337 shares of the company’s stock worth $11,775,000 after buying an additional 289,830 shares in the last quarter. Capital International Inc. CA increased its stake in Patria Investments by 6.2% in the 1st quarter. Capital International Inc. CA now owns 947,997 shares of the company’s stock worth $14,068,000 after acquiring an additional 55,065 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Patria Investments by 16.2% in the 1st quarter. Vanguard Group Inc. now owns 419,823 shares of the company’s stock valued at $6,230,000 after acquiring an additional 58,443 shares in the last quarter. Finally, National Bank of Canada FI boosted its position in shares of Patria Investments by 10.3% during the 2nd quarter. National Bank of Canada FI now owns 243,447 shares of the company’s stock valued at $2,963,000 after acquiring an additional 22,825 shares during the last quarter. Institutional investors own 96.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group lowered their target price on shares of Patria Investments from $16.00 to $14.00 and set a “buy” rating on the stock in a research note on Tuesday, October 22nd.

Patria Investments Stock Performance

NYSE PAX opened at $11.92 on Friday. The company has a market capitalization of $712.46 million, a P/E ratio of 27.72, a P/E/G ratio of 1.50 and a beta of 0.57. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.88 and a current ratio of 0.88. Patria Investments Limited has a 52-week low of $10.63 and a 52-week high of $16.16. The company has a fifty day moving average of $11.46 and a 200-day moving average of $12.06.

Patria Investments (NYSE:PAX) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.01). The firm had revenue of $78.10 million for the quarter, compared to the consensus estimate of $76.55 million. Patria Investments had a return on equity of 34.00% and a net margin of 19.68%. During the same period last year, the firm earned $0.23 EPS. As a group, equities research analysts predict that Patria Investments Limited will post 1.05 EPS for the current fiscal year.

Patria Investments Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 9th. Shareholders of record on Monday, November 18th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 5.03%. The ex-dividend date of this dividend is Monday, November 18th. Patria Investments’s dividend payout ratio (DPR) is presently 139.53%.

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.